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CMA CGM creates US$1.5bn fund for shipping energy transition

September 6, 2022
in News, Top News
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CMA CGM and PSA expand collaboration with new digital solutions to reduce carbon footprint

The fund will support the development of renewable fuels

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CMA CGM is creating a US$1.5bn Special Fund for Energies, aiming to accelerate its energy transition and achieve net-zero carbon by 2050.

The fund will invest to support the industrial production of new fuels, as well as low-emission mobility solutions across the company’s business base (maritime, overland and air freight shipping; port and logistics services; offices).

Is is meant to support a global innovation platform developed alongside large corporations, SMEs, start-ups, and the academic and scientific community.

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