Evergreen Marine Corporation (Evergreen) and Copenhagen Infrastructure Partners (CIP) have signed a Memorandum of Understanding (MOU) to explore the production and usage of carbon-neutral e-fuels jointly. CIP has signed the MOU on behalf of its Energy Transition Fund.
With more than 200 container vessels deployed worldwide, Evergreen is amongst the 10 biggest container shipping companies globally. Decarbonisation of such an operation is a major undertaking and may require a range of different fuel types. Evergreen is teaming up with CIP to explore and potentially develop these.
The cooperation will have several aspects, including the production of e-fuels in Taiwan based on offshore wind and the exploration of a broader supply of green fuels such as e-ammonia and e-methanol. Taiwan plays a vital role in the global supply chains as a producer and container ship operator, controlling about 10% of the world’s container shipping fleet.
Taiwan has good conditions for offshore wind, and with growing government support for decarbonisation, it has the potential to become a producer of future fuel types. CIP is currently constructing and developing several offshore wind farms in Taiwan with strong ties to the Taiwanese industries and society.
CIP Partner Felix Pahl says: “ETF is the world’s largest fund dedicated to investing and developing advanced energy technology which supports the transition to renewable energy. CIP already has a strong footprint in Taiwan, and we look forward to working with Evergreen to further support Taiwan’s goal of realising the 2050 net zero goal.”
Evergreen states that its collaboration with CIP represents a further step in its strategy to achieve its carbon reduction goals. Aligned with the International Maritime Organization’s target for shipping net-zero carbon emissions, Evergreen aims to achieve this goal by 2050. The partnership with CIP will support Evergreen in exploring and developing the low-carbon fuel solutions required.
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