MOL to work together with Chevron to reduce carbon intensity

Mitsui OSK Lines (MOL) has joined forces with Chevron Singapore to jointly develop marine fuels with lower carbon intensity.

The partnership will see joint studies carried out on next-generation fuels in various regions around the world including safety measures and legislation for lower-carbon efforts in the marine fuels sector.

As part of its decarbonisation goals, MOL has been exploring many alternative fuel projects, including ammonia, hydrogen, and methanol, while also developing its own hard sails and going after less conventional forms of energy, such as converting microplastics it picks up from the sea into energy resources similar to wood pellets and most recently liquefied bio-methane derived from cattle manure.

Chevron and MOL last year also teamed up to study the feasibility of transporting liquified carbon dioxide (CO2) from Singapore to permanent storage locations offshore Australia.