05/28/2013 08:55 AM ET
News from: Advanced Global Trading
Advanced Global Trading: Second Year Minimizing Lotus F1 Team's Emissions
AGT - Alternative investment brokerage working with F1 team to retain carbon neutrality in 2013
(Dubai, UAE) Advanced Global Trading, a leading sustainable investment group headquartered in Dubai, will continue to assist the Lotus F1 Team to minimise its carbon footprint and reduce emissions, as the F1 team continues carbon neutrality in 2013.
Advanced Global Trading has been provided with last season's data for all Lotus F1 Team's season's races and an independent agency based in the UK is now calculating the operation's cumulative emissions, which will then be offset by Advanced Global Trading AGT by purchasing and retiring this value in Verified Emissions Reduction Carbon Credits.
An exciting season is already underway for Lotus F1 Team where Lotus driver, Kimi Raikkonen, could be leading the championship after the weekend and is on course for his 23rd successive race in the points - one short of Michael Schumacher's all-time record.
However, there is a huge operation going on behind the scenes to ensure their drivers have the best possible chance on the track, which is also being calculated in order to be offset emissions.
For European races the team relies upon its fleet of 15 trucks to transport the E20 F1TM cars and support equipment. Six trucks transport the team's ‘race base' - a state-of-the-art complex to the rear of the team garages - while five trucks move the team's motorhome and four are used for the cars and other equipment.
For a typical European Grand Prix, the trucks will either leave the factory or the team's other logistics support hub in Luxembourg a week before the race to arrive at the circuit on the Monday before race weekend. With the trucks in place, the support crews begin flying out on the Monday to assemble the garages, motorhome and race base. Mechanics and engineers usually arrive at the track on Wednesday or Thursday.
Races outside of Europe are known as ‘fly-away' races and the trucks cannot be used for these events. The team therefore uses airfreight, with freight boxes leaving Enstone on the Thursday or Friday the week before the race weekend. Much of the peripheral equipment is sent by sea freight further in advance.
The most important luggage is of course the cars. They require three trailers with roller beds to take around ten pallets, plus a significant amount of loose cargo. This includes spares and running equipment, tools and so on, totalling around 30 tonnes in weight.
The sea freight includes all the equipment that won't change throughout the year. Items like hospitality collaterals, generators and consumables - basically anything that's heavy and unlikely to alter. This uses use 1.5 containers measuring around 60ft in length and weighing in at around eight tonnes, without an inch of space wasted.
Aside from the two race cars, the team takes a large number of spares to each race in order to be prepared for every eventuality. This usually comprises one spare chassis, six front wing assemblies and five rear wings of varying specification. For street circuits where accidents are more likely, the team may modify these quantities in order to err on the side of caution.
The team also has around 90 personnel that attend each race weekend, who of course need to be flown, driven and accommodated each time. Advanced Global Trading will also continue to work closely with the Lotus F1 team to analyse where greater efficiencies can be made at its Oxfordshire base in the UK.
Charles Stephenson, CEO of Advanced Global Trading, said: "We're delighted to continue this association with the Lotus F1 Team, and are eager to see just how many VERS are necessary to offset for an operation of this magnitude.
"Advanced Global Trading is proud to have assisted various organisations and motorsports teams reduce their impact upon the environment, before helping them offset any remaining emissions and become completely carbon neutral."
Advanced Global Trading is a global industry-leader in the trading of VER Carbon Credits in the over-the-counter (OTC) green market.
For more information please contact:
Mohammad Mahmood Digital Marketing Manager
Advanced Global Trading