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Engie and CMA CGM join forces to produce biomethane in Le Havre by 2029

The planned facility is expected to supply 7,000 tonnes of biomethane annually (equivalent to 100 GWh) to the shipping company's fleet starting in 2029. However, construction remains subject to a final investment decision, which Engie will make at the end of the development phase.


Engie and CMA CGM join forces to produce biomethane in Le Havre by 2029

Engie leads the project, CMA CGM enters as a minority shareholder

Engie and CMA CGM announced on Tuesday the signing of a framework agreement to develop a biomethane production facility in Le Havre's industrial and port zone. Engie will lead the project development, particularly its technical design and authorization procedures.

Subject to a final investment decision, Engie will subsequently oversee the construction and operation of the facility. CMA CGM will invest in the project as a minority shareholder, through Pulse, its fund dedicated to technologies and infrastructure related to decarbonizing its transport and logistics activities.

This agreement follows on from the partnership initiated by the two groups in 2021.

Biomethane transported via the European gas network

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The biomethane produced will be delivered to CMA CGM's fleet via the European gas network, within a certified traceability system for renewable gas volumes. It can be used by the shipping company's LNG-powered vessels without modifying engines or infrastructure.

According to the statement, this fuel reduces greenhouse gas emissions by at least 67% over its entire life cycle compared to conventional marine fuels. The volumes delivered are expected to avoid approximately 23,000 tonnes of CO₂ emissions annually.

The facility will transform waste from livestock farming, household organic waste, and agricultural residues. The process is also expected to produce 100,000 tonnes of digestate, usable as fertilizer by local farmers, and enable the recovery of 13,000 tonnes of biogenic CO₂ for commercial purposes.

Target of 10 TWh for Engie by 2035

Engie aims to achieve an annual biomethane production capacity of 10 TWh in Europe by 2035, compared to 1.2 TWh today, and states that this project will contribute to this objective. According to Catherine MacGregor, Engie's Chief Executive Officer, the agreement aims to develop solutions "enabling the decarbonization of sectors difficult to electrify".

For its part, CMA CGM targets carbon neutrality for all its activities by 2050. By 2030, more than 200 vessels in its fleet equipped with dual-fuel engines will be able to operate on biomethane, biomethanol, and synthetic fuels.

Rodolphe Saadé, Chief Executive Officer and President of CMA CGM, spoke of the ambition to "secure our access to renewable fuels". The two groups indicate that other initiatives are already under consideration in France and Europe.



Sector Utilities › Électricité intégrée


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 36 707 millions d'euros
  • Quarterly revenue: 36 707 millions d'euros
  • EBITDA: 7 858 millions d'euros
  • EBITDA margin: 21,4 %
  • Net income: 3 323 millions d'euros
  • Free cash flow: 6 900 millions d'euros
  • 54 922 millions d'euros
Guidance from the release
  • nous relevons notre guidance 2026 de résultat net récurrent part du Groupe

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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