MOL & Rio Tinto Collaborate On Decarbonization

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  • MOL and Rio Tinto have solidified their commitment to collaboration by signing a significant Partnership Agreement.
  • The agreement marks a milestone in their joint efforts towards enhancing safety, crew welfare, and most notably, the decarbonization of maritime transportation.

Mitsui O.S.K. Lines, Ltd. and Rio Tinto, a leading mining and metals company and largest dry bulk shipper in the world, signed the Partnership Agreement to enhance collaborations on not only Safety and Crew Welfare initiative but also decarbonization of maritime transportation on January 24, 2024, according to MOL’s release.

Collaboration on shipping decarbonization

MOL and Rio Tinto have agreed to further collaborate on shipping decarbonization in addition to the existing commitment to the DOO programme. The DOO programme is a Rio Tinto initiative aimed at enhancing safety and improving crew welfare in the dry bulk industry.

MOL Group has positioned environmental strategy as a key element of its “BLUE ACTION 2035” management plan, and set the target of achieving net zero GHG emissions by 2050 through some strategies such as adopting clean fuels to vessels and efficient operations in the “MOL Group Environmental Vision 2.2“.

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Source: MOL