French shipping heavyweight CMA CGM is doubling down on renewable fuels, announcing a minority investment in US-based Vanguard Renewables through its PULSE energy fund. As reported by Splash 247, the deal will secure long-term volumes of renewable natural gas (RNG), also known as bio-LNG, for the Marseille-based carrier.
Vanguard operates anaerobic digesters that transform food and farm waste into green energy. Under the agreement, the company will dedicate up to four projects specifically to CMA CGM’s fuel needs. CEO Michael O’Laughlin called the collaboration a milestone in helping the maritime industry move toward lower emissions, aligning with the IMO’s new net-zero framework.
This is not CMA CGM’s first foray into biomethane. The company previously co-invested with ENGIE in the Salamander project in Le Havre, aiming for 200,000 tonnes of renewable gas annually by 2028.
