MOL signs MoU for hydrogen and ammonia supply chain in Thailand

Japanese shipping giant, Mitsui O.S.K. Lines (MOL) has signed a

chain derived from renewable energy sources in southern Thailand.

The MoU was signed with Mitsubishi Thailand, Chiyoda, and Electricity

Generation Authority of Thailand (EGAT), Thailand’s state-owned power generation

company.

The signing ceremony was held at the Asia Zero Emissions Community (AZEC)

Ministerial Meeting held in Tokyo on 4 March.

The MoU stipulates that MOL, Mitsubishi Thailand, and Chiyoda will

cooperate with EGAT in decarbonisation projects to achieve the nation’s

decarbonisation targets.

The companies will jointly study ways to establish a series of supply

chains for the production, storage, transport, and utilisation of clean hydrogen

and ammonia derived from renewable energy sources in southern Thailand, and

supplying them to domestic and international markets.

Thailand is positioned as a key country in the Japanese government’s AZEC

concept, and the movement toward carbon neutrality is expected to further

accelerate in the future.

Through the MoU, MOL and its partners will study safe and efficient methods

of transporting hydrogen and ammonia.

MOL will also contribute to the development of the clean energy sector in

Thailand and initiatives on carbon neutrality around the world by proceeding

with the study in collaboration with EGAT, Mitsubishi Thailand, and Chiyoda.

The MOL Group set forth the “MOL Group Environmental Vision 2.1” to promote

the reduction of greenhouse gas (GHG) emissions from the group and from society

at large through a concerted group-wide effort and contribute to the

establishment of a supply chain for clean energy resources such as ammonia and

hydrogen.

In January 2023, MOL’s CEO, Takeshi Hashimoto, announced MOL’s plans to

continue its energy transport business from Russia indefinitely, particularly of

Liquefied Natural Gas (LNG).