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CMA CGM Announces €200 Million in Decarbonization Funding

The LNG-powered CMA CGM Jaques Saad in Singapore, October 12, 2020. Photo courtesy CMA CGM

CMA CGM Announces €200 Million in Decarbonization Funding

Mike Schuler
Total Views: 1898
January 30, 2023

French shipping group CMA CGM has launched a call for projects from companies working to help the maritime industry accelerate its decarbonization.

A total of €200 million will be made available for the projects. The funding is backed by the CMA CGM Fund for Energies, the R&D fund launched by CMA CGM last year to support industrial production of alternative fuels as well as low-emission technologies to help decarbonize the shipping sector. The fund will commit a total €1.5 billion over five years.

CMA CGM has 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.

CMA CGM will be taking applications starting on January 30. More details can be found here:

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