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Evergreen and CIP partner to explore green shipping fuels

Evergreen and CIP partner to explore green shipping fuels
The Ever Ace A-class 24,000 TEU container vessel in Yantian on her maiden voyage in August 2021 (photo courtesy Evergreen).

Taiwan-headed global container shipping major Evergreen Marine Corporation (Evergreen) and Copenhagen Infrastructure Partners  P/S (CIP) have signed a Memorandum of Understanding (MoU) to jointly explore the production and usage of carbon-neutral electro-fuels (eFuels).

With more than 200 container vessels deployed around the world, Evergreen is amongst the 10 biggest container shipping companies globally.

Decarbonization of such an operation is a major undertaking and may require a range of different fuel types. To explore and potentially develop these, Evergreen is teaming up with CIP, which has signed the MoU on behalf of its Energy Transition Fund.

The cooperation will have several aspects including the production of electro-fuels (eFuels) in Taiwan based on offshore wind, but also 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 not only as a producer but also as a container ship operator, controlling about 10 percent of the world’s container shipping fleet.

Taiwan has good conditions for offshore wind and with a growing government support for decarbonization it has the potential to become a producer of the future fuel types. CIP is currently constructing and developing several offshore wind farms in Taiwan with strong ties to the Taiwanese industries and society.

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 are looking forward to working with Evergreen to further support Taiwan’s ambition of realizing 2050 net-zero goal, said Felix Pahl, Partner at CIP.

Evergreen states that its collaboration with CIP represents a further step in the company’s strategy to achieve its carbon reduction goals. Aligned with the International Maritime Organization’s (IMO) 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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