CMA CGM has announced a strategic partnership with US-based Vanguard Renewables, a leading company in the renewable energy industry.
The French shipping giant is going to invest resources from its PULSE energy fund to secure long-term access to renewable biogas produced from agricultural and organic food waste.
On behalf of the Marseille-based company, Vanguard will be responsible, in particular, for the production of biomethane or bio-LNG.
Vanguard Renewables works with food and beverage manufacturers and retailers to convert organic waste from landfills into renewable energy. The company is a portfolio company of Global Infrastructure Partners (GIP), part of BlackRock.
“We see this pioneering collaboration as a key step in supporting the maritime sector, as the global industry takes a bold step towards improving emissions,” said Vanguard CEO Michael O’Laughlin.
Translation by Giles Foster
