MOL Launches BLUE ACTION NET-ZERO ALLIANCE To Cut Shipping Emissions

Aiming to achieve net zero emissions, Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) announced the launch of a new program, BLUE ACTION NET-ZERO ALLIANCE.

This program contributes to reducing the Scope 3 GHG emissions of actual shippers and NVOCCs that use ocean transport services by continually offering and enhancing low-emission marine transportation services using alternative fuels through co-creation with marine transportation-related stakeholders.

In February 2024, MOL became the first shipping company in the Asia-Pacific region to issue the environmental attributes certificates (EACs) of low-emission voyages using alternative fuels tradable on a platform built in collaboration with the Dutch startup 123Carbon B.V.

Since then, MOL has established a system that can ensure operations from implementing low-emission voyages using alternative fuels in the MOL Group-operated fleet, to issuing EACs and allocating them to customers.

In addition, the MOL executed transactions with three major NVOCCs for the issued EACs: NIPPON EXPRESS HOLDINGS, INC., C.H. Robinson Worldwide, Inc. and MOL Logistics Co., Ltd. These factors led to the launch of this program.

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