MOL Joins Consortium for Green Shipping Corridor from Portugal to Northern Europe
Key Ideas
  • MOL partners with Madoqua-led consortium for a green shipping corridor connecting Portugal to northern Europe.
  • Project aims to utilize low-emission shipping solutions and transport low-carbon fuels, promoting zero-emission vessels.
  • Madoqua developing green hydrogen projects in Portugal for green ammonia and e-methanol production at the Port of Sines.
  • Consortium includes partners like Port of Rotterdam, Cargill, and Norwegian Cruise Line for sustainable shipping initiatives.
Japanese shipping company, Mitsui OSK Lines (MOL), has joined a consortium spearheaded by renewable energy firm Madoqua to establish a green shipping corridor between Portugal and northern Europe. The project, known as the Green Corridor, focuses on deploying low-emission shipping solutions and transporting low-carbon fuels. MOL's role as a logistical partner involves transporting green fuels and CO2 while advocating for zero-emission vessels. Madoqua, the project coordinator, is working on green hydrogen initiatives in Portugal to manufacture green ammonia and e-methanol, supported by the Madoqua Green Fuels Terminal at the Port of Sines. This terminal will facilitate the storage, handling, and bunkering of alternative fuels. Notable partners in the consortium include the Port of Rotterdam, Cargill, Norwegian Cruise Line, and other key stakeholders in the shipping industry. The collaborative efforts aim to drive sustainable practices in the maritime sector, emphasizing environmentally friendly fuel sources and reducing carbon emissions.
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