{"id":76459,"date":"2024-01-31T00:00:00","date_gmt":"2024-01-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/01\/31\/masdar-and-cma-ggm-ink-green-fuels-supply-agreement\/"},"modified":"2024-01-31T00:00:00","modified_gmt":"2024-01-31T00:00:00","slug":"masdar-and-cma-ggm-ink-green-fuels-supply-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/01\/31\/masdar-and-cma-ggm-ink-green-fuels-supply-agreement\/","title":{"rendered":"Masdar and CMA GGM ink green fuels supply agreement"},"content":{"rendered":"

\n

SHIPPING + MARITIME-<\/p>\n

<\/strong>Masdar and CMA <\/strong>GGM<\/strong> explore green fuels partnership: <\/strong>UAE\u2019s Masdar has signed a Strategic Supply Partnership (SSP) with France\u2019s CMA GGM to explore the feasibility of striking up a long-term green maritime fuels offtake agreement to supply CMA CGM vessels, according to a statement<\/a>. Under the proposed partnership, Masdar will source, supply and deliver green fuels \u2014 includingbiomethane and e-fuels based on methane and methanol \u2014 for CMA CGM\u2019s dual-fuel vessels beginning from next year and incrementally phase-in the vessels until 2028.<\/p>\n

How many ships are we <\/strong>talking<\/strong>? <\/strong>CMA currently has 35 dual-fuel ships ready to use biofuels and e-fuels in its fleet with another 84 on the order books, the statement notes. The company plans to have 119 dual-fuel ships in operation by 2028.<\/p>\n

\n

\n

<\/strong>The <\/strong>UAE\u2019s Adnoc Gas has inked a 10-year LNG agreement to supply Indian natural gas <\/strong>company Gail India Limited<\/strong>with 0.5 mn metric tonnes per annum<\/strong>, Wam<\/a> reports. The agreement seeks to reinforce export ties between India and the Emirates as Adnoc expands into Asian LNG markets. The financials of the agreement were not disclosed. Adnoc Gas inked several LNG agreements in 2023, valued between USD 9.4 bn and USD 12 bn, with Japan Petroleum Exploration, Indian Oil Corporation, and PetroChina International, Wam notes.<\/p>\n

\n

RAIL-<\/p>\n

O<\/strong>man and Etihad Rail + Al Jazeera Steel Products partner on transport:<\/strong>Oman and<\/a>Etihad<\/a>Rail Company<\/a> (OER) \u2014 the developer and operator of the UAE-Oman Rail Network \u2014 has inked an MoU with Al Jazeera Steel Products<\/a> to partner on logistics solutions for the transport of raw materials and finished goods, according to a press release<\/a>. OER will use the UAE-Oman Rail Network to transport Al Jazeera\u2019s inbound and outbound products from its factories in Oman, according to the release. Each train will be able to carry up to some 15k tonnes of freight between five major ports, and 15 freight facilities across the UAE and Oman, the release states.<\/p>\n

The agreement falls in line with OER\u2019s vision to bolster cross-border trade activity between the two countries<\/strong>, OER Deputy CEO Mohammed Al Mahruqi said in the release. This will support linking manufacturing and production centers as well as import and export points, Mahruqi added. <\/p>\n

OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n