Environment

MOL Group Environmental Vision 2.0

MOL Group Environmental Vision 2.0

With the ever-increasing momentum to prevent climate change since the Paris Agreement came into force, in April 2018 the IMO (International Maritime Organization) adopted "IMO strategy on reduction of GHG emissions from ships," which comprehensively set out international shipping GHG reduction targets and measures to achieve them. This strategy is the first in the world to commit to achieving zero GHG emissions during this century in a single internationally spanning sector. In response, we also reviewed our Environmental Vision 2030, formulated in April 2017, and have newly enacted MOL Group Environmental Vision 2.0, which makes clearer commitments, including the attainment of IMO objectives.

MOL Group Environmental Vision 2.0

The MOL Group is committed to achieve sustainable "Net Zero GHG Emissions" through collective efforts with all capabilities.

  • Deploy commercial Net Zero GHG Emissions deep sea vessels by 2030
  • Reduce total annual GHG emissions from the ships by 50% in 2050 compared to 2008
  • Achieve Net Zero GHG Emissions within this century, pursuing earlier

Initiatives to Achieve the Goals Set Forth in MOL Group Environmental Vision 2.0

1. Adoption of Clean Alternative Fuels
  • Promoting LNG fuel usage
  • Study and adoption of next-generation zero-emission fuels to succeed LNG fuels

MOL is carrying out simultaneous studies on various clean alternative fuels. For example, LNG is a fossil fuel, but it can reduce CO2 emissions compared to conventional heavy oil, and we therefore consider it an effective alternative fuel that is ready for immediate use. However, since we cannot achieve our goals with LNG fuel alone, we will also consider other next-generation fuels, specifically synthetic methane from methanation, ammonia, and electric ships, among other possibilities. Regarding measures for the use of synthetic methane as vessel fuel, we joined Japan’s Carbon Capture & Reuse (CCR) Study Group(*) in fiscal 2019 and launched a multi-industry-spanning working group.

(*) The CCR Study Group is a body to solicit CCR technologies from multiple industries for feasibility studies. CCR technologies provide alternative energies by combining CO2 emitted from industry and hydrogen produced using renewable energy.

2. Adoption of Energy-Saving Technologies
  • Actual installation of Wind Challenger systems
  • Adoption of other new technologies
3. Enhancement of Operational Efficiency
Reduction of fuel consumption via real-time monitoring of vessel operational status
To further promote the measures we have put in place so far to reduce fuel consumption in operating existing vessels, we have established a new Fleet Performance Management Team within the Marine Technical Management Division, which will conduct concentrated monitoring to ascertain the operational status of individual vessels in a timely manner and work to ensure sailings in the most optimal speed.
4. Building Business Models to Enable Net Zero GHG Emissions
Active involvement in regulation and rule-making through industry associations and related government agencies
Discussions on international rules for global shipping are primarily conducted at the IMO. The direction taken in the introduction of new rules, depending on its content, can heavily impact the business environment for shipping companies, but we see it as an opportunity to build new business models, and we will actively participate in discussions through industry associations and related government agencies.
5. Expanding Low-Carbon Businesses Using Concentrated MOL Group’s Strengths
Business development in the area of next-generation fuels such as hydrogen, in addition to FSRU, LNG powerships, and renewable energy
If we only concern ourselves exclusively with GHG emissions from ships, it will be difficult to reach our goal of Net Zero GHG Emissions by early in the 21st century. By developing new businesses in the abovementioned fields, we intend to promote low carbonization for our entire Group business portfolio. Since supply chains have yet to be developed for many next-generation fuels, we aim to participate in a wide range of fields, from upstream (manufacturing) to downstream (transportation and supply), not just using them as vessel fuels.
株式会社 商船三井 環境・サステナビリティ戦略部 サステナビリティ統括チーム, 株式会社 商船三井 経営企画部 総合企画チーム, 株式会社 商船三井 コーポレートコミュニケーション部 コミュニケーション企画チーム, 株式会社 商船三井 MBS コミュニケーションサポート部 MBS コミュニケーションサポート部, 人事部, 株式会社 商船三井 海上安全部 海務チーム, 株式会社 商船三井 海上安全部 安全推進チーム, 株式会社 商船三井 海上安全部 船員政策チーム, 株式会社 商船三井 海上安全部 船員教育・訓練チーム, 株式会社 商船三井 海上安全部 安全運航支援センター, 株式会社 商船三井 技術部 技術イノベーションチーム, 株式会社 商船三井 スマートシッピング推進部 スマートシップ戦略チーム, 商船三井システムズ株式会社 ICT 戦略推進部 ICT 戦略推進第一チーム
Environment
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MOL Group Environmental Vision 2.0

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