Shipping group MOL eyes first ammonia-fuelled main engine via MOU

Richard Ewing


LONDON (ICIS)–Japanese shipping company Mitsui O.S.K. Lines (MOL) on Monday signed a Memorandum of Understanding (MOU) which it hopes will lead to the purchase of its inaugural ammonia-fuelled main engine.

The Tokyo-headquartered firm has agreed a pact with compatriot Mitsui E&S Machinery and Germany’s MAN Energy Solutions to target a low-carbon marine engine currently under development by MAN.

“Ammonia is one of the top candidates for a next-generation clean fuel that does not emit carbon dioxide,” the operator of around 800 vessels said in a short statement.

“MOL continually strives to achieve net zero greenhouse gas emissions by 2050 and to deploy net zero emissions ocean-going vessels within the 2020s.”

Ammonia is widely expected to become a marine fuel of the future as the shipping industry seeks to reduce its contribution to global warming.


ICIS Premium news service

The subscription platform provides access to our full range of breaking news and analysis

Contact us now to find out more

Speak with ICIS

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?