MOL, KEPCO Sign MoU for Joint Study of Liquefied Hydrogen Carrier

Tokyo, Japan (November 20, 2024) – Mitsui O.S.K. Lines, Ltd. (MOL) and The Kansai Electric Power Company, Incorporated (KEPCO) have announced a groundbreaking partnership to explore marine transport of liquefied hydrogen. This collaboration, marked by the signing of a memorandum of understanding (MoU), is the first in Japan between a shipping company and a power generator to focus on liquefied hydrogen transport, a vital component in creating a hydrogen fuel supply chain.

Exploring the Future of Hydrogen Transport
Under the agreement, MOL and KEPCO will conduct detailed studies to identify the best vessels and operational practices for transporting liquefied hydrogen. Safety will be a top priority, with both companies reviewing international laws and regulations to ensure compliance and reliability in this emerging field.

Liquefied hydrogen is expected to play a significant role in achieving a zero-carbon society, serving as a clean alternative to fossil fuels. By working together, MOL and KEPCO aim to overcome the technical and logistical challenges of building a hydrogen supply chain, setting the stage for wider adoption of this innovative energy source.

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Commitment to a Zero-Carbon Future
Both MOL and KEPCO have a strong commitment to environmental sustainability. This collaboration aligns with Japan’s broader goals to reduce carbon emissions and establish itself as a leader in hydrogen technology. “This partnership is an important step toward realizing a sustainable hydrogen supply chain,” said Takeshi Hashimoto, President & CEO of MOL.

KEPCO President Nozomu Mori echoed these sentiments, emphasizing the importance of innovation and collaboration to create a zero-carbon future. “By joining forces, we can accelerate the transition to hydrogen energy and make significant strides in combating climate change,” he stated.

Pioneering Collaboration
This partnership represents a significant milestone in Japan’s journey toward a cleaner energy future. As MOL and KEPCO continue their joint study, they are paving the way for the safe and efficient transport of liquefied hydrogen. This effort could inspire similar collaborations worldwide, promoting the global adoption of hydrogen as a sustainable energy source.