• Follow Us On Our Preferred Social Media Platform:

MOL purchases carbon credits to offset CO2 emissions from repositioning of EV bunker tanker

21 Mar 2022

Mitsui O.S.K. Lines, Ltd. on Friday (18 March) said it will be offsetting carbon dioxide (CO2) emissions from the reposition operation of the world’s first zero emission electric bunker tanker Asahi.

The bunker tanker, scheduled for delivery by the end of March, will be repositioned from the shipyard in Marugame City, Kagawa Prefecture to Kawasaki City in Kanagawa Prefecture where the power supply facility is located.

The “J Blue Credit” purchased are issued by the Japan Blue Economy Association (JBE), an association approved by Ministry of Land, Infrastructure, Transport and Tourism.

“J Blue Credit” targets blue carbon, which is carbon dioxide absorbed by marine and coastal ecosystems such as seagrass meadow, and is attracting attention as a new credit aimed at accelerating steps to mitigate climate change.

The project began on a trial basis in fiscal year 2020, and in its second year, FY2021, credits were issued through restoration activities of seagrass meadow and tidal flats in Yokohama City, at the Port of Tokuyama Kudamatsu in Shunan City, and Hyogo Canal.

MOL will contribute to enhancing the implementation and sustainability of initiatives to restore and protect seagrass meadow in each area through purchase of credits for about 11 tons, among the total about 65 tons of credits issued.

Blue carbon ecosystems such as seagrass meadow not only fix and absorb carbon, but also provide diverse benefits including food supply, water purification, and species conservation, supporting people’s lives.

MOL strives to expand its use of electric propulsion (EV) vessels in coastal shipping in cooperation with Asahi Tanker.

Related: World’s first fully electric bunker tanker “Asahi” undergoes naming and launching ceremony
Related: Asahi Tanker orders two of world’s first zero emissions electric-powered bunker tankers
Related: Newly formed ‘e5 Consortium’ to boost use of zero-emission electric vessels in Japan
Related: Asahi Tanker orders world’s first zero-emission electric propulsion bunker tankers
Related: Japanese firms enter strategic partnership to form ‘e5 Lab’

 

Photo credit: Mitsui O.S.K. Lines
Published: 21 March, 2022

Related News

Featured News

Our Industry Partners

  • argus

PR Newswire