Total, the world’s fourth-largest international oil and gas company, and CMA CGM have signed a three-year memorandum of understanding to combine their expertise to prepare for stricter fuel regulations in the shipping industry and further reduce the sector’s footprint by developing solutions that make container ships ever more environmentally-friendly.
Total will support CMA CGM by becoming its multifuel supplier, providing fuel oil with a sulphur content of 0.5%, fuel oil with a sulphur content of 3.5% for ships equipped with exhaust gas cleaning systems, or scrubbers, which reduce the polluting emissions before they are released into the atmosphere. It will also provide LNG, which offers numerous advantages from an environmental standpoint, including the reduction of CO2 emissions, the elimination of sulfur oxide (SOx) emissions, drastic decrease of nitrogen oxides (NOx) and particulate matters.
Speaking at the signing, Patrick Pouyanné, Chairman and Chief Executive Officer of Total said : “As a global integrated energy producer and provider present across the oil and gas value chain, we aim to offer our customers a range of multifuel solutions to meet their different needs.
“The new regulations require both marine fuel suppliers and shipping industry stakeholders to adapt quickly. That is why we are working hand in hand with CMA CGM, a long-standing partner.
While Rodolphe Saadé, Vice Chairman of CMA CGM, said: “With the signature of this MOU, CMA CGM is continuing the sustainable development process begun several years ago. The solutions offered by Total will enable us to further minimize the environmental impact of the Group’s activities and is a next step in building a more environmentally conscious shipping industry.”
This news follows the announcement of stricter fuel emissions rules due to come into force, which will require greener shipping practices.