MOL to Join Clean Energy Project in Australia For Ocean Transport of ‘Green Hydrogen and Ammonia’
TOKYO-Mitsui O.S.K. Lines, Ltd. announced that MOL representative has attended the reception on July 12th hosted by Port of Newcastle (PoN), in presence of Australia’s Minster of Climate Change and Energy, Mr. Chris Bowen, to introduce the partner of the Clean Energy Precinct construction project (Note 1) led by PoN as the project has become in full operation. PoN is responsible for port management and development in Newcastle, New South Wales, Australia, the world’s largest coal exporting port.
In February of this year, MOL concluded a memorandum of understanding (MoU) with PoN to jointly study the construction of this area and the establishment of a supply chain. As the project has become full operation from this May (Note 2), MOL has started the joint study with PoN mainly in ocean transport and bunkering of clean energy in the region.
The project will receive A$100 million (about ¥9.5 billion) in funding from the Australian federal government to build a Clean Energy Precinct site in the port area that will serve as a major center for the production, storage, and export of clean energy, including green hydrogen and ammonia, and promote a decarbonized society and the creation of local jobs.
The PoN is a geographically important port hub, with more than 300 MOL-operated vessels calling there each year. The MOL Group has positioned environmental strategy as a key element in its “BLUE ACTION 2035” management plan, and has set the target of achieving net zero greenhouse gas (GHG) emissions by 2050 in the “MOL Group Environmental Vision 2.2.”
It will contribute to establish the clean energy supply chain through participation in this project at the PoN. In addition, the group is committed to engaging in the clean energy business by leveraging its collective strengths, aiming to proactively respond to major shifts in energy supply and contribute to the reduction of greenhouse gas (GHG) emissions not only from its own company but also from society at large.
Press release
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:
55 Chinese Sailors Presumed Dead After Nuclear Submarine Became Trapped Underwater, According To Sources
All Three Of Ukraine’s Major Black Sea Ports Have Reopened To Ships
Four In Court Regarding A €157 million Cocaine Seizure From A Cargo Vessel
World’s Largest Cruise Ship “Icon Of The Seas” Will Make its Debut in January 2024
Remains Of US Navy Sailor Killed In The Pearl Harbor Attack Identified After 80+ Years
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.