CMA CGM to Invest 200 Million Euros in New Carbon Emission Reduction Projects in the Shipping Industry

Written by Ruth Rodrigues

Published on 31/01/2023 at 13:00

Foto: CMA CGM

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The Company Launched a Public Call for Companies That Are Interested in Contributing to the Reduction of Carbon Emissions in the French Maritime Industry. CMA CGM Will Invest €200 Million in the Projects Over the Next Years.

The French multinational CMA CGM is focusing on the decarbonization scenario of the maritime industry. The company is preparing around €200 million in investments aimed at carbon emission reduction projects in the sector. It is inviting startups and new companies to contribute to its ventures in the field, aiming to accelerate the energy transition of the French market in the coming years.

Learn More About CMA CGM

CMA CGM Launches Public Call for Carbon Emission Reduction Projects in the Maritime Industry and Prepares for the French Energy Transition

The container shipping giant CMA CGM is preparing for the strong growth of the energy transition in the European market over the coming years.

It has launched a public call for carbon emission reduction projects in the operations of the sector, aiming for innovative initiatives for the field.

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The company has forecasted investments of €200 million to finance the most advantageous ventures from startups and new companies in the market.

The funding supports the €300 million that the French government is allocating for the development of zero-emission vessels.

The announcement of the new investments for low carbon emission projects was made by Rodolphe Saadé, chairman and CEO of the CMA CGM Group.

The project call is open to all companies in the French maritime industry that wish to accelerate the pace of carbon emission reductions in the following areas:

cargo transportation
tourism and cruising
fishing and seafood
infrastructure
maritime and nautical industries
renewable energies.

CMA CGM intends to select projects for the multimillion investments based on development viability, expected outcomes, and the impact they will have on the maritime industry.

Furthermore, the French operator stated that some of these projects may receive shared investments from the public sector and private operators and benefit from assistance from maritime industry experts.

This way, the country’s government and the company are joining forces to accelerate the reduction of carbon emissions in the sector.

Company’s Investment Initiative in Carbon Emission Reduction Projects in the Maritime Industry Will Receive Public Support

CMA CGM will receive support from the French State for the development of the initiative regarding the new projects for the maritime industry.

In collaboration with the French State Secretariat for the Sea and various public sector organizations involved in the France 2030 plan, the company will continue the initiative throughout 2023.

The special fund of CMA CGM, supported by a budget of US$ 1.5 billion over five years, has been allocated to new research and innovation projects in the French maritime industry.

The company has been heavily investing in decarbonization initiatives across sectors over the last few months.

For example, in June 2022, following in Maersk’s footsteps, CMA CGM placed its first order for vessels powered by methanol, aiming at reducing carbon emissions.

With the new investments planned for carbon emission reduction projects in the maritime industry, CMA CGM is preparing for an even cleaner future.

CMA CGM to Invest 200 Million Euros in New Carbon Emission Reduction Projects in the Shipping Industry

The Company Launched a Public Call for Companies That Are Interested in Contributing to the Reduction of Carbon Emissions in the French Maritime Industry. CMA CGM Will Invest €200 Million in the Projects Over the Next Years.

Learn More About CMA CGM

CMA CGM Launches Public Call for Carbon Emission Reduction Projects in the Maritime Industry and Prepares for the French Energy Transition

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Company’s Investment Initiative in Carbon Emission Reduction Projects in the Maritime Industry Will Receive Public Support

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CMA CGM to Invest 200 Million Euros in New Carbon Emission Reduction Projects in the Shipping Industry

The Company Launched a Public Call for Companies That Are Interested in Contributing to the Reduction of Carbon Emissions in the French Maritime Industry. CMA CGM Will Invest €200 Million in the Projects Over the Next Years.

Learn More About CMA CGM

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