MOL Joins International e-methane Alliance e-NG Coalition
- Aiming to Decarbonize Energy and Transport Industries -

March 3, 2025

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that on March 1 2025, it joined the e-NG Coalition (Note 1), an international alliance that aims to accelerate the development and use of e-methane (Note 2), which is synthesized from CO₂ and hydrogen.

With the addition of MOL, the total number of participating companies of this alliance has increased to 20. Through its participation in the alliance, MOL will establish a stable international supply chain for next-generation fuels and accelerate its initiatives to reduce the environmental impact of the shipping industry.

The e-NG Coalition aims to achieve a carbon-neutral society through the practical application of e-methane by promoting the development of appropriate assessment criteria and systems for environmental values and strengthening collaboration among companies involved throughout the value chain. E-methane is attracting attention as a next-generation fuel with low environmental impact that can be used in existing LNG-fueled vessels.

The MOL Group has positioned environmental strategy as one of its key strategies in the BLUE ACTION 2035 management plan, and has set the target of achieving net zero emissions by 2050 in the "MOL Group Environmental Vision 2.2." In addition using carbon-neutral e-methane as marine fuel, the group will contribute to the broader use of e-methane and the establishment of a value chain by developing a synthetic fuel supply chain, backed by its extensive know-how in LNG transport, accumulated over the past four decades, as well as expertise in ocean transport of liquefied CO₂.

[Outline of e-NG Coalition]
Name: e-NG Coalition
Purpose: To realize a carbon-neutral society through global application and expansion of e-methane
Date of establishment: October 20, 2024
Place of establishment: Brussels, Belgium
Website URL: https://www.eng-coalition.com/

Summary of Activities:
(1) Policy advocacy and lobbying
(2) Collaboration among stakeholders and event organization
(3) Conducting technical research and surveys and sharing findings
(4) Publicize decarbonization initiatives
(5) Release of united joint statements

(Note 1) e-methane: e-methane is a synthetic methane produced from CO₂ and hydrogen, and is expected to be adopted on a global scale as a sustainable and realistic approach to carbon neutrality that can be used with currently available LNG infrastructure.
(Note 2) E-NG: Stands for electric natural gas. Another name for e-methane in Europe and the U.S.

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MOL Group 5 Sustainability Issues
MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision.
We anticipate this initiative to contribute especially to the realization of "Safety & Value -Provide added value through safe transportation and our social infrastructure business-", "Environment -Conservation for Marine and global environment-" and "Innovation -Innovation for development in marine technology-."