With the addition of MOL, the total number of participating companies of this alliance has increased to 20. Through its participation in the alliance, MOL will establish a stable international supply chain for next-generation fuels and accelerate its initiatives to reduce the environmental impact of the shipping industry.

The e-NG Coalition aims to achieve a carbon-neutral society through the practical application of e-methane by promoting the development of appropriate assessment criteria and systems for environmental values and strengthening collaboration among companies involved throughout the value chain. E-methane is attracting attention as a next-generation fuel with low environmental impact that can be used in existing LNG-fueled vessels.

The MOL Group has positioned environmental strategy as one of its key strategies in the BLUE ACTION 2035 management plan, and has set the target of achieving net zero emissions by 2050 in the “MOL Group Environmental Vision 2.2.” In addition using carbon-neutral e-methane as marine fuel, the group will contribute to the broader use of e-methane and the establishment of a value chain by developing a synthetic fuel supply chain, backed by its extensive know-how in LNG transport, accumulated over the past four decades, as well as expertise in ocean transport of liquefied CO2.