Evergreen, CIP investigate green shipping fuels

Evergreen, CIP partner to investigate green shipping fuels

Evergreen Marine Corporation and Copenhagen Infrastructure Partners (CIP) have signed a Memorandum of Understanding (MoU) to jointly explore production and usage of carbon-neutral e-fuels.

The MoU was signed on behalf of CIP’s Energy Transition Fund. The collaboration will include the production of e-fuels in Taiwan based on offshore wind, as well as the research of a larger supply of green fuels such as e-ammonia and e-methanol.

Taiwan is an important player in global supply chains not just as a producer, but also as a containership operator, holding approximately 10 per cent of the worldwide container shipping fleet.

Taiwan has favourable offshore wind conditions, and with increased government backing for decarbonisation, it has the potential to become a producer of future fuel types.

READ: ExxonMobil, Evergreen carry out marine biofuel delivery in Singapore

CIP is reportedly building and developing a number of offshore wind farms in Taiwan, with significant linkages to Taiwanese businesses and society.

CIP Partner, Felix Pahl, said: “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 realising 2050 net zero goal.”

Evergreen states that its partnership with CIP is another step in the company’s plan to meet its carbon reduction targets.

Evergreen aspires to achieve net-zero carbon emissions in shipping by 2050, in line with the International Maritime Organization (IMO)’s ambition.

In August, Evergreen celebrated the official opening of Terminal 7 at Kaohsiung Port, Taiwan’s first automated container terminal.

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