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Masdar and CMA GGM explore green fuels partnership: UAE’s Masdar has signed a Strategic Supply Partnership (SSP) with French shipping and logistics company CMA GGM to explore the feasibility of striking up a long-term green maritime fuels offtake agreement to supply CMA CGM vessels, according to a statement. Under the proposed partnership, Masdar will source, supply and deliver green fuels — includingbiomethane and e-fuels based on methane and methanol — for CMA CGM’s dual-fuel vessels beginning from next year and incrementally phase-in the vessels until 2028.
How many ships are we talking? CMA currently has 35 dual-fuel ships ready to use biofuels and e-fuels in its fleet with another 84 on the order books, the statement notes. The company plans to have 119 dual-fuel ships in operation by 2028.
And there’s more: The two companies will also continue discussions on collaboration in green hydrogen and ammonia production, the statement notes.
REMEMBER- AP Moller Holding estimates that global demand for methanol could triple to about 300 mn tons a year by 2050 partly on the back of efforts to decarbonize the shipping industry, which accounts for 2.9% of global greenhouse gas emissions. Methanol is synthesized and distilled using hydrogen, CO2, and water vapor.
Masdar is readying the supply: Masdar signed a strategic joint development and investment framework agreement with France’s Hy24-managed Clean Hydrogen Infrastructure Fund in December with aim of setting up an all encompassing clean energy production value chain from renewables, to green hydrogen and its derivatives including green ammonia, e-methanol, sustainable aviation fuel, and liquid hydrogen to boost large-scale green fuels production projects globally. Masdar recently signed similar agreements with other shipping and transport players including the Port of Amsterdam and Daimler Truck.
AND- CMA is stepping up green fuels investments: Back in 2022, the company launched a five-year, USD 1.5 bn fund to drive its energy transition, aiming to invest in among other sectors, the alternative fuels, port terminal decarbonization industries.
