MOL deploys the world’s first ammonia-fueled capesize bulkers and chemical tankers
Mitsui O.S.K. Lines, announced that MOL and its MOL wholly-owned subsidiary MOL Chemical Tankers , along with Belgium-based CMB.TECH NV, have decided to jointly own and charter a total of nine Capesize bulkers and chemical tankers that can run on ammonia, a zero-emission fuel, as shown in the table below. These will be the world’s first ammonia dual-fuel Capesize bulkers and chemical tankers.
Amid the trend toward decarbonization, ammonia is drawing worldwide attention as a next-generation clean energy source, and the ocean shipping industry is accelerating its moves to strategically utilize ammonia as a fuel. The MOL Group also intends to adopt ammonia, as shown in the chart below, in its “MOL Group Environmental Vision 2.2” to achieve net-zero GHG emissions by 2050. MOL will continue to pursue these initiatives and contribute to the realization of a decarbonized society.
(Note) Vessels that can be converted to ammonia-fueled vessels in the future.
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