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According to a statement by MOL, Dutch LNG supplier Titan will continue to supply bio-LNG fuel in Northwest Europe, while Switzerland-based Axpo will take charge of supply in the Mediterranean region.
MOL said these agreements enable the company to supply bio-LNG fuel to its car carriers in the Mediterranean region, including the ports of Malaga and Barcelona in Spain, following the bio-LNG fuel supply agreement with Titan in Western Europe, which commenced in March last year.
The Japanese firm did not provide further details regarding the agreements.
MOL noted that it is utilizing LNG-fueled vessels as a “bridge solution to facilitate the transition to carbon-neutral fuels such as bio-LNG and synthetic LNG (e-methane).”
Going forward, MOL will step up its efforts to reduce GHG emissions by expanding the geographic reach, volume, and quality of its bio-LNG fuel usage, it said.
In parallel with the expansion of its LNG-fueled fleet, MOL will continue to promote the adoption of a diverse range of “next-generation fuels”, including biofuels, methanol, ammonia, and hydrogen, the firm added.