Japanese shipping giant Mitsui O.S.K. Lines (MOL) has made a strategic investment in Twelve Benefit Corporation, a company based in California that specializes in developing synthetic fuels (e-fuels) and chemicals. Twelve recently announced an additional $83 million in funding, building on a previous $645 million investment round. The company's e-fuels are derived from hydrogen and CO, sourced from renewable electricity, CO2, and water. These fuels, such as E-Marine and E-Jet sustainable aviation fuel (SAF), offer significantly lower emissions compared to traditional fossil-based fuels and can be seamlessly integrated into existing infrastructures. Twelve's technology includes a unique carbon transformation process that converts CO2 into fuels, chemicals, and materials through CO2 electrolysis. A commercial demonstration plant for E-Jet SAF and E-Naphtha is planned to launch in Moses Lake, Washington later this year. Furthermore, Twelve has secured partnerships with companies like Alaska Airlines, Microsoft, International Airlines Group, and Virgin Voyages for the supply of aviation and marine fuels. The company's initiatives align with the broader goal of decarbonizing industries such as shipping and aviation. MOL's investment in Twelve is part of a larger effort to promote e-fuels and reduce carbon emissions in collaboration with other players in the industry.