The shipping line Evergreen Marine Corporation and Denmark´s fund manager Copenhagen Infrastructure Partners (CIP) team up to explore green shipping fuels.

Evergreen and CIP on behalf of its Energy Transition Fund have signed a Memorandum of Understanding (MOU), to jointly explore production and usage of carbon-neutral e-fuels.

The cooperation will have several aspects including production of e-fuels in Taiwan based on offshore wind, but also exploration of a broader supply of green fuels such as e-ammonia and e-methanol.

CIP, a fund manager within greenfield renewable energy investments, is currently constructing and developing several offshore wind farms in Taiwan with strong ties to the Taiwanese industries and society. It manages ten funds and focuses on investments in offshore and onshore wind, and solar PV, amongst other things.

Evergreen, on the other hand, is amongst the 10 biggest container shipping companies globally with over 200 container ships on the water.

CIP said decarbonization of such an operation is a major undertaking and may require a range of different fuel types.

Taiwan plays a vital role in the global supply chains not only as a producer, but also as a container ship operator, controlling about 10% of the world’s container shipping fleet.

It has also good conditions for offshore wind and with a growing government support for decarbonization it has the potential to become a producer of the future fuel types.

A partnership with CIP is expected to support Evergreen in exploring and developing the low-carbon fuel solutions required on its path towards net zero by 2050.

Felix Pahl, CIP partner, commented on the cooperation: “ETF is the world’s largest fund dedicated to investing and developing advanced energy technology which supports the transition to renewable energy. CIP already has a strong footprint in Taiwan, and we are looking forward to working with Evergreen to further support Taiwan’s ambition of realizing 2050 net zero goal.”