|
Accelerating the Use of Clean Fuels in the Drive Toward Net-Zero Emissions by 2050 June 18, 2026
Titan, part of Molgas (Vice President Marine: Niels den Nijs; Headquarters: Amsterdam) will continue to supply Bio-LNG fuel in Northwest Europe, while Axpo (CEO: Christoph Brand, Chairman: Roland Leuenberger; Headquarters: Baden, Switzerland) will take charge of supply in the Mediterranean region. This agreement makes it possible for our company to supply bio-LNG fuel for automobile carriers in the Mediterranean region (Port of Malaga and Barcelona, Spain), following the bio-LNG fuel supply agreement in Western Europe, which commenced in March last year.
Bio-LNG fuel bunkering vessel supplying the CIELO ACE. Image by MOL.
The bio-LNG fuel to be supplied in this initiative has a lifecycle carbon intensity (carbon dioxide emissions per unit of energy consumption) of -15 g-CO2/MJ or less, from production through consumption. Replacing one ton of conventional heavy fuel oil with this bio-LNG fuel results in a reduction of approximately 4.5 tons of CO2 emissions. Furthermore, this bio-LNG fuel has obtained International Sustainability and Carbon Certification (ISCC-EU). Through this supply agreement, MOL has established a framework that ensures a continuous and stable supply of bio-LNG fuel not only in Northern Europe but also in the Mediterranean. As part of the group's efforts to adopt alternative fuels and achieve net-zero greenhouse gas (GHG) emissions-key actions outlined in the "MOL Group Environmental Vision" - it is utilizing LNG-fueled vessels as a bridge solution to facilitate the transition to carbon-neutral fuels such as bio-LNG and synthetic LNG (e-methane). Going forward, MOL will step up its efforts to reduce GHG emissions by expanding the geographic reach, volume, and quality of its bio-LNG fuel usage. The group will also drive the development of clean fuel supply chains and lead the shipping industry's initiatives to achieve net-zero emissions. In parallel with the expansion of its LNG-fueled fleet, MOL will continue to promote the adoption of a diverse range of next-generation fuels-including biofuels, methanol, ammonia, and hydrogen-and contribute to the realization of a sustainable society while ensuring safe operations. Mitsui O.S.K. Lines, Ltd. press release
|