MOL And Cosmo Oil Sign MoU To Study Ocean Transport For Development Of CCS Value Chain

MOL and Cosmo Oil Sign MoU to Study Ocean Transport for Development of CCS Value Chain

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto; Headquarters: Minato-ku, Tokyo) and Cosmo Oil Co., Ltd. (Cosmo Oil; President: Yasuhiro Suzuki; Headquarters: Minato-ku, Tokyo) today announced the signing of a memorandum of understanding (MoU) on the study of ocean transport, with the goal of establishing a carbon dioxide capture and storage* (CCS) value chain.

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CCS is regarded as one of the most effective solutions to realize a low-carbon/decarbonized...

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