TOKYO-Mitsui O.S.K. Lines,Ltd (MOL; President & & CHIEF EXECUTIVE OFFICER:Takeshi Hashimoto )today introduced that its team firm, MOLDrybulk Ltd (Representative Director, President: Kazuhiko Kikuchi) will certainly begin sea tests of Panamax mass service provider “C.S. OLIVE”, hired from Chugoku Sougyo CO.,Ltd (Chugoku Sougyo; President & & CHIEF EXECUTIVE OFFICER: Hiroshi Takata), utilizing biofuel in late June 2022.

MOL has actually authorized a bargain for biofuel supply withChevron Singapore Pte Ltd., and also regarding 500 lots of ISCC (International Sustainability & & Carbon Certification) licensed biofuel will certainly be bunkered on the vessel at Port ofSingapore The biofuel provided by Chevron Singapore is combined with Used Cooking Oil Methyl Ester as a 20% to 24% part in the VLSFO. This biofuel can be made use of on vessels without transforming engine requirements and also is anticipated to reduce about 15% to 20% of worn down carbon dioxide based upon lifecycle evaluation.

Biofuel is placed as a reliable choice to nonrenewable fuel sources in the MOL Group’s brand-new ecological technique ‘MOL Group Environmental Vision 2.1’, which was introduced in June, 2021. MOL Group continuously takes a positive position in advertising the Adoption of Clean Alternative Fuels (Image 1) such as biofuel with the goal of minimizing greenhouse gas discharges in sea transportation.

[MOL’s five Sustainability Issues]

MOL Group will certainly add to recognize a lasting culture by advertising reactions to the sustainability problems, which are determined as social problems that should be attended to with concern with business.
We expect this campaign to add specifically to the awareness of “Environment -Conservation for Marine and also worldwide setting-“.

Reference: MOL