MOL And KEPCO To Study CO2 Ocean Transport For Development Of CCS Value Chain
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto; Head Office: Minato-ku, Tokyo) and The Kansai Electric Power Co., Inc. (KEPCO; President: Nozomu Mori; Headquarters: Osaka-shi, Osaka) today announced the signing of a Memorandum of Understanding (MoU) for a study of marine transportation for the development of a Carbon dioxide Capture and Storage (CCS) value chain.
CCS is expected to be one of the most effective solutions to realize a low-carbon/decarbonized society. Based on the MoU, MOL and KEPCO will collaborate on the development of a CCS value chain consisting of separation, capture, transportation, injection and storage of CO2 emitted from KEPCO’s thermal power plants, both companies will study marine transport of liquefied CO2 to potential storage sites.
MOL set out its plan to achieve net zero GHG emissions by 2050 through concerted group-wide efforts in “MOL Group Environmental Vision 2.1.” Through the MoU, MOL Group will further accelerate its efforts in the liquefied CO2 transport business to contribute to the realization of a low-carbon/decarbonized society.
[MOL Group 5 Sustainability Issues]
MOL Group will contribute to realizing a sustainable society by promoting responses to sustainability issues, which are identified as social issues that must be addressed as priorities through its business.
We anticipate this initiative to contribute especially to the realization of “Safety & Value-Provide added value through safe transportation and our social infrastructure business-” ,”Environment -Conservation for Marine and global environment-” and “Innovation -Innovation for development in marine technology-“.
Reference: MOL
Shipping News You Would Like:
Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Do you have info to share with us ? Suggest a correction
Latest Shipping News You Would Like:
Indian & U.S Navies Discuss Ways to Expand Maritime Security Cooperation
Philippines Accuses China Of Installing A Floating Barrier In The Disputed South China Sea
Insurers Of Burnt Ship X-Press Pearl Make Interim Payment To Sri Lanka For Cleanup
Firefighters Save Burning Container Ship Off The Cape Coast
Teenage Girl Found Hiding On Ship Sailing To Africa 12 Days After Disappearance
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.