MOL collaborates with Shell to decarbonise maritime industry

Japanese shipping company Mitsui O.S.K. Lines (MOL) has partnered with Shell Marine Products Singapore - a unit of Shell Eastern Trading - to jointly work to advance maritime decarbonisation efforts.

PHOTO: MOL’s executive officer Kazuhiro Takahashi (left) and Shell Marine’s president Melissa Williams (right) at the deal signing ceremony. MOL

As part of the deal, both companies will jointly “conduct trials to explore the viability of bio- and synthetic fuel options as realistic decarbonisation pathways” and “explore the effectiveness of these fuels in the context of carbon markets,” MOL says.

Both parties will utilise “their unique perspectives as a fuel supplier and shipping company to navigate choices in the development of green future marine fuels,” MOL adds.

The partnership will also aid the companies in exploring and understanding regulatory measures better.

“With this MoU, we will focus on joint studies in understanding the impact from different regulatory environments as well as exploring possible pathways for the successful decarbonisation of the shipping industry,” Shell Marine’s president Melissa Williams says.

By Tuhin Roy

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