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MOL PARTICIPATES IN AUSTRALIAN GREEN AMMONIA SUPPLY PROJECT

MOL PARTICIPATES IN AUSTRALIAN GREEN AMMONIA SUPPLY PROJECT

Wednesday, August 11, 2021 

Mitsui OSK Lines (MOL) has signed a memorandum of understanding (MoU) with Sydney-based energy company Origin Energy for a joint study to build a supply chain of renewable energy-derived ammonia (green ammonia).

Origin is pursuing a number of green ammonia and hydrogen projects, including a green ammonia export project in Bell Bay, Tasmania, with first cargo targeted for 2026. MOL and Origin plan to complete a feasibility study on marine transportation of ammonia, demand in Japan and Asia and developing a supply chain by December 2021.

As a next-generation clean energy source that produces no CO2 during combustion, and as a carrier for transporting hydrogen, ammonia is in the spotlight as a promising energy resource that can help meet the 2050 target set by the Japanese and other governments for achieving a carbon-neutral society. In addition, green ammonia-produced using a renewable energy source that emits no CO2-can make a major contribution to reducing CO2 in the supply chain.

The MOL Group aims at net zero GHG emissions by 2050. It will not only reduce GHG emissions from its operated vessels, but also contribute to reducing GHG emissions generated by society and realizing a low-carbon society by taking a proactive approach to building supply chains for cleaner energy resources.

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