CMA CGM opens call for projects over US$200 million to accelerate decarbonisation of French shipping industry

MARSEILLE : CMA CGM Group announced a call, targeted at startups and businesses working on concrete solutions, for projects of approximately €200 million (US$218 million) to step up the pace of decarbonisation of the French shipping industry.

The decision was announced at the Assises de l’Économie de la Mer, which is a French maritime economy conference, by Rodolphe Saadé, Chairman and CEO of the CMA CGM Group.

The inititative, backed by CMA CGM Fund for Energies, includes the areas of shipping, tourism and cruising, fishing and seafood products, infrastructure, naval and nautical industries and renewable energies.

According to CMA CGM’s announcement, projects will be selected based on their concrete impact on the decarbonising of the French shipping industry, their maturity, and their economic feasibility.

Additionally, some projects may receive shared investments from the public sector and private operators and beneficiate from the assistance of shipping industry experts.