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CMA CGM and SUEZ sign biomethane deal

[ October 22, 2024   //   ]

CMA CGM Group has signed a memorandum of understanding with waste management firm SUEZ to develop biomethane as a fuel for shipping in Europe. SUEZ will supply up to 100,000 tonnes of biomethane per year by 2030 which will be be used by CMA CGM in its gas-powered ships. The MoU also envisages the creation of a joint investment structure with an initial funding of €100 million for a first stage by 2030 to develop biomethane production facilities in Europe to supply both CMA CGM Group and other players in the sector.Joint research and development will also create new technologies for the production of biofuels, in particular via a hydrothermal gasification process.

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