Mitsui O.S.K. Lines, Ltd. (MOL) makes strategic investment in Ascension Clean Energy
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Thursday, June 15, 2023
Other Energy, Oil, Gas, Sustainability, Alternative Energy, Energy, Environment, Other Transport, Green Technology, Maritime, Chemicals, Plastics, Transport, Logistics, Supply Chain Management, Manufacturing, Hydrogen, MCE, Ichida, Carbon dioxide, Multimedia, Carbon, Joint venture, Primary energy, CHW, MOL, ACE, Methane, Growth, CO2, Coal, Hafnia
MOL Clean Energy, US, LLC (MCE), a 100 percent subsidiary of Mitsui O.S.K.
Key Points:
- MOL Clean Energy, US, LLC (MCE), a 100 percent subsidiary of Mitsui O.S.K.
- Lines, Ltd. (MOL), and Clean Hydrogen Works, LLC (CHW) today announce MCE as a Joint Venture shareholder in Ascension Clean Energy (ACE), a proposed world-scale, clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana.
- This clean energy will help decarbonize hard-to-abate sectors including power generation, bunker fuel, heavy transportation, steel processing and industrial applications.
- As one of the world’s largest shipping companies, MOL is well-positioned to help develop safe, sustainable, and efficient solutions to ship ACE’s clean hydrogen-ammonia to emerging clean energy markets across the globe.