MOL has signed a memorandum of understanding with ITOCHU Corporation (ITOCHU; President & COO: Keita Ishii; Headquarters: Minato-ku, Tokyo), ITOCHU ENEX Co., Ltd.(ITOCHU ENEX; President & CEO: Kenji Okada; Headquarters: Chiyoda-ku, Tokyo), Vopak Terminals Singapore Pte Ltd.(VOPAK), Pavilion Energy Singapore Pte. Ltd.(PAVILION ENERGY) and Total Marine Fuels Pte Ltd.(TOTAL) regarding the joint development study on ammonia fuel supply chain in Singapore
MOL will promote the development of off-shore facility such as floating storage unit and/or ammonia bunkering ship, and safety guidelines of ammonia bunkering together with other partners which have experience of LNG bunkering business in Singapore, by making use of its experience and expertise in building and owning LNG fuel supply vessels.
MOL will update the “Environmental Vision 2.0” by this September with the aim of achieving net zero emissions by 2050 and formulate a long-term GHG reduction roadmap for the MOL fleet. MOL will accelerate the introduction of alternative bunker fuel vessels such as LNG and ammonia as well as the investment in renewable energy businesses through collaboration with our customers and business partners, and with the cooperation of relevant government agencies.
Individual roles
| Company | Individual roles |
| MOL | MOL will promote the development of off-shore facility such as floating storage unit and/or ammonia bunkering ship, and safety guidelines of ammonia bunkering in Singapore together with other partners, by making use of its experience and expertise in building and owning LNG fuel supply vessels. |
| ITOCHU | ITOCHU will promote the development of off-shore facility such as floating storage unit and/or fuel supply ship, and safety guidelines of ammonia bunkering in Singapore together with other partners, and the integrated project, leading the formation of partnerships in Japan and overseas by making use of networks with various industries / companies such as shipper, shipping company, ammonia producer and/or any other parties related to ammonia fuel supply chain, owning and operate ammonia fueled ships, and jointly developing a facility for supplying ammonia fuel for ships. |
| ITOCHU ENEX | ITOCHU ENEX will promote the development of ammonia fuel supply chain and safety guidelines of ammonia bunkering in Singapore together with other parties, by making use of their experience and expertise in the operation of marine fuel supply in Japan and Singapore. |
| VOPAK | VOPAK will promote the development of an independent, on-shore facility for the storage and handling of ammonia with loading / un-loading facilities in Singapore by tapping its ammonia storage & handling expertise in its Banyan Terminal in Singapore. |
| PAVILION ENERGY | PAVILION ENERGY will promote the development of the ammonia fuel supply chain and safety guidelines of ammonia bunkering in Singapore with other partners, through leveraging each other’s experience and expertise, especially in the operation of LNG as a marine fuel in Singapore. |
| TOTAL | TOTAL will promote the development of ammonia fuel supply chain and safety guidelines of ammonia bunkering in Singapore together with other partners, and the development of bunkering infrastructures together with other partners, by making use of their experience and expertise in LNG as marine fuel. |
