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 addition, MITSUI & CO., LTD., Development Bank of Japan Inc., Advantage Partners Pte. Ltd. and TGVP (Toppan Global Venture Partners, Inc.) have also invested in Twelve.
Tags: Japan, Mitsui O.S.K. Lines
Category: Fuels
