The project is part of a joint development study on ammonia fuel supply chain in
MOL and ITOCHU jointly designed the ammonia bunkering vessel in cooperation with
Marine engine manufacturers around the world are working to develop an ammonia-fueled engine. Delivery of the first ammonia-fueled vessel is expected in the late 2020s at the earliest. The ammonia bunkering vessel, which we jointly developed, will supply these next-generation-fueled vessels.
Ammonia is in the spotlight as a promising next-generation clean energy source that produces no carbon dioxide (CO2) during combustion. MOL is working to develop ammonia-fueled vessels and create an ammonia transport business, in the hopes of launching net zero emission ocean-going vessels during the current decade and achieving net zero greenhouse gas (GHG) emissions by 2050, (Note 3) as stated in the 'MOL Group Environmental Vision 2.1.' (Note 4) At the same time, MOL will contribute to the reduction of GHG emissions not only in our group business but also in society through initiatives such as the development of an ammonia fuel bunkering vessel that supplies ammonia fuel to other vessels and establishing an ammonia supply chain (Note 5).
(Note 1) Please refer to
MOL joined joint development study on ammonia fuel supply chain in
(Note 2) Hazard Identification Study (HAZID): A risk evaluation/management method in which experts discuss the scale and occurrence frequency of the system's potential risk to ensure sufficient system-wide safety.
(Note 3) MOL Group Environmental Vision 2.1 | Environment | Sustainability |
(Note 4) Please refer to the following press releases related to ammonia-powered vessel and ammonia transport business:
(Note 5) Please refer to
MOL, Origin Energy Sign Memorandum of Understanding for Joint Study of
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