MOL to Develop Zero Emission Alt Fuel

Shailaja A. Lakshmi
Monday, August 5, 2019

Japanese shipping group Mitsui O.S.K. Lines (MOL) announced that it has joined the Carbon Capture & Reuse (CCR) Study Group and launched the "Cross-industrial Working Group Related to Zero Emission Alternative Ship Fuels".

The CCR Study group was established with the objectives of proposing effective carbon neutral measures to reduce the use of fossil fuels by offering alternative energies such as synthetic methane, which is generated by combining CO2 generated by industries with renewable energy-derived hydrogen, and contributing to the establishment of new energy supply system by 2050.

The working group aims to reduce carbon dioxide (CO2) emissions in international shipping's value chains by using synthetic methane (methanation fuel) as an alternative to fossil fuel, the current mainstream fuel for merchant vessels.

Synthetic methane is generated by methanation technology that combines CO2 with renewable energy-derived hydrogen.

In April 2018, the International Maritime Organization (IMO), which studies measures to reduce greenhouse gas (GHG) emissions in international shipping, set the goals - reduce CO2 emissions by 40% per unit of transport by 2030, and total GHG emissions by 50% by 2050, compared to 2008, and to zero GHG emissions as early as possible in this century.

European countries, Japanese power and gas companies are paying increased attention to methanation fuel, a technology with the potential to realize zero emissions.

MOL aims to introduce methanation fuel for ships and establish a supply chain by launching the working group, and will engage in study and promotion of the fuel in cooperation with other industries, other companies, and government agencies.

Categories: Environmental Renewable Energy Emissions Renewables

Related Stories

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Keel Laying for Wind Flyer Trimaran Crew Boat

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

Eco Wave Finds Partner for Wave Energy Project in India

McDermott Concludes Work at PTTEP’s Kikeh Gas Field Off Malaysia

European LNG Imports Up with Asian Influx

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Flare Gas Recovery Meets the Future

Current News

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com