Zergratran seeks $75 million for green box alternative to Panama Canal

Zergratran seeks $75 million for green alternative to Panama Canal

Zergratran SA has announced its Reg A+ offering to raise $75 million to build the first Green Shipping Corridor.

Puerto Internacional Las Americas (PILA) is planned to be an underground tunnel, about 100 miles south of the Panama Canal, that uses Maglev technology system to transfer containers in less than 30 minutes between fully automated ports on the Atlantic and Pacific coasts of Northern Colombia.

PILA aims to be a focal point for a system-wide upgrade driven by automation, digitisation, technology, and sustainability principles.

It is set be a distribution centre for goods to and from South America and the first world ports offering biofuels only.

PILA is slated to become a greener alternative to the Panama Canal for shipping containers.

READ: Singapore, SoCal ports establish smart green shipping corridor

“Zergratran SA is not only addressing the need for additional marine trade routes and the sustainable choke point around the Panama Canal,” reads the company’s recent statement, “but helps align the shipping sector with the goal of limiting the global temperature rise – recognised by the ESG World Summit Singapore as the SDG 9 GRIT Awards winner.”

The company believes this first Green Shipping Corridor will be the solution for the early adoption of sustainable technologies that will help place the sector on a pathway to achieve zero emissions.

The news comes on the back of the Green Shipping Challenge launched at COP27, where major countries announced they will roll out end-to-end decarbonised shipping routes.

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