Mitsui OSK Lines has struck a strategic partnership with Chevron Singapore to jointly develop low-carbon marine fuels.
They have signed a memorandum of understanding to reduce carbon emissions from existing marine fuels and to research and develop the next generation of fuels.
“Chevron aims to lead in lower carbon intensity oil, products and natural gas, and at the same time advance new products and solutions that reduce the carbon intensity of major industries,” said Mark Ross, president of Chevron Shipping.
