Taiwanese container ship owner Evergreen is to work with Copenhagen Infrastructure Partners on new fuels for its fleet.
The Taipei-listed company said decarbonising its 200 vessels is a “major undertaking”, so it is taking a major step toward net-zero emissions by 2050.
CIP is the world’s largest fund manager in greenfield renewable energy through its Energy Transition Fund.
The companies will now explore the production of fuels based on green hydrogen.
The project will include e-fuels like ammonia and methanol and the production of bunkers from electricity generated by offshore wind power capacity based in Taiwan.
“With more than 200 container vessels deployed around the world, Evergreen is amongst the 10 biggest container shipping companies globally,” the shipowner said.
“Decarbonisation of such an operation is a major undertaking and may require a range of different fuel types,” it added.
Taiwan has good conditions for offshore wind, the container line believes.
“With growing government support for decarbonisation, it has the potential to become a producer of the future fuel types,” the company said.
CIP is currently constructing and developing several offshore wind farms in Taiwan with strong ties to Taiwanese industries and society, Evergreen added.
Strong footprint in Taiwan
CIP partner Felix Pahl said: “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 realising [the] 2050 net-zero goal,” he added.
The cooperation deal was signed by Evergreen president Eric Hsieh and Copenhagen Infrastructure Service Co Taiwan’s managing director Marina Hsu.
Last year, CIP partnered with trading giant Trafigura to set up a new green ammonia bunkering venture in Norway.
The companies are also working with green hydrogen company Hy2gen on the plant in Sauda on the southwest coast called Iverson eFuels.
