MOL has entered into an agreement with Bombora to identify Marine energy potential across Japan, says a press release published on their website.
About the collaboration
Internal technical review
MOL has completed an internal technical review of Bombora’s mWave, which is a wave energy converter.
Second phase
MOL and Bombora are now progressing to the second phase of their collaboration.
Potential site
The partnership will identify potential sites for mWave energy projects in Japan and the neighbouring regions.
In addition, they will analyse the opportunity to combine with offshore wind farms by adding wave energy using mWave in Japan and other regions.
Collaboration’s aim
With the collaboration with Bombora, MOL aims to minimise the environmental impact of its business activities and achieve sustainable net-zero GHG emissions.
MOL stated:
The rapid growth of the marine renewable energy sector represents a new opportunity for MOL, and it is anticipating there will be a significant demand for vessels involved in the construction and ongoing operations across the marine energy sector. The collaborative project with Bombora will contribute to mitigate its environmental impact whilst driving new and sustainable business growth opportunities across the region.
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Source: MOL
