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MOL looks to ammonia to power its vessels

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Mitsui O.S.K Lines, Ltd (MOL) has signed a Memorandum of Understanding (MoU) with MAN Energy Solutions (MAN) and Mitsui E&S Machinery, Ltd (MES-M) aiming to order ammonia fueled main engines to power its vessels.

The agreement between the three parties fits in with the ‘MOL Group Environmental Vision’ which sees the shipping line work with its partners and stakeholders to resolve environmental issues to achieve net-zero GHG emissions by 2050 and to deploy net-zero emissions ocean-going vessels by 2030.

Ammonia is becoming one of the top candidates for next-generation clean fuel as it does not emit any CO2, and MOL is hoping to utilise this clean energy to power its vessels by using the ammonia fueled engine that is currently under development by MAN.

Norwegian clean energy company Horisont Energi has also seen the potential in ammonia as a key energy source as it signed an MoU with Koole Terminals B.V. (Koole Terminals) to develop an ammonia terminal and storage facility at the Port of Rotterdam.

Announced in October 2021, the agreement will see both companies explore the establishment of a strategic and collaborative relationship for storage of ammonia produced and shipped from Norway to Rotterdam, as well as technical and commercial conceptual models for storage of ammonia products.

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