The Climate Investor Two (CI2) Development Fund (DF2) has approved development funding of USD 2 million to support the remaining preliminary and pre-production activities.
Climate Fund Managers (CFM), the manager of the CI2 facility, forecast that upon completion of the development phase the Spectainer project will represent an investment opportunity of USD 75 million to the CI2 Construction Equity Fund. The CI2 Facility which enjoys cornerstone support from the Dutch Fund for Climate and Development (DFCD), is mandated to invest in Water, Sanitation, and Oceans projects in the emerging markets. Spectainer will join the growing list of projects with a marine focus under development by CI2, including the Kelp Blue seaweed cultivation project, the Damen ballast water treatment project, and the OFC marine ecosystem protection project.
Targeting Inefficiencies in Global Shipping
Already costing the industry an estimated USD 30.1 billion every year, the global logistical challenge of handling and managing empty shipping containers continues to grow as shipping volumes increase worldwide. In many regions the situation has now escalated to the extent that the spaces designated for empty containers have reached capacity, forcing vessels to be chartered simply to move empty containers between the available storage spaces.
Spectainer is driving an evolution in global trade by developing and producing technologies that generate better operational efficiencies, better economic savings and better environmental benefits. Centred on its patented collapsible shipping containers, COLLAPSECON, Spectainer’s next-generation shipping container ecosystem is specifically designed to reduce the impact of empty container across the global supply chain.
The forecasted CI2 Construction Equity Fund opportunity of USD 75 million will represent the single largest investment ever in collapsible container technology. The construction of the first fleet of COLLAPSECON containers is focused on enabling the roll out of a collapsible container fleet at scale.
Generating Social and Climate Impact
While a shipping container as an asset does not generate a direct environmental impact, they do generate significant in-direct impacts throughout their role in the supply chain. Additional distribution, handling and storage all add unnecessary CO2 emissions.
The introduction of collapsible container technology will improve operational efficiencies, saving excess annual transport, handling and storage requirements, as well as significantly contributing to long-term sustainability across the industry. As both the shipping industry and shippers seek more sustainable supply chains, collapsible containers are at the fore front of delivering real long-term environmental benefits.
It is estimated that following the construction phase Spectainer will generate up to 200 jobs at manufacturing sites in emerging markets, with up an estimated 90 additional jobs at local ports. Furthermore, the project is forecast to have a significant environmental impact avoiding approximately 84,890 TCO2-e per year.
Spectainer’s Managing Director Nicholas Press said: “Over the past 12 months, global supply chain disruptions throughout the COVID-19 pandemic and the Suez Canal blockage have resulted in unprecedented levels of container fleet pooling in certain regions like Australia, the United States and Europe. The shipping sector is growing, but this growth also amplifies the issue of empty containers”.
“The investment in Spectainer represents an opportunity for CI2 to meet the growing demand for innovative sustainable solutions in global green ports and shipping. The patented COLLAPSECON technology proves that sustainability and efficiency can come hand in hand” stated Head of Asia for CFM, Nathan Schmidt.
Spectainer Pty Ltd (www.spectainer.com) is accelerating an evolution to better trade by developing and producing specialised and integrated solutions that enable better operational efficiency, better economic savings, and better environmental benefits.
About Climate Fund Managers
CFM is a leading blended finance fund manager dedicated to securing a sustainable future through investing across global emerging markets. CFM has a long-term vision to structure cutting edge financing facilities around thematic areas of climate change mitigation and adaptation, including renewable energy, water, sanitation and oceans, sustainable land use and sustainable cities. Established in 2015, CFM is a joint venture between the Dutch development bank FMO and Sanlam InfraWorks – part of the Sanlam Group of South Africa.
Climate Investor Two (CI2) is a financing facility mandated to invest in water, sanitation and ocean infrastructure projects in emerging economies. CI2 will follow the proven ‘whole-of-life’ financing methodology of Climate Investor One (CI1), which has been acclaimed for its approach to risk mitigation and private sector capital mobilization. CI2 similarly makes use of
public sector capital deployed alongside commercial funding. A recent commitment from the EU brings CI2‘s assets under management to EUR ~95 million. CI2 also enjoys cornerstone support from by the Dutch Fund for Climate and Development (DFCD). The consortium that manages the EUR 160 million DFCD also includes CFM, World Wide Fund for Nature Netherlands (WWF-NL), Netherlands Development Organisation (SNV) and Entrepreneurial Development Bank, FMO.
About The DFCD
The Dutch Fund for Climate and Development (DFCD) enables private sector investment in projects aimed at climate adaptation and mitigation in developing countries. The Dutch Ministry of Foreign Affairs has made 160 million euros available to increase the resilience of communities and ecosystems most vulnerable to climate change. The DFCD is managed by a pioneering consortium of Climate Fund Managers (CFM), World Wide Fund for Nature Netherlands (WWF-NL) and SNV Netherlands Development Organisation, led by the Dutch Entrepreneurial Development Bank, FMO. The DFCD forms an important additional instrument for the Dutch government’s efforts in contributing to the Paris Agreement and the Sustainable Development Goals (SDGs). For more information, please visit: https://www.thedfcd.com/
Use the arrows below to visualise the Spectainer COLLAPSECON as it completes the folding process