Mitsui O.S.K. Lines, Ltd. (MOL) announced that it has teamed up with YL Forest Co., Ltd. (YLF) and intent to participate in a blue carbon project aimed to restore and protect mangroves in South Sumatra, Indonesia (Note 2). MOL will be involved in the on-site operation of the project in addition to providing financial support.
Since 2013, YLF has implemented measures to protect 14,000ha of mangroves remaining in South Sumatra under the technical supervision of the International Society for...