French oil major TotalEnergies and vessel manager Columbia Shipmanagement (CSM) are collaborating on the transition to clean energy.
The two sides have signed a memorandum of understanding to explore opportunities to decarbonise transport, with a particular focus on a "green revolution" in shipping.
The companies have not yet gone into great detail about how this will be achieved, but said TotalEnergies will draw on Schoeller-owned Columbia's decade of vessel operating experience.
This will be combined with the oil major's experience in "cutting-edge" green technologies in the energy industry, they added in a statement.
The first step is to develop a partnership working on a lube oil monitoring, optimisation and supply platform using the existing capabilities of the ship manager's performance optimisation control room.
They are also committed to increasing synergies in sustainability and innovative climate technologies.
The companies will designate existing resources into coming up with alternative propulsion systems and marine fuel systems, as well as environmentally friendly waste management services.
And the potential of renewable energy projects will be explored worldwide.
Philippe Charleux, senior vice president of lubricants and specialties marketing and services at TotalEnergies, said his company and CSM share a determination to promote energy transition.
"We want to capitalise on our respective expertise to accelerate it," he said.
Mark O’Neil, chief executive at Columbia, added that the companies have a joint mission contribute innovative, environmentally-friendly and profitable solutions for all parties.
"TotalEnergies’ experience in the renewable energy field is vast and we are very excited about using our extensive knowledge of the maritime sector to complement their endeavours," he said.
