MOL Group company MOL Plus is to invest in Pyxis Maritime, a Singapore-based developer and manufacturer of electric vessels and operator of charging stations.
As part of Singapore’s national aim to achieve net zero by 2050, from 2030 onward all new harbour craft operating in the Port of Singapore will have to be fully electric, be capable of using B100 biofuel, or be compatible with net zero fuels such as hydrogen.
MOL Plus aims to accelerate the implementation and commercialisation of electric vessels, and related charging infrastructure together with Pyxis. As an investor in Pyxis, MOL Plus will support the development of the company’s technology and business, and facilitate opportunities for business collaboration, drawing on resources within and outside the MOL Group. Beyond capital, the partnership is said to reflect accelerating industry alignment around electrification, bringing together start-up-driven innovation with operational expertise in shipping, ports and fleet management.
MOL Plus continually works to generate synergetic effects based on start-up companies’ innovative ideas and technologies and MOL Group’s resources, aiming to create new businesses plus new value to the ocean shipping industry.
Image: Agreement signing ceremony onboard a Pyxis electric vessel (source: MOL Plus)
