A Memorandum of Understanding (MoU) signed by TotalEnergies and Columbia Shipmanagement (CSM) will initially see the companies partner on developing a lube oil monitoring, optimization and supply platform. It will utilize the existing capabilities of CSM’s Performance Optimization Control Room (POCR). Going forward CSM and TotalEnergies will also designate existing resources towards development into alternative propulsion systems and marine fuel systems as well as environmentally friendly waste management services.
They will also dedicate resources to explore the potential of renewable energy projects in various locations.
“We share with CSM a strong determination to promote the energy transition and we want to capitalise on our respective expertise to accelerate it,” said Philippe Charleux, SVP lubricants & specialties marketing & services of TotalEnergies. “This partnership is fully in line with our objective to reduce our carbon emissions and to support our customers on the same path by offering and developing with them innovative solutions.”
“We look forward to working with TotalEnergies on our joint mission to contribute innovative, environmentally friendly and profitable solutions for all parties,” said Mark O’Neil, president and CEO of CSM. “TotalEnergies’ experience in the renewable energy field is vast and we are very excited about using our extensive knowledge of the maritime sector to complement their endeavors. Efforts to investigate lube oil optimization strategies, renewable technologies and opportunities highlights both TotalEnergies’ and CSM’s commitment to creating long-lasting and cost-effective renewable technology solutions on the world stage.”