CMA CGM and Masdar ink strategic deal on green fuels

The Marseille-based shipping liner CMA CGM Group, a global player in shipping and logistics and renewable energy Abu Dhabi Future Energy (Masdar) launch a long-term partnership for green alternative fuel supply.

The aim of the partnership is to source, supply and deliver green alternative fuels for CMA CGM’s dual-fuel vessels, starting in 2025 and following the incremental phase-in of the vessels until 2028.

As it is said, by 2028 CMA CGM will have 119 ships in fleet able to run on green alternative fuels.

Masdar and CMA CGM will also continue to discuss extending their collaboration opportunities, potentially on green hydrogen and ammonia production.

The cooperation will facilitate the deployment of CMA CGM’s new generation of dual-fuel ships ready to use biofuels and e-fuels based on methane and methanol, of which 35 are currently in fleet and 84 in order.

Masdar aims to produce 1 million tons of green hydrogen by 2030, backed with the strong long-term commitment of the company’s shareholders, ADNOC, TAQA and Mubadala.

Mohammad Abdelqader El Ramahi, Masdar chief green hydrogen officer, said “the agreement aligns with our “smart-first-mover” approach to deliver projects with strategic partners in the UAE and across the world.”

Christine Cabau Woehrel, CMA CGM group executive vice president in charge of assets and operations, noted: “To CMA CGM, the importance of the energy mix lies in our desire to be at the forefront of innovation for sustainable shipping. By being ‘energy agnostic’, we firmly believe in diversifying energy sources for our ships. This approach enables us to explore and adopt a variety of energy solutions, whether Biomethane, E-methane, liquefied natural gas (LNG), hydrogen, electrification or other alternative fuels.”