The move covers delivery vehicles, heavy goods vehicles (HGVs) and tankers at 21 of its biggest locations across the country, representing 92% of the company's HGV fleet.
HVO emits up to 90% less carbon compared to red diesel and the switch by Speedy will save the equivalent CO2 of heating 1,820 UK homes for a year.
Speedy will use Green D+ enhanced HVO as its preferred fuel, which removes 11% of Nitrogen Oxide emissions and is 20% lower in particulates than standard HVO, contributing to safer air quality for site workers and neighbouring communities.
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The move will see the business become the first hire provider to deliver low-emission fuel and equipment in vehicles also run-on biofuels, helping to cut emissions in the construction supply chain. It represents the first major phase of the firm’s transition to a fully low-carbon fleet by 2030.
The company is also reviewing how staff vehicles can refuel with HVO at Speedy sites to help further reduce its overall emissions.
Mike DeRome, Head of Fuel at Speedy, said: "We're setting ambitious targets for reducing our environmental impact while simultaneously investing millions in low carbon equipment for contractors, as we set out to lead the way in decarbonising construction hire.
"Our fuel usage comprises the largest part of the business’ carbon footprint, making it a priority area for us to take action. Reducing emissions in our delivery fleet helps customers to make big gains in decarbonising their supply chain, reducing the overall carbon footprint of their projects.
"The switch to HVO fuel across our commercial fleet also helps the business to instantly reduce carbon emissions without wastefully retiring diesel powered assets early in favour of new vehicles, particularly while electric and hydrogen technologies continue to advance and mature."
