Photo credit: CMA CGM Group

The Marseille-based CMA CGM Group, a global player in shipping and logistics, launches a call for projects worth €200 million, for all companies operating in the maritime industry in mainland France and the French overseas territories, to step up the pace of decarbonization of the French shipping industry.

This call for projects is open to all startups and businesses wanting to step up the pace of decarbonizing the “blue economy” in mainland France, and the French overseas territories in the areas of shipping and not only.

The company has launched a call for projects, financed and coordinated by the CMA CGM Fund for Energies, targeted at startups and businesses working on concrete solutions to step up the pace of decarbonization, within all areas of the French shipping industry. It was announced at the Assises de l’Économie de la Mer (French maritime economy conference), by Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, and backed by the CMA CGM Fund for Energies, and all applicants can submit their projects on the dedicated platform as of January 30, 2023.

The projects will be selected based on their concrete impact on the decarbonizing of the French shipping industry, the maturity of the projects and the economic feasibility. As the company mentions, “some of them may receive shared investments from the public sector and private operators, and beneficiate from the assistance of shipping industry experts to give them every chance of success”.

The Fund for Energies was created by Rodolphe Saadé in September 2022, providing €1.5 billion over five years, and aims to accelerate its energy transition in order to achieve Net Zero Carbon by 2050. This fund invests to support the development and generation of renewable energies, step up the pace of decarbonizing industrial facilities across all of the Group’s activities, and promote innovative projects and low emission mobility solutions.

Source: CMA CGM Group