In Japan, Mitsui O.S.K. Lines, Ltd. announced that Twelve Benefit Corporation raised an additional $83 million in February, following the momentum of their $645 million funding announcement last fall. Twelve is backed by investments from MOL Switch LLC, MOL’s wholly owned subsidiary formed to invest in decarbonization technologies, which invested in Twelve in July 2024. […]
In Singapore, Mitsui O.S.K. Lines inked a wide-ranging memorandum of understanding with the Maritime and Port Authority of Singapore, committing to collaborate on decarbonization, digitalization, and workforce development across the maritime sector. The agreement aims to bolster efforts in reducing emissions through next-generation fuels like ammonia and hydrogen, improve voyage efficiency with digital tools, and […]
In Chile, HIF Global announced a strategic investment by Mitsui O.S.K. Lines to support the expansion of e-Fuels projects in the United States, Australia, Chile, and Uruguay. The amount of the investment by MOL was not disclosed. MOL’s investment is part of HIF Global’s $220 million equity funding raised in 2024. The collaboration adds to […]
In Japan, Mitsui O.S.K. Lines, in partnership with the Global Centre for Maritime Decarbonization and Yara Clean Ammonia, has successfully completed an ammonia ship-to-ship transfer trial of 4,000 cubic meters of ammonia between MOL’s LPG/ammonia carrier Green Pioneer and Navigator Gas’s Navigator Global at the Port of Dampier, Australia. The operation was designed to simulate […]
In Japan, Mitsui O.S.K. Lines (MOL) announced Japan’s first sustainability-linked lease agreement with Tokyo Century Corporation through its subsidiary MOL Chemical Tankers for the chemical tanker BONITA ANA. The lease agreement includes performance targets that, when met, will reduce lease payments, linking financial benefits to environmental achievements. Tokyo Century’s framework, utilizing a Japanese Operating Lease […]
In Japan, Mitsui O.S.K. Lines announced the signing of a memorandum of understanding (MOU) on the joint development of a synthetic fuel (e-fuel)/synthetic methanol (e-methanol) supply chain including CO2 marine transport with Idemitsu Kosan and HIF USA LLC and HIF Asia Pacific Pty Limited, subsidiaries of HIF Global, a global producer of synthetic fuels/synthetic methanol. […]
