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MOL LAUNCHES ZERO EMISSION ALTERNATIVE FUEL PROJECT

Monday, August 5, 2019 

Mitsui OSK Lines (MOL) has joined the Carbon Capture & Reuse (CCR) Study Group, a Japanese initiative to derive zero-emission hydrogen-based fuels from renewable sources and industrial carbon emissions.

Within CCR, MOL is launching the 'Cross-industrial Working Group Related to Zero Emission Alternative Ship Fuels', which aims to reduce carbon dioxide (CO2) emissions in international shipping's value chains by using synthetic methane (methanation fuel) as an alternative to fossil fuel, the current mainstream fuel for merchant vessels. Synthetic methane is generated by methanation technology that combines CO2 with renewable energy-derived hydrogen.

In April 2018, IMO set the goal to reduce CO2 emissions by 40% per unit of transport by 2030, and total GHG emissions by 50% by 2050, compared to 2008, and to achieve zero GHG emissions as early as possible in this century.

MOL says that European countries, as well as Japanese power and gas companies, are paying increased attention to methanation fuel, a technology with the potential to realise zero emissions. MOL aims to introduce methanation fuel for ships and establish a supply chain by launching the working group, and will engage in study and promotion of the fuel in cooperation with other industries, other companies, and government agencies.

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