Mitsui OSK Lines (MOL) recently participated in the First Movers Coalition (FMC) , which was established to boost demand for decarbonisation technology, at the World Economic Forum Davos Agenda.
MOL is the first Japanese company to take part in FMC, a platform aimed at helping governments and major global companies cooperate to launch technologies needed to achieve net zero emissions by 2050 and enhance cost competitiveness. Through the NextGen carbon dioxide removals (CDR) facility, which was announced prior to its participation in FMC, MOL is committed to purchasing at least 50,000t of verified CDR by the end of 2030.
MOL President and CEO Takeshi Hashimoto was invited to serve as a panelist at a session on Accelerating Shipping Decarbonisation and the Global Transition, organized by the Global Maritime Forum and Yara International, at the Davos meeting. With partners that form supply chains, Hashimoto reiterated MOL’s commitment to proactively adopt clean alternative fuels for decarbonisation of ocean shipping.
MOL established its MOL Group Environmental Vision 2.1 in June 2021 as a guide to realisetion of a sustainable society, and is committed to adopting clean alternative fuels, promoting wider adaptation of negative emissions, and achieving net zero GHG emissions, as a pioneer among Japanese ocean shipping companies.
