European Commission set for €422m clean fuel infrastructure investment

The European Commission is directing €422 million toward 39 projects under the Alternative Fuels Infrastructure Facility with a strong focus toward expanding clean fuel infrastructure, including maritime applications. Key investments include onshore power supply in ports, hydrogen refuelling, and infrastructure for ammonia and methanol as next-generation marine fuels.

Testament to the clean fuel sector’s long-term viability

Commissioner Apostolos Tzitzikostas emphasized the role of these projects in accelerating decarbonization and supporting the transition to zero-emission shipping. The funding aligns with the EU’s broader push to scale up clean fuel production, as highlighted in the Draghi Report.

For investors in ammonia-fuelled shipping, these developments reinforce the sector’s long-term viability. European Maritime Finance has a current portfolio of 3 VLAC’s, standing to benefit from this initiative.