TD Bank Continuing to Go Green with First Net-Zero Energy Branch
The bank is building the first net-zero energy bank in the U.S., incorporating energy efficiency into the design and creating as much energy as it utilizes through renewable means, hence the title “net-zero.” It will require approximately 97,000 kwh per year to operate the branch, but will in turn produce over 100,000 kwh per year with the help of photovoltaic panels mounted on the building as well as throughout the surrounding property. The bank is also being constructed to the highest LEED certification standards: LEED Platinum. There are only eight buildings in the U.S. that are registered as net-zero energy buildings with the U.S. Department of Energy, and TD’s newest bank will join this elite group of ecological edifices. It is set to open this spring in Ft. Lauderdale, Florida.
"TD Bank is committed to being an environmental leader and making a positive social impact. Developing green stores isn't just the right thing to do, it makes good business sense too," said Bharat Masrani, President and CEO, TD Bank. "We are thrilled to open the first net-zero energy bank in the United States, and we will continue to work to reduce the energy we use. To us, being environmentally responsible is fundamental to being the better bank."
In 2010, TD became the largest U.S. bank to become carbon neutral with the development of 17 LEED certified branches and offices. The net-zero bank is now taking TD’s green initiative one-step further, being 50 percent more energy efficient than previous bank designs. Other steps TD Bank has taken to enhance their green appeal include: receiving a 2010 Green Power Partner Leadership Award from the EPA; purchasing renewable energy credits to cover 100 percent of the bank’s energy needs; purchasing a block of wind turbines to power all of their ATMs throughout the East Coast; joining Boise Inc.’s Closed Loop System to buy, recycle, repurchase and repurpose 1,500 metric tons of paper from TD’s Canada and U.S. operations; and much more!
Source: TD Bank
Trafigura and Yara International explore clean ammonia usage
Reducing shipping emissions is a vital component of the fight against global climate change, yet Greenhouse Gas emissions from the global maritime sector are increasing - and at odds with the IMO's strategy to cut absolute emissions by at least 50% by 2050.
How more than 70,000 ships can decrease their reliance on carbon-based sources is one of transport's most pressing decarbonisation challenges.
Yara and Trafigura intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain. Under the MoU announced today, Trafigura and Yara intend to work together in the following areas:
- The supply of clean ammonia by Yara to Trafigura Group companies
- Exploration of joint R&D initiatives for clean ammonia application as a marine fuel
- Development of new clean ammonia assets including marine fuel infrastructure and market opportunities
Magnus Krogh Ankarstrand, President of Yara Clean Ammonia, said the agreement is a good example of cross-industry collaboration to develop and promote zero-emission fuel in the form of clean ammonia for the shipping industry. "Building clean ammonia value chains is critical to facilitate the transition to zero emission fuels by enabling the hydrogen economy – not least within trade and distribution where both Yara and Trafigura have leading capabilities. Demand and supply of clean ammonia need to be developed in tandem," he said.
There is a growing consensus that hydrogen-based fuels will ultimately be the shipping fuels of the future, but clear and comprehensive regulation is essential, according to Jose Maria Larocca, Executive Director and Co-Head of Oil Trading for Trafigura.
Ammonia has a number of properties that require "further investigation," according to Wartsila. "It ignites and burns poorly compared to other fuels and is toxic and corrosive, making safe handling and storage important. Burning ammonia could also lead to higher NOx emissions unless controlled either by aftertreatment or by optimising the combustion process," it notes.
Trafigura has co-sponsored the R&D of MAN Energy Solutions’ ammonia-fuelled engine for maritime vessels, has performed in-depth studies of transport fuels with reduced greenhouse gas emissions, and has published a white paper on the need for a global carbon levy for shipping fuels to be introduced by International Maritime Organization.
Oslo-based Yara produces roughly 8.5 million tonnes of ammonia annually and employs a fleet of 11 ammonia carriers, including 5 fully owned ships, and owns 18 marine ammonia terminals with 580 kt of storage capacity – enabling it to produce and deliver ammonia across the globe.
It recently established a new clean ammonia unit to capture growth opportunities in emission-free fuel for shipping and power, carbon-free fertilizer and ammonia for industrial applications.