Evergreen partners with Denmark’s CIP to Explore Green Fuels Production in Taiwan

Evergreen Marine, in order to meet its  net-zero by 2050 in line with the International Maritime Organisation’s GHG strategy, has signed a Memorandum of Understanding (MoU) with the Danish Copenhagen Infrastructure Partners (CIP), to explore the development and production of green fuels in Taiwan and help the shipping line to decarbonise its operations.

Copenhagen Infrastructure Partners is well-known for its activity in greenfield renewable energy to explore the opportunities for hydrogen-based marine fuel development.

Evergreen’s more than 200 vessels face challenges to meet its decarbonisation targets and is looking at a wide range of different fuel types. 

The carrier showed in its 2022 Corporate Sustainability report that it had achieved a 61.98% lower than the base year of 2008 performance for CO2 emissions. They cited also achieving a decrease of 22.4% in NOx emissions and a 22.1% decline in SOx emission rates in 2022 versus 2021.

The new cooperation with CIP will incorporate several aspects, including the production of e-fuels in Taiwan based on offshore wind. It will also explore a broader supply of green fuels, such as e-ammonia and e-methanol. 

“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 its 2050 net-zero goal,” said CIP Partner Felix Pahl. The company’s funds are currently involved with constructing and developing several offshore wind farms in Taiwan with strong ties to the Taiwanese industries and society.

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The partners noted that Taiwan has good conditions for offshore wind. With growing government support for decarbonization, they believe Taiwan has the potential to become a producer of future fuel types.