TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced the signing of a collaboration agreement with the Nagasaki Prefecture Department of Industrial and Labor Affairs to develop and promote renewable energy projects and shipbuilding-related industries in the prefecture.
In October 2021, the Japanese government announced the goal of achieving carbon neutrality on a national scale by 2050 (Note 1), and the entire world is accelerating the move toward decarbonization. In the future, Nagasaki Prefecture is expected to promote the construction of more environment-friendly vessels and make advances in renewable energy by utilizing marine and wind energy.
Meanwhile, in June 2021, MOL announced the “MOL Group Environmental Vision 2.1.,” which aims to achieve group-wide net zero greenhouse (GHG) emissions by 2050 through five strategies. The company is not only taking steps to reduce GHG emissions, including equipping vessels with the Wind Challenger (Note 2), but also working with Nagasaki Prefecture to develop a supply chain for renewable energy in Japan and overseas. Through this partnership, the MOL Group will promote improved fuel efficiency and GHG reduction for its vessels and contribute to the realization of a low-carbon society.
MOL will collaborate with Nagasaki Prefecture, which has a long history in maritime-related fields, in the fields of renewable energy and shipbuilding-related industries, and with various local companies, including Sawayama & Co., Ltd., which has a long history of promoting the prefecture’s maritime industry, to create a “value chain of maritime-related energy.”
[Outline of Agreement]
MOL and Nagasaki Prefecture will collaborate and cooperate with each other to promote collaborative activities utilizing the resources of both parties and to revitalize businesses in the prefecture.
(1) Promotion of shipbuilding-related industries
(2) Promotion of renewable energy projects
3. Date of signing the collaboration agreement
Tuesday, January 31, 2023
(Note 1) In October 2021, the government of Japan declared that the nation would achieve carbon neutrality by 2050, reducing overall greenhouse gas emissions to zero by that year.
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 to the realization of “Safety & Value -Provide added value through safe transportation and our social infrastructure business-,” “Environment -Conservation of the marine and global environment-,” “Human & Community -Contributing to the growth and development of people and communities-,” and “Innovation -Innovation for development in marine technology-.”
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.
Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.