The CMA CGM Group has launched a call for projects targeted at startups and businesses working on concrete solutions to step up the pace of decarbonization within all areas of the French shipping industry.

The French shipping line said a total of €200 million for all companies operating in the maritime industry in mainland France and the French overseas territories would be available. 

"This call for projects is open to all startups and businesses wanting to step up the pace of decarbonizing the 'blue economy' in mainland France and the French overseas territories," CMA CGM said.

Businesses could be in the field of shipping, tourism and cruising, fishing and seafood products, infrastructure, naval and nautical industries, and renewable energies.

CMA CGM said projects would be selected based on their concrete impact on the decarbonizing of the French shipping industry, the maturity of the projects and the economic feasibility.

Some of them may receive shared investments from the public sector and private operators and beneficiate from the assistance of shipping industry experts to give them every chance of success.

The CMA CGM Group opened the platform on January 30, 2023, in collaboration with the French State Secretariat for the Sea and the various public actors involved in the France 2030 plan.

The Fund for Energies was created by Rodolphe Saadé in September 2022, providing €1.5 billion over five years, and aims to accelerate its energy transition in order to achieve Net Zero Carbon by 2050.

This fund invests in supporting the development and generation of renewable energies, stepping up the pace of decarbonizing industrial facilities across all of the Group's activities, and promoting innovative projects and low-emission mobility solutions.