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CMA CGM offers transition fund to startups for decarbonisation

Posted on by Future Fuels

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.

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