MOL lines up $485m in green investment as first step in zero carbon road map

Japan’s Mitsui OSK Lines is lining up ¥650bn ($485m) of green investment over the next two years as the first step in its latest road map to decarbonisation by 2050.

Under the road map, using hydrogen and ammonia as a marine fuel will account for 70% of its planned carbon reduction, followed by LNG, methanol, e/bio-methane and methanol, which will account for 20%.