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Cooperation agreement on biofuel development

CMA CGM and Maersk to join forces

by Port News Editorial Staff

Maersk and CMA CGM have signed a cooperation agreement aimed at achieving the decarbonization targets set by the IMO.

Although there is no mention of specific investments, they intend to work on developing high standards for alternative, sustainable, green fuels, including the analysis of the full life cycle and related greenhouse gases.

The companies then aim to define the framework for the mass production of green methane and green ethanol. They are also going to work on developing and maintaining  safety and bunkering standards for operating green methanol ships, as well as accelerating the transformation of key ports around the world to enable them to cater for the provision of bioethanol and perform bioethanol vessel refueling operations.

Furthermore, both shipping companies intend to jointly explore research and development activities that support the zero-emission target.

CMA CGM Group President and CEO Rodolphe Saadé said the partnership represented a milestone for the decarbonization of the shipping industry. He pointed out that combining the know-how and experience of the two leaders in the maritime transport sector, will accelerate the development of new solutions and technologies, enabling the sector  to meet its CO2 reduction targets. He looks forward to being joined by other companies.

A.P. Moller – Maersk CEO Vincenzo Clerc said his company intends to accelerate green transition in the shipping and logistics industry, and to do so, major commitment from partners throughout the industry is needed. “We are pleased to have an ally in CMA CGM and it is a testament that when we unite through determined efforts and partnerships, a tangible and optimistic path toward a sustainable future emerges.”

Translation by Giles Foster

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