MOL Offsets CO2 Emissions By Repositioning World’s First Electric Tanker

125

Mitsui O.S.K. Lines, Ltd. will be offsetting carbon dioxide (CO2) emissions from the reposition operation of the world’s first zero emission electric bunker tanker Asahi, reports Manifold Times.

J Blue Credit

According to the company, the “J Blue Credit” targets blue carbon, which is carbon dioxide (CO2) absorbed by marine and coastal ecosystems such as seagrass meadow, and is attracting attention as a new credit aimed at accelerating steps to mitigate climate change.

The project began on a trial basis in fiscal year 2020 and in its second year, credits were issued through restoration activities of seagrass meadow and tidal flats in Yokohama City, at the Port of Tokuyama Kudamatsu in Shunan City, and Hyogo Canal.

Blue carbon ecosystems, such as seagrass meadow, not only fix and absorb carbon, but also provide diverse benefits including food supply, water purification, and species conservation, supporting people’s lives, MOL explained.

Offsetting Carbon dioxide

As mentioned, MOL-purchased credits are planned to offset CO2 emitted from world’s first zero emission electric tanker “Asahi” which is newly built by its group Asahi Tanker Co., Ltd. and is slated to be delivered at the end of this month.

In the future, the vessel will contribute to CO2 reduction of about 280 tons, 60% annually compared to conventional vessels by using renewable energy-derived electricity.

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: Manifold Times 

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.