MOL joins FMC to boost decarbonization

Mitsui O.S.K. Lines, (MOL) has announced that it has joined the First Movers Coalition (FMC) with an aim to to boost demand for decarbonization technology. MOL is the first Japanese company to take part in FMC.

FMC was established to boost demand for decarbonization technology. It is a platform that has an objective to help governments and major global companies cooperate to launch technologies needed to achieve net zero emissions by 2050 and enhance cost competitiveness.  

Through the NextGen CDR Facility, which was announced prior to its participation in FMC, MOL is committed to purchasing at least 50,000 tons of verified carbon dioxide removals (CDR) by the end of 2030.