As the global push for decarbonization accelerates, demand for carbon dioxide removal (CDR) credits—especially those based on advanced technology—is gaining momentum.
These credits aim to permanently remove and store CO₂ from the atmosphere, although they are still in the early stages of cost-effective deployment. MOL (Mitsui O.S.K. Lines) has emerged as an early leader in procuring technology-based CDR credits, aligning with its broader strategy to achieve net-zero emissions and support society-wide decarbonization goals.
CDR Credits: A Future-Focused Tool for Climate Action
Technology-based CDR credits differ from conventional offsets by offering permanent CO₂ removal, rather than simply avoiding emissions. Techniques such as Direct Air Carbon Capture and Storage (DACCS) and Bioenergy with Carbon Capture and Storage (BECCS) are among the most advanced, with biochar production under pyrolysis also being a key method.
While only a few companies worldwide are currently purchasing such credits, demand is projected to rise steeply as climate regulations and corporate commitments intensify.
MOL’s Strategic Investment and Beyond Value Chain Mitigation
MOL’s proactive engagement in the technology-based CDR market not only promotes innovation but also supports “Beyond Value Chain Mitigation.” This means that although these credits won’t directly offset MOL’s operational emissions, they contribute to global CO₂ removal—benefiting the entire planet. This role is essential as companies move toward neutralizing residual emissions they cannot eliminate through operational changes alone.
Advancing Net Zero Goals Through the Environmental Vision 2.2
This initiative supports MOL’s broader climate roadmap under its “Environmental Vision 2.2,” which targets the removal of 2.2 million tons of CO₂ by 2030 and achieving net-zero GHG emissions by 2050. Technology-based removals like biochar play a crucial role in this roadmap. By investing early, MOL not only drives market scale-up but also fosters the spread of negative emission technologies essential for the long-term decarbonization of society.
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Source: MOL
