MOL PLUS  announced the opening of “MOL PLUS UK Desk” in London in July. This marks the first time MOL PLUS has expanded its operations outside of Japan.

The MOL PLUS UK Desk will be operated by the New Business Project Team members at MOL (Europe Africa) Ltd., a 100% subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL). MOL PLUS will expand the creation of investment and collaborative opportunities and achieve an organizational structure that allows for greater speed and agility through locally based searches of new technologies and new businesses, with a focus on the environment and renewable energy in Europe.

Following the opening of the UK Desk, MOL PLUS plans to establish global desks in Singapore and other focus areas, as it aims for continued steady growth as a global corporate venture capital (CVC) fund in the ocean shipping industry.

MOL PLUS continually works to generate synergetic effects based on startup companies’ innovative ideas and technologies and MOL Group’s resources through investment in and collaboration with startups, aiming to create new businesses PLUS new value for the ocean shipping industry and society.