CMA CGM CGM Group has signed a landmark Green Methanol Long-Term Supply Cooperation Agreement with SIPG Energy and Shanghai Electric Group today（20th march）! This strategic partnership marks a major step toward building a sustainable green methanol supply chain and accelerating the energy transition in global shipping.
Key Highlights of the Agreement:
Green Methanol Supply: Shanghai Electric Group will provide mid-to-long-term green methanol fuel for CMA CGM.
Sustainable Logistics: SIPG Energy will facilitate the transportation of green methanol from its production base in Taonan to Shanghai Yangshan Port, the world’s largest container port.
Accelerating Decarbonization: This partnership will help establish Shanghai as a regional green methanol bunkering hub, reinforcing its role as a leader in sustainable maritime trade.
CMA CGM committed to achieving Net Zero-Carbon by 2050, and this collaboration is a significant milestone in our journey toward a greener future. Just last month, the first dual-fuel methanol-powered vessel , CMA CGM IRON, with a capacity of 13,000 TEUs, set sail – the first of 12 new dual-fuel methanol vessels planned for our fleet.
Farid Trad, VP of Bunkering & Energy Transition, CMA CGM Group, commented:
"At CMA CGM, we take a proactive approach to tackling clean fuel challenges. Our partnership with SIPG and Shanghai Electric Group strengthens our commitment to energy transition and represents another major step toward our Net Zero-Carbon ambition for 2050."
This agreement is more than just a collaboration – it’s a bold commitment to shaping the future of sustainable shipping.
by Xinde Marine News Chen Yang
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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