Evergreen joins forces with CIP to explore hydrogen shipping fuels

To this end, Evergreen and CIP, on behalf of its Energy Transition Fund, have signed a memorandum of understanding (MoU) under which they will jointly explore the production and usage of carbon-neutral e-fuels.

The cooperation will have several aspects including the production of e-fuels in Taiwan based on offshore wind, but also the exploration of a broader supply of green fuels such as e-ammonia and e-methanol.

Taiwan has good conditions for offshore wind and with a growing government support for decarbonization it has the potential to become a producer of the future fuel types, the partners noted. CIP is currently constructing and developing several offshore wind farms in Taiwan with strong ties to the Taiwanese industries and society.

Evergreen stated that its collaboration with CIP represents a further step in the company’s strategy to achieve its carbon reduction goals. Aligned with the International Maritime Organization’s target for net-zero carbon emissions, Evergreen aims to achieve this goal by 2050.

Earlier this year, the shipping company took a step toward achieving this goal by ordering 24 methanol dual-fuel containerships.

The construction order was divided between industry major Samsung Heavy Industries (SHI), and Nihon Shipyard, a joint venture between Japan Marine United Corporation (JMU) and Imabari Shipbuilding Co., Ltd.

The newbuilding fleet is expected for delivery between 2026 and 2027.