The CMA CGM Group and Masdar have signed a long-term agreement for green maritime fuels to supply CMA CGM vessels.
The cooperation is set to 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.
Commencing in 2025, there will be a gradual introduction of vessels, with the phased-in approach extending until 2028.
Masdar aims to produce 1 million tonnes of green hydrogen by 2030, backed by the long-term commitment of the company’s shareholders, ADNOC, TAQA and Mubadala.
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Mohammad Abdelqader El Ramahi, Masdar Chief Green Hydrogen Officer, said: “As a pioneer in advancing the clean energy sector and a key enabler of the UAE’s vision as a global leader in sustainability and climate action, Masdar’s ambition is to be one of the leading players in the development of green hydrogen globally.
“It is our belief that global maritime is one of the most strategic markets for green hydrogen and synthetic fuels are one of the fastest, most rewarding market segments. This agreement aligns with our “smart-first-mover” approach to deliver projects with strategic partners in the UAE and across the world.”
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“To CMA CGM, the importance of the energy mix lies in our desire to be at the forefront of innovation for sustainable shipping,” added Christine Cabau Woehrel, CMA CGM Group Executive Vice President in charge of Assets and Operations.
“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.
“Our goal is clear: to provide and offer reliable shipping services while reducing our environmental impact and actively contributing to a cleaner, more sustainable energy future for the marine industry.”
Late last year, Masdar and AD Ports Group (AD Ports) signed a Memorandum of Understanding (MoU) on the margins of the UN Climate Change Conference (COP28) in Dubai.
