According to Evergreen, the cooperation will have several aspects including the production of e-fuels in Taiwan based on offshore wind, as well as the exploration of a broader supply of green fuels such as e-ammonia and e-methanol.
Evergreen states that Taiwan has good conditions for offshore wind, and that together with growing government support for decarbonization, it has the potential to become a producer of the future fuel types.
As regards CIP, it is currently constructing and developing several offshore wind farms in Taiwan, with Evergreen stressing the company’s “strong ties to Taiwanese industries and society”.
Commenting on the MoU, CIP Partner Felix Pahl said:
“ETF is the world’s largest fund dedicated to investing and developing advanced energy technology which supports the transition to renewable energy. CIP already has a strong footprint in Taiwan, and we are looking forward to working with Evergreen to further support Taiwan’s ambition of realizing 2050 net zero goal.”
Evergreen states that its collaboration with CIP represents “a further step in the company’s strategy to achieve its carbon reduction goals”, which are aligned with the International Maritime Organization’s target for shipping of net-zero carbon emissions by 2050.