Fundación Valenciaport to promote sustainable transport in the Mediterranean through the GreenMED project

The project will develop the ‘Sustainable Maritime Transport Observatory for the Mediterranean’, which will serve as a basis for the elaboration of decarbonisation plans.
GreenMED has a budget of nearly 1 million euros, co-financed by the European Executive Agency for Climate, Infrastructure and Environment.

Valencia, May 28th 2024.- Fundación Valenciaport has started work on the European environmental sustainability project GreenMED ‘Green Shipping Pathways Towards a Clean Energy Transition in the Mediterranean“.

The initiative, led by the National Technical University of Athens and in which Fundación Valenciaport participates, has a budget of nearly 1 million euros, co-financed by the European Maritime, Fisheries and Aquaculture Fund (EMFAF) programme of the European Executive Agency for Climate, Infrastructure and Environment (CINEA).

The aim of the project is to boost sustainable maritime transport in the Mediterranean basin by analysing the energy consumptions of the currently operating fleet and assessing transition scenarios towards a sustainable future.

GreenMED will assess regional ship energy demands, fuel supply chains in the Mediterranean basin and emerging technologies related to sustainable transport. In addition, it will analyse the deployment plans of sustainable fuel bunkering infrastructure aligned with the demand derived from the decarbonisation plans considered in the different countries of the Mediterranean region.

Finally, the online platform “Mediterranean Sustainable Shipping Observatory” (MSSO) will be developed, where the main results of the initiative will be interactively displayed.

For the development of the initiative, Fundación Valenciaport will lead the collection of technical, environmental and financial data, as well as the techno-economic analysis of the results. It will also be responsible for the development of the MSSO, which will present the results of the project in the form of best practices adapted to the needs of stakeholders and will serve as a basis for the development of a decarbonisation plan.

After the analysis of the Spanish case, the cluster companies will be able to know the impact that the decarbonisation of the maritime fleet will have on the bunkering infrastructure, as well as the supply possibilities in the different scenarios considered.

The GreenMED Consortium

In addition to the National Technical University of Athens and Fundación Valenciaport, three other entities participate in GreenMED: Cyprus Marine and Maritime Institute (CMMI), Marintrafik Opereisons Anonymi Etaireia Pliroforikis (MT) and the Arab Academy for Science, Technology & Maritime Transport.