As a panelist, MOL President & CEO Hashimoto (2nd from right) participates in the Accelerating Shipping Decarbonization and the Global Transition session at Davos meeting.

First Movers Coalition is a platform aimed at helping governments and major global companies cooperate to launch technologies needed to achieve net zero emissions by 2050 and enhance cost competitiveness.

MOL President & CEO Takeshi Hashimoto was invited on 23 May, to serve as a panellist at a session called “Accelerating Shipping Decarbonisation and the Global Transition”, organised by the Global Maritime Forum and Yara International, at the Davos meeting. With partners that form supply chains, President & CEO Hashimoto reiterated MOL’s commitment to proactively adopt clean alternative fuels for decarbonisation of ocean shipping.

Through the NextGen CDR Facility which was announced prior to its participation in FMC, MOL committed to purchasing at least 50,000 tonnes of verified carbon dioxide removals (CDR) by the end of 2030.

Almost a year ago, MOL published its environment vision as a guide to realising a sustainable society and the adoption of clean alternative fuels, promoting wider adaptation of negative emissions, and achieving net zero GHG emissions, as a pioneer amongst Japanese ocean shipping companies.