Abu Dhabi clean energy company Masdar and CMA CGM Group have signed a partnership agreement for the long-term supply of green alternative fuels for the global logistics solutions provider's fleet of vessels.
The agreement aims to source, supply and deliver green alternative fuels for CMA CGM’s dual-fuel vessels in Abu Dhabi, starting in 2025 and as the vessels are phased in incrementally until 2028, Masdar said in a statement on Tuesday.
Masdar and CMA CGM will continue to discuss extending their collaboration opportunities, potentially on green hydrogen and ammonia production, it said.
“This agreement aligns with our 'smart-first-mover' approach to deliver projects with strategic partners in the UAE and across the world,” said Mohammad El Ramahi, Masdar's chief green hydrogen officer.
“Our 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."
The UAE, the Arab world’s second-largest economy, aims to reach hydrogen production of 1.4 million tonnes annually by 2031. The target is then to reach 15 million tonnes of annual production by 2050.
The country is planning to develop at least two hydrogen production plants, or oases, by 2031.
Masdar is working towards a renewable energy portfolio capacity of at least 100 gigawatts by 2030 and an annual green hydrogen production capacity of up to one million tonnes by the same year.
“Our goal is to offer reliable shipping services while reducing our environmental impact and actively contributing to a cleaner, more sustainable energy future for the marine industry,” said Christine Cabau Woehrel, CMA CGM's group executive vice president in charge of assets and operations.
CMA CGM Group said it is committed to the energy transition in the shipping industry and aims to achieve net zero by 2050. It plans to record a 30 per cent reduction in total emissions by 2030, compared with its levels in 2008, and an 80 per cent emission reduction by 2040.
To aid its plan, CMA CGM has been adding low-carbon fuels to its energy mix for a new generation of ships that can use biofuels and e-fuels based on methane and methanol, it said. The company currently has 35 duel-fuel ships and has ordered 84.
Masdar aims to produce one million tonnes of green hydrogen by 2030. The global liquid hydrogen market is estimated to reach $66.3 billion by 2032, from $39 billion in 2022, according to Allied Market Research.
Hydrogen, which can be produced from renewable energy and natural gas, is expected to become a critical fuel as economies and industries transition to a low-carbon world.
It comes in various forms, including blue, green and grey. Blue and grey hydrogen are produced from natural gas, while green hydrogen is derived from splitting water molecules through electrolysis.
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
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- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
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The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
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Torque: 1075Nm
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Investment: approximately $80 million
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Analysis
Maros Sefcovic is juggling multiple international trade agreement files, but his message was clear when he spoke to The National on Wednesday.
The EU-UAE bilateral trade deal will be finalised soon, he said. It is in everyone’s interests to do so. Both sides want to move quickly and are in alignment. He said the UAE is a very important partner for the EU. It’s full speed ahead - and with some lofty ambitions - on the road to a free trade agreement.
We also talked about US-EU tariffs. He answered that both sides need to talk more and more often, but he is prepared to defend Europe's position and said diplomacy should be a guiding principle through the current moment.
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Price, base / as tested Dh135,000
Engine 1.6L turbo
Gearbox Six speed automatic with manual and sports mode
Power 165hp @ 6,000rpm
Torque 240Nm @ 1,400rpm 0-100kph: 9.2 seconds
Top speed 420 kph (governed)
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