Masdar and CMA CGM sign strategic supply partnership

Abu Dhabi Future Energy Company PJSC - Masdar, one of the world’s leading renewable energy companies, and CMA CGM Group, a global player in sea, land, air and logistics solutions, have signed a Strategic Supply Partnership (SSP) which will explore the two companies entering long-term green maritime fuels offtake contracts to supply CMA CGM vessels.

The aim of the Partnership is to source, supply and deliver green alternative fuels for CMA CGM’s dual-fuel vessels, starting in 2025 and following the incremental phase-in of the vessels until 2028.

Masdar and CMA CGM will also continue to discuss extending their collaboration opportunities, potentially on green hydrogen and ammonia production.

Mohammad Abdelqader El Ramahi, Masdar Chief Green Hydrogen Officer, said, As a pioneer in advancing the clean energy sector and a key enabler of the UAE’s vision as a global leader in sustainability and climate action, Masdar’s ambition is to be one of the leading players in the development of green hydrogen globally. 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.”

Christine Cabau Woehrel, CMA CGM Group Executive Vice President in charge of Assets and Operations, added, “To CMA CGM, the importance of the energy mix lies in our desire to be at the forefront of innovation for sustainable shipping.”