MOL Signs MOU to Develop Green Corridor in Europe with Renewable Energy Partner
Key Ideas
- Mitsui O.S.K. Lines, Ltd. (MOL) signed an MOU with Madoqua Renewables Holding Lda to develop a green corridor connecting Portugal to Northern Europe.
- The project aims to establish a shipping route using low-emission solutions and transport low carbon fuels.
- Madoqua will serve as the project coordinator, focusing on collaboration across the value chain for sustainable shipping innovation.
Mitsui O.S.K. Lines, Ltd. (MOL) announced the signing of a memorandum of understanding (MOU) with Madoqua Renewables Holding Lda to develop a green corridor connecting Portugal to Northern Europe. The collaboration involves other global leaders and reinforces MOL's commitment to sustainable shipping innovation. The Green Corridor project's primary goal is to create a shipping route that utilizes low-emission solutions and transports low carbon fuels. Madoqua, a renewable energy developer, will play a key role as the project coordinator, driving collaboration across the entire value chain. This initiative signifies a significant step towards promoting sustainability in the shipping industry and reducing carbon emissions in the transportation sector.