French energy group Engie (ENGIE.PA), opens new tab said it plans to develop a biomethane production facility in northern France with shipping firm CMA CGM, supporting the carrier's transition to lower-emission fuels.
According to Reuters, financial terms of the project, in which CMA CGM will be a minority shareholder, were not disclosed.
Under a preliminary agreement, Engie will develop a plant near the port of Le Havre to produce 7,000 metric tons of biomethane annually, equivalent to 100 gigawatt-hours (GWh). The partners aim to begin production by 2029/2030, using agricultural and other organic waste, to supply CMA CGM through a mass-balance equivalent contribution
Engie and CMA CGM had previously planned to produce 11,000 tons of biomethane a year at Le Havre in a €150 million ($167.84 million) project using wood waste, before dropping the plans.
