Mitsui O.S.K. Lines (MOL) has joined the Carbon Capture & Reuse (CCR) Study Group* and launched the “Cross-industrial Working Group Related to Zero Emission Alternative Ship Fuels.”
The working group aims to reduce CO2 emissions in international shipping’s value chains by using synthetic methane (methanation fuel) as an alternative to fossil fuels. Synthetic methane is generated by methanation technology that combines CO2 with renewable energy-derived hydrogen.
In April 2018, the IMO set the goals reduce CO2 emissions by 40 per cent per unit of transport by 2030, and total GHG emissions by at least 50 per cent by 2050, compared to 2008, and to zero GHG emissions as early as possible in this century.
European countries and Japanese power and gas companies are paying increased attention to methanation fuel, a technology with the potential to realise 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.
*The CCR (Carbon Capture & Reuse) Study Group was established with the aim of supplying alternative energy like synthetic methane or methanol by combining industrial carbon emissions with hydrogen produced from renewable energy sources toward achieving effective carbon neutrality that reduces use of fossil fuels and contributing to the creation of a new energy supply system for 2050.