MOL, Idemitsu, HIF Team up to develop e-fuel/e-methanol supply chain, including Marine Transport of CO2
Mitsui O.S.K. Lines, announced the signing of a memorandum of understanding on the joint development of a synthetic fuel /synthetic methanol supply chain including CO2 marine transport with Idemitsu Kosan and HIF USA LLC and HIF Asia Pacific subsidiaries of HIF Global, a leading worldwide producer of synthetic fuels/synthetic methanol
Synthetic fuels and synthetic methanol are produced by synthesizing green hydrogen derived from renewable energy sources and CO2. The entire lifecycle of the product, from production to use of the final product, is expected to significantly reduce carbon emissions, and is positioned for swift commercialization.
In this joint development project, the partners will work to develop a synthetic fuel/methanol supply chain, including the transport CO2 as raw material, mainly through feasibility studies of the following items:
- (1) CO2 marine transport from Japan to HIF’s overseas synthetic fuels/methanol production plants.
- (2) Establishment of a supply chain to transport synthetic fuels/methanol produced by HIF at overseas production plants to Japan.
- (3) Efficient and cost competitive marine transportation of CO2 and synthetic methanol
Through this initiative, MOL, Idemitsu, and HIF intend to lead the decarbonization of the energy and transportation industries, and collaborate to develop potential business opportunities.
[Role of each company]
| Company | Role |
|---|---|
| MOL |
|
| Idemitsu Kosan |
|
| HIF |
|
[Image of Synthetic Fuels/ Methanol Supply Chain]
Related News.
Beyond Compliance to Uninterrupted Operations: Delia Shipping’s Konstantinos Stais on Maritime Cyber Resilience, LEO Expansion, and AI Governance
As the global maritime industry navigates an era of intense digital acceleration, the traditional boundaries separating shipboard operational…
Chinese AI quietly writes hackable code for Beijing’s Adversaries, even when run locally, study finds
Qwen3-Coder wrote hackable apps 19% more often for US defense contractors and leaked data 28% more often for Hong Kong activists, AI security firm…
Industry leaders launch world’s first maritime-specific cyber vulnerabilities database
Cydome, ClassNK, Bureau Veritas, MTS-ISAC and Rakuten Maritime announce the “Blue Initiative”, an open collaboration to improve maritime cyber…
Businesses increasingly adopt AI for cybersecurity while individuals expand privacy protections
As cyber threats grow and digital technologies become more pervasive, businesses are increasingly using AI to strengthen…
EmissionLink calls for EU ETS revenues to fund maritime carbon capture trials and port infrastructure
Maritime emissions specialist, EmissionLink, has called for a dedicated proportion of EU Emissions Trading System (EU ETS) revenues to be invested…
Port of Antwerp-Bruges sees strong recovery in container throughput in volatile trading environment
In the first nine months of 2026, Port of Antwerp-Bruges handled 200.9 million tonnes of goods, 0.8% less than in the same period last year.…
Sanctions risks reshape commodity trading
Traders face sanctions challenge “odyssey” as geopolitical risks reformat global markets Commodity traders are operating in an increasingly…
Titan analysis shows FuelEU pooling propelled liquefied biomethane demand
- Clean fuel supplier evaluates compliance for 8,000 TEU containership operating in Northern Europe - FuelEU Maritime balances competitiveness…
Russian diesel tanker heads to New York as Kremlin claims regular shipments
Malta-flagged tanker should carry 40,000 mt fuel Agioi Fanendes left Primorsk Oct. 22: CAS US lifts sanctions, enables Russian imports……
Pilot transfer operation: A safer step aboard
Safe pilot transfer operations depend on both correct procedures and fit-for-purpose equipment. New SOLAS requirements entering into force in…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
