Marseilles-based CMA CGM has launched a call for projects from companies working to help France’s maritime industry accelerate its decarbonization.
A total of €200 million (US $218m) has been earmarked for the projects. The funding is backed by the CMA CGM Fund for Energies, which was established last year to support the production of alternative fuels as well as low-emission technologies. The fund will commit a total 1.5 billion euros over five years.
The French shipping enterprise has pledged to be Net Zero Carbon by 2050.
The call for projects is open to all “blue economy” startups and businesses operating in France and its overseas territories, including in the areas of shipping, tourism and cruising; fishing and seafood products; infrastructure; naval and nautical industries; and renewable energies.
The carrier said projects will be selected based on their concrete impact on the decarbonization of the French shipping industry, their maturity and their economic feasibility.
“Some of them may receive shared investments from the public sector and private operators and beneficiate from the assistance of shipping industry experts to give them every chance of success,” CMA CGM indicated.
CMA CGM will be taking applications starting on January 30. More details can be found here: https://decarbonation.cma-cgm.com/page-accueil
(CMA GGM vessel in Singapore)