MARSEILLE: February 02, 2017. Total is to be a multi-fuel supplier to CMA CGM under a three-year MoU that also includes developing solutions to reduce emissions in anticipation of stricter fuel regulations for ocean shipping.
Total will supply fuel oil to the container carrier with a sulfur content of 0.5 percent, or 3.5 percent for ships equipped with scrubbers that reduce emissions, plus liquid natural gas (LNG) that reduces CO2 emissions, eliminates sulfur oxide (SOx) and drastically decreases nitrogen oxides (NOx) and particulates.
Total said it had renamed its marine fuels subsidiary Marine Fuels Global Solutions in a bid to become a leading player in the LNG bunker market: "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 multi-fuel solutions to meet their different needs," said chairman and CEO Patrick Pouyanné.
"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," he explained.
Total is also the world's second-ranked solar energy operator via its U.S. energy company subsidiary, SunPower.
Commenting on the agreement CMA CGM vice chairman Rodolphe Saadé added: "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 minimize the environmental impact of the group's activities and is a next step in building a more environmentally conscious shipping industry."
Pictured left to right: Patrick Pouyanné, Total chairman and CEO and Rodolphe Saadé, CMA CGM vice chairman (Guillaume Perrin/Total)