Potential offtaker

CMA CGM

www.cma-cgm.com

Estimated electricity consumption

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Countries of production presence

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CMA CGM S.A. is a French container shipping company that has been operating for over 40 years. The company was founded in 1978 by Jacques Saadé and is headquartered in Marseille, France. CMA CGM is one of the world's largest container shipping companies, with a fleet of over 500 vessels and a presence in more than 160 countries.

As a global leader in container shipping, CMA CGM is committed to reducing its carbon footprint and promoting decarbonisation in the shipping industry. The company has set ambitious targets to reduce its greenhouse gas emissions by 40% by 2030 and to become carbon neutral by 2050. To achieve these goals, CMA CGM is investing in new technologies and alternative fuels, such as liquefied natural gas (LNG) and biofuels.

In addition to its decarbonisation efforts, CMA CGM is also focused on corporate energy management and renewable energy. The company has implemented a number of initiatives to reduce its energy consumption and increase its use of renewable energy sources. For example, CMA CGM has installed solar panels on the roofs of its buildings and is using wind turbines to generate electricity at its port facilities.

CMA CGM is also exploring the use of corporate power purchase agreements (PPAs) to support the development of renewable energy projects. A corporate PPA is a contract between a company and a renewable energy developer, in which the company agrees to purchase a certain amount of electricity from the developer at a fixed price. By entering into a corporate PPA, CMA CGM can support the development of new renewable energy projects and reduce its reliance on fossil fuels.

Overall, CMA CGM is a forward-thinking company that is committed to reducing its environmental impact and promoting sustainable practices in the shipping industry. With its focus on decarbonisation, corporate energy management, and renewable energy, CMA CGM is leading the way towards a more sustainable future for the shipping industry.