UAE’s Masdar to supply green fuel to French shipping firm

  • Date: 31-Jan-2024
  • Source: AGBI
  • Sector:Oil & Gas
  • Country:UAE
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UAE’s Masdar to supply green fuel to French shipping firm

Abu Dhabi state-owned renewable energy company Masdar has signed a strategic supply partnership (SSP) to explore long-term green alternative fuels for French shipping major CMA CGM Group’s vessels. The partnership aims to source, supply and deliver green alternative fuels, such as biofuels based on methane and methanol, for CMA CGM’s dual-fuel vessels in Abu Dhabi port from 2025 […]Abu Dhabi state-owned renewable energy company Masdar has signed a strategic supply partnership (SSP) to explore long-term green alternative fuels for French shipping major CMA CGM Group’s vessels.

The partnership aims to source, supply and deliver green alternative fuels, such as biofuels based on methane and methanol, for CMA CGM’s dual-fuel vessels in Abu Dhabi port from 2025 until 2028. 

The French company has 35 dual-fuel vessels in fleet and 84 in order.

The two companies will also continue to discuss developing their collaboration on green hydrogen and ammonia production.

“It is our belief that global maritime is one of the most strategic markets for green hydrogen and synthetic fuels are one of the fastest, most rewarding market segments. This agreement aligns with our ‘smart-first-mover’ approach to deliver projects with strategic partners in the UAE and across the world,” Masdar chief green hydrogen officer Mohammad Abdelqader El Ramahi said.

“Our goal is clear: to provide