MOL, JERA Sign Long-Term Time Charter Contract for 2 Ammonia Carriers
- Major Step in Establishing Japan's First Large-Scale Low-Carbon Ammonia Value Chain -

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Jotaro Tamura, Headquarters: Minato-ku, Tokyo) today announced the signing of a long-term time charter contract with JERA Co., Inc. for two very large gas carriers (VLGCs). The vessels will transport low-carbon ammonia ^{(Note 1)} produced in the Blue Point Project in Louisiana, U.S.-in which JERA has invested-to JERA's Hekinan Thermal Power Station (Hekinan City, Aichi Prefecture) beginning around fiscal year 2029. This contract marks a major step forward in MOL's initiative to develop a marine transport system for low-carbon ammonia and achieve Japan's first large-scale transport of low-carbon ammonia.

MOL and JERA have been discussing a collaboration ^{(Note 2)} on the transport of fuel ammonia since November 2022. This contract was formally concluded based on the memorandum of understanding (MOU) executed in 2025 ^{(Note 3)} and aims to establish a commercial-scale value chain for low-carbon ammonia.

In addition to its use in power generation and as marine fuel, ammonia-recognized as a next-generation clean energy source that does not emit CO₂ at the point of combustion-is expected to play an important role in a wide range of fields, including as a hydrogen carrier ^{(Note 4)}, resulting in significantly higher demand.

MOL Group positions environmental strategy as a core pillar of its management plan, "BLUE ACTION 2035," and has set the goal of achieving net-zero greenhouse gas (GHG) emissions by 2050 under "MOL Group Environmental Vision - BLUE ACTION 2035 Phase 2." By building a track record of high quality and safe ammonia transport and proactively participating in the development of a low carbon ammonia value chain, MOL Group aims to contribute to the realization of a decarbonized society.

[Overview of the Vessel]

Main Dimensions	LOA: Approx. 229.90 m Breadth: 37.20 m Depth (Moulded): 21.90 m Summer Draft (Moulded): 11.65 m
Ship Type	Approx. 87,000 m3 VLGC
Shipyard	Kawasaki Heavy Industries, Ltd.
Scheduled delivery	First half of 2027

(Note 1) Ammonia which is produced through a process that significantly reduces CO₂ emissions compared with conventional manufacturing methods
(Note 2) Please refer to the press release on November 21, 2022: MOL Teams up with JERA to Study Transport of Ammonia Fuel
(Note 3) Please refer to the press release on December 22, 2025: MOL and JERA Sign Heads of Agreements for the Charter of Ammonia Carriers - Toward Japan's first Large-scale Low-carbon Ammonia Transport - | Mitsui O.S.K. Lines
(Note 4) A substance that enables the efficient transport of large quantities of hydrogen, contributing to the realization of a carbon-neutral society

[Profile of JERA]

Name	JERA Co., Inc.
Location	2-5-1 Nihonbashi, Chuo-ku, Tokyo
Representative	Yukio Kani, Global CEO and Chair Hisahide Okuda, President, Director, CEO and COO
Business details	JERA is a global energy leader and Japan's largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the Company produces one-third of Japan's electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, including participation in upstream gas exploration and production, LNG projects, fuel procurement and transportation, and power generation globally. In support of a responsible energy transition, JERA has committed to achieving net-zero CO2 emissions from its domestic and overseas businesses by 2050.

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The MOL Group 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 "Environment."