Carbon Solutions Business

Outline of Services

Toward Contributing to a Decarbonized Society

As part of the MOL Group's efforts toward realizing a decarbonized society, we are promoting both Carbon Capture, Utilization and Storage (CCUS) and carbon credit businesses. In collaboration with domestic and international partners, we are working to build value chains including CO₂ capture and transportation, while creating and utilizing environmental values with a particular focus on Carbon Dioxide Removal (CDR).

CCUS is increasingly recognized as an important pathway to achieving decarbonization, economic growth, and a stable energy supply, particularly in hard-to-abate sectors. The implementation of CCUS requires long-distance transportation of significant volumes of captured CO₂ to storage or utilization sites, in which liquefied CO₂ shipping plays a critical role. As a social infrastructure company with its origins in shipping, Mitsui O.S.K. Lines, Ltd. is contributing to the development of the CCUS value chain through projects such as the long-term charter contracts for two liquefied CO₂ carriers with Northern Lights JV DA - a joint venture owned by Equinor, TotalEnergies, and Shell - which operates the world’s first cross-border CO₂ shipping and storage project.

In addition, as one of the carbon credit businesses,　CDR is gaining importance as an essential means of achieving net zero by removing residual emissions that cannot be eliminated through emission reduction alone. MOL is promoting the creation and procurement of carbon credits with a strategic focus on CDR.
Specifically, through mangrove restoration and conservation projects in Indonesia and investments in reforestation funds in Latin America, we develop nature-based carbon credits. These efforts support global emissions reductions from the ground up, while also contributing to biodiversity conservation, marine environmental protection, and the sustainable development of local communities.
In addition, we participate in the NextGen CDR Facility, a joint purchasing initiative for technology-based CDR credits, and invest in startups developing CO₂ capture and storage technologies, including Direct Air Capture (DAC), alongside advancing related business development. Through collaboration with partners both in Japan and internationally, we aim to accelerate the social implementation of diverse carbon removal approaches and drive progress toward a decarbonized society.