The MoU will see both parties combine their knowledge to prepare for stricter fuel regulations in the shipping industry, and to further reduce the sector’s footprint by developing solutions that make containerships even more environmentally friendly.
Total will support CMA CGM by becoming its multifuel supplier, providing the following range of solutions:
- Fuel oil with a 0.5% sulfur content.
- Fuel oil with a 3.5% sulfur content for vessels that feature exhaust gas cleaning systems or scrubbers, which reduce the polluting emissions before they are released into the atmosphere.
Patrick Pouyanné, Chairman and Chief Executive Officer of Total, said: “As a global integrated energy producer and provider present across the oil and gas value chain, we aim to offer our customers a range of multifuel solutions to meet their different needs.
“The new regulations require both marine fuel suppliers and shipping industry stakeholders to adapt quickly. That is why we are working hand in hand with CMA CGM, a long-standing partner.”
Accordingly, Total Marine Fuels – the group’s specialised affiliate – has been renamed Total Marine Fuels Global Solutions. In particular, this new organisation intends to become a major player in the LNG bunker market.
Rodolphe Saadé, Vice Chairman of CMA CGM, said: “With the signature of this MoU, CMA CGM is continuing the sustainable development process begun several years ago.
“The solutions offered by Total will enable us to further minimise the environmental impact of the Group’s activities and is a next step in building a more environmentally conscious shipping industry.”
Read the article online at: https://www.lngindustry.com/small-scale-lng/03022017/total-and-cma-cgm-sign-mou/