Evergreen links up with Danish energy investor CIP on green shipping fuels

Taiwanese liner Evergreen has teamed up with Danish fund manager Copenhagen Infrastructure Partners to jointly explore the production and use of carbon-neutral e-fuels.

A memorandum of understanding between the world’s seventh largest liner and CIP, on behalf of its Energy Transition Fund, covers cooperation on several aspects, including the production of e-fuels in Taiwan based on offshore wind and the exploration of a broader supply of green fuels such as e-ammonia and e-methanol. 

CIP is currently constructing and developing several offshore wind farms in Taiwan, with strong ties to the country controlling about 10% of the world’s container shipping fleet.

Evergreen has over 200 ships on the water and a large orderbook of around 70 newbuilds, including 24 methanol dual-fuel 16,000 teu vessels. 

CIP said decarbonisation of such an operation is a major undertaking and may require a range of different fuel types. A partnership with CIP is expected to support Evergreen in exploring and developing the low-carbon fuel solutions required on its path towards net zero by 2050. 

CIP manages ten funds and has to date raised around €25bn for investments in, amongst other things, offshore and onshore wind, solar PV, biomass and energy-from-waste, and Power-to-X from more than 150 international institutional investors. 

Commenting on the partnership with Evergreen, 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 2050 net zero goal.”