CMA CGM has initiated a call for projects targeted at startups and businesses working on solutions to step up the pace of decarbonisation within all areas of the French shipping sector.
The company is offering €200m ($218.2m) out of its $1.5bn energy transition fund to all companies operating in the maritime industry in mainland France and the French overseas territories. The call for projects includes shipping, tourism and cruising, fishing and seafood products, infrastructure, naval and nautical industries and renewable energies.
CMA CGM said projects will be selected based on their concrete impact on the decarbonising of the French shipping industry, their maturity and their economic feasibility.
The five-year “Fund for Energies” was created by Rodolphe Saadé in September 2022 with the aim to accelerate CMA CGM’s energy transition in order to achieve net zero carbon by 2050.
Recent Posts
Ammonia
Reliance Industries Limited (RIL) has signed a binding long-term supply and purchase agreement (SPA) with Samsung C&T Corporation for the export of green ammonia over a 15-year period.
Bunkering
Ofiniti Raises $6.8 Million to Scale Digital Bunkering Platform for Global Shipping
Hydrogen
Hefring Marine and Ecomar Propulsion partner to deploy monitoring system on hydrogen-electric vessel