- Masdar and CMA CGM Group have signed long-term contracts to buy green alternative fuels for its vessels.
- The aim is to secure green alternative fuels supply for CMA CGM’s dual-fuel vessels beginning in 2025 and following the incremental phase-in of the vessels until 2028.
Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts, reports Offshore Energy.
Long-term green maritime fuels offtake contract
Masdar revealed the agreement on January 30, stating that the partnership aims to source, supply, and deliver green alternative fuels for CMA CGM’s dual-fuel vessels in the port of Abu Dhabi. The supply of alternative fuels will start in 2025 and follow the incremental phase-in of the vessels until 2028.
Additionally, Masdar and CMA CGM intend to continue to discuss extending their collaboration opportunities, potentially on green hydrogen and ammonia production.
As part of its commitment to reach net zero by 2050, CMA CGM has set ambitions for a 30% total emission reduction by 2030, compared to 2008, and an 80% emission reduction by 2040. To reach that ambition, the French company accelerates its energy transition, notably by integrating low-carbon fuels into its energy mix.
The cooperation with Masdar is expected 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.
On the other hand, Masdar aims to produce 1 million tons of green hydrogen by 2030, backed by the long-term commitment of the company’s shareholders, ADNOC, TAQA, and Mubadala.
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Source: Offshore Energy
