The CMA CGM Group has joined the partners of the Jupiter 1000 industrial demonstrator project piloted by GRTgaz to provide solutions to the challenge of decarbonising gas networks.
The Jupiter 1000 project is France’s first industrial demonstrator aiming to produce green hydrogen from renewable power and e-methane – a synthetic gas using this hydrogen and CO2 captured from the industrial process.
The idea behind Jupiter 1000 is to convert a portion of renewable power, at times when it is abundant, into low-carbon energy and store it on a large scale.
Through its participation in the project, CMA CGM is attempting to further accelerate its commitment to a full net-zero transition by 2050 – following other industry leaders.
By providing access to the results of its green hydrogen production, methanation and CO2 capture, Jupiter 1000 will enable CMA CGM to accelerate development of the production sector for synthetic methane.
“The Jupiter 1000 project is of great interest to the CMA CGM Group as part of our efforts to find very low-carbon new fuel sources,” commented Christine Cabau Woehrel, Executive Vice-President of CMA CGM.
“To help us meet our Net zero target by 2050, we are resolutely committed to searching for and industrialising innovative non-fossil fuel gas solutions, with biomethane and synthetic methane.”
“The Jupiter 1000 project will give us access to one of the first demonstrator projects of the kind. Moreover, it is located at Fos-sur-Mer, where we recently completed our first LNG bunkering operations. We intend to support the potential emergence of a whole new industry.”
Resulting from record demand and supply chain capacity challenges, CMA CGM ranked amongst the top earning container lines in 2021.
The group saw its shipping revenue rise by 88.5 per cent compared to 2020, reaching $45.3 billion.