announced that MOL will open a new office in Washington As a leading multimodal shipping group company with the world’s second-largest fleet we provide comprehensive logistics solutions with a strong focus on international shipping As global challenges continue to evolve-ranging from geopolitical uncertainties and stricter environmental regulations to increasingly intricate supply chains-strengthening cooperation with governments and international organizations has become more crucial than ever MOL strives to build relationships with diverse stakeholders and more effectively serve customers not only in the U.S but also on a global scale through information exchange and advocacy facilitates the group’s outreach to federal agencies and international organizations and embassies that serve as venues for multilateral consultations Top News,Events CSN is excited to announce the launch of a new high-level event that will be happening yearly ‘The 1st CSN Greece Shipping Debate’ Top News,Cyprus C.M.C.L Cyprus Marine Club Limited (CMC) hosted Members Get Together with a presentation from Mr Top News,Greece In the face of unpredictable provisioning costs and longer lead times MCTC has reinforced its commitment to supporting vessel… World,Word newsletter The British International Freight Association has launched a cargo community advisory body which will undertake a lot of the activity previously… Design & Development by P.KAN.DESIGNER Design & Development by P.KAN.DESIGNER Shipping line MOL has become the second ONE partner investing in direct air carbon capture and storage (DACC) The latest deal makes the carrier Climeworks’ first shipping customer DACC will be used to remove 13,400 tonnes of atmospheric CO2 by 2030 offset against that generated by MOL’s fleet The year got off to a good start for liners Hapag-Lloyd and Ocean Network Express .. IMO’s Marine Environment Protection Committee (MEPC) 83 meeting meant to establish robust mid-term decarbonisation measures ** EDITED AT 17:19 BST ON 09/04/25 TO INCLUDE COMMENT FROM ATLAS AIR DB Schenker has received its largest single order for sustainable aviation fuel (SAF) with Mercedes-Benz’s .. Ocean Network Express (ONE) has more than doubled its market share on intra-European trades over .. Last week’s International Maritime Organization (IMO) ISWG-GHG 18 meeting left little decided and much still .. United European Car Carriers (UECC) says surplus money from early adoption of alternative and green .. email: [email protected] email: [email protected] email: [email protected] email: [email protected] email: [email protected] Official Social Media Accounts To Our Stakeholders Marubeni Management Philosophy Vision for the Marubeni of the Future Company Profile Directors, Audit & Supervisory Board Members, and Executive Officers Mid-Term Management Strategy Organization Japan and Overseas Offices Corporate Governance Major Group Companies Our History Marubeni Collection Lifestyle Division Food & Agri Business Division Metals and Mineral Resources Division Energy & Chemicals Division Power & Infrastructure Services Division Finance, Leasing & Real Estate Business Division Aerospace & Mobility Division IT Solutions Division Next Generation Business Development Division Next Generation Corporate Development Division Pursue Digital Transformation with Marubeni Marubeni Group by the Numbers Management Policy Earnings Releases & Financial Information Stock Information Sustainability Website The Marubeni Group's Social Contribution Activities Advertisements and Videos Advertisements Marubeni Institute Company Profile Print “MOL”) announced today that the two companies have entered into a shareholders agreement to jointly establish a new company and retire*2 nature-based carbon removal credits.*3 will operate under the philosophy: “Open the way to a sustainable future through the power of people and forests.” The company aims to contribute to global environmental preservation and sustainable societal development through the creation and proxy retirement of nature-based carbon removal credits it plans to establish new forests covering 10,000 hectares in India aiming to start handling carbon credits from 2028 onwards The acceleration of the global movement toward decarbonization in recent years along with intensified efforts at the corporate and national level has put the spotlight on nature-based carbon removal credits based on methods that directly remove CO2 from the atmosphere (“carbon removal credits”) which utilize carbon sequestration by new afforestation and carbon capture and storage technologies such as carbon dioxide capture and storage (CCS) is expected to further expand in the future as an indispensable tool for achieving the “net zero” goal which is difficult to achieve by emission reductions alone nature-based carbon removal credits not only absorb CO2 These approaches make it possible to simultaneously combat climate change and protect the natural environment contributing to nature revitalization.  Marubeni and MOL will create and supply nature-based carbon removal credits through this project to strengthen initiatives to realize a decarbonized society and contribute to global environmental conservation and the development of a sustainable society ・    Marubeni’s initiatives toward decarbonizationMarubeni formulated its long-term vision for climate change in March 2021 and in its Mid-term Management Strategy “GC2024” it has positioned its green strategy as one of its basic policies for enhancing corporate value The company is focusing on renewable energy new energy businesses such as hydrogen and ammonia and sustainable forest management projects in Indonesia and Australia for CO2 sequestration and biodiversity conservation Marubeni is also generating and trading carbon credits through GHG reduction activities and support in collaboration with businesses in Japan and overseas Marubeni aims to contribute to decarbonization and realize a sustainable society The two companies will strive to create a bright future by harnessing the power of forests and combining their respective strengths *2 “Retire” refers to the process of cancelling carbon credit rights on behalf of customers *3 Nature-based carbon removal credits are carbon credits based on the direct removal of CO2 from the atmosphere through the use of natural ecosystems New afforestation and reforestation fall under this category Back The concession agreements were signed in Budapest by MOL Group chairman and CEO Zsolt Hernádi and Turkish Petroleum chairman and CEO Ahmet Türkoğlu MOL Group and Turkish Petroleum have entered into concession agreements with Hungary’s Ministry of Energy, granting the companies rights for joint hydrocarbon exploration in two concession areas in Hungary, Tamási and Buzsák, reported europétrole announced new mining concessions last autumn to enhance domestic production and mitigate import reliance MOL Group successfully secured four out of the five concessions it bid for The company independently bid for the Kiskőrös and Hatvan areas MOL Group chairman and CEO Zsolt Hernádi said: “I am proud to be signing this Concession Agreement along with our respected partner Today’s ceremony is the culmination of months of hard work in which we have taken MOL and TPAO’s cooperation to a new strategic level TPAO’s entry into the Hungarian upstream sector is also a vote of confidence by TPAO in the Hungarian business environment.” Don’t let policy changes catch you off guard Stay proactive with real-time data and expert analysis MOL and Turkish Petroleum are scouting for further collaborative opportunities across the Caspian region The companies formalised their strategic partnership last October with a memorandum of understanding to jointly engage in exploration field development and production projects across these regions Turkish Petroleum chairman and CEO Ahmet Türkoğlu said: “We have enjoyed a strong and long-standing partnership with MOL in Azerbaijan this collaboration has inspired us to pursue further opportunities together we took our first concrete step by signing a joint exploration agreement with MOL at two sites in Hungary we plan to leverage this positive momentum to inspire new joint ventures with MOL in various regions.” Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network Edward Burns made quite the impression after winning the Best Picture prize at the Sundance Film Festival with his 1995 masterpiece THE BROTHERS MCMULLEN signifying the emergence of a new and singular voice The plot synopsis for the film was "Three Irish Catholic brothers from Long Island struggle to deal with love with the plot synopsis sounding vaguely familiar - "Three Irish Catholic siblings from New York struggle to deal with love I'm not here to say that Edward Burns is a one-trick pony or that MILLERS IN MARRIAGE is recycled and tired The cast is impeccable and the narrative kept me interested even when I thought some plot points were a bit contrived or predictable Burns crafts characters that we want to care about Burns' gift of character and dialogue is that we are drawn into the maw of the devouring devils of his narratives.  fresh off a separation from his wife Tina (Morena Baccarin) and now dating one of her former colleagues Renee (Minnie Driver) Maggie is an active novelist married to inert novelist Nick (Campbell Scott) and Eve is a former rocker who gave it all up to raise a family with active rocker Scott (Patrick Wilson) Benjamin Bratt plays a journalist writing about the 90s rock scene vying to talk with either Scott or Eve about their experiences and Brian D'arcy James rounds out the cast as a groundskeeper in the New York state hamlet where they all escape the bustle of The City Each of these characters has their charms and their demons who is given one screeching note of distaste that he blows every moment he is onscreen as even the novelists throw around profanities when their ire is rankled giving an authenticity to the struggles onscreen While their lifestyle may appear beyond the average viewer the emotional highs and lows they must traverse ring as universal I was able to speak with Juliana Margulies ("The Good Wife," "ER") and Gretchen Mol ("Boardwalk Empire," THE LAST TIME I COMMITTED SUICIDE) about joining the cast and making a story about artistic elites accessible to the average viewer MILLERS IN MARRIAGE is available to stream now on all major platforms and in select theaters take care of those who take care of you.-McEric Putin and Lukashenko speak on Union State ties and united historical memory at Volgograd forum Russia proposes joint aviation venture with Belarus as part of expanded industrial cooperation Russian and Belarusian agents accused of plotting attacks on exiled Belarusians in Lithuania Belarus now ‘untouchable’ under Russia’s nuclear umbrella Post-war order teetering – rights watchdog Tensions flare in Azerbaijan–Russia ties despite Patriarch’s visit Russian manufacturing downturn eases with PMI of 49.3 in April Global press freedom indicator slips – Statista but playing second fiddle to the Northern Route Think-tank urges EU to consider 'Big Bang' enlargement and sweeping reforms EU swaps China for Russia in procurement of rare earth metals Trump policies won’t harm Emerging Europe badly – and will actively benefit Russia Incoming German government compromises on carbon offsets to boost flagging economy Hungary requests activation of national escape clause MOL and TPAO bring upstream partnership to Hungary casting doubt on government’s growth targets Poland’s manufacturing conditions improve for third consecutive month in April but outlook weakens Tusk unveils national doctrine to build strongest army Hungary and Slovakia warn EU against scrapping unanimity rule over Ukraine membership bid Protesters return to towns and cities across Slovakia against cabinet’s NGO bill Press freedom declines sharply in several Balkan countries Albania’s 2025 general election to test democratic institutions Western Balkan states increase use of surveillance Bulgaria-based crypto lender Nexo to return to US market Spanish blackout caused by extreme weather and a major renewables failure for the first time Croatia to prioritise economic cooperation as chair of Three Seas Initiative Moldova approves €8bn development plan for 2026-2028 George Simion takes decisive lead in Romanian presidential election first round Romanian nationalist politician Simion is strong frontrunner in presidential election first round Serbian president stable after falling ill during US visit PMI shows Turkish manufacturing stayed in doldrums in April Turkey pushes up exporter obligation to sell FX to central bank to 35% of revenues COMMENT: Embracing “Greater Central Asia” has become a strategic imperative for US Russia and Europe vie for investment in Central Asia Russia removes Taliban from terrorist list acknowledging it as legitimate leadership of Afghanistan Taliban seek $100mn from World Bank to restart work on CASA-1000 electricity transmission project COMMENT: Europe could benefit from partnering with Armenian tech innovation Armenia courts African countries to supply diamond industry Europe’s quest for Central Asian resources meets reality “Lost” Ottoman era painting reappears at Sotheby’s London MACRO ADVISORY: Kazakhstan’s High Stakes Oil Gambit Gold mine no cash cow for Kyrgyz government Kyrgyz PM gets polite brush off by US business executives China exports Xi Jinping Thought to Mongolia Boosting Mongolia’s democracy with reform remains an uphill battle China spikes Gazprom gas export plan in Central Asia Turkey’s foreign policy falling apart on all fronts First-ever Uzbek-language startup guidebook series launched to support aspiring entrepreneurs Oil is a major source of income for eight African countries – OWID Sanctioned Russian cargo ship sinks in Mediterranean after explosion Russia's budget oil breakeven price world’s second lowest as oil revenues recover Southeast European countries look to Algeria to diversify energy supplies Sub-Saharan Africa is home to 16% of the global population but 67% of extreme poverty - OWID Russia's expanding pull in Africa is pushing Western influence out EBRD delivers 26% expansion in investments in 2024 Global access to energy starts to fall for the first time in a decade Saudi Arabia hosts kingdom's first Africa summit Putin at 2023 Africa-Russia summit: Wiping debts Botswana throws the diamond industry a lifeline Nelson Mandela worried about natural diamonds Botswana’s 2,492-carat diamond discovery is golden opportunity to replicate legendary Jonker diamond's global legacy Kamikaze marketing: how the natural diamond industry could have reacted to the lab-grown threat Guns and gold: how two coups reshaped Burkina Faso’s mining sector Russia’s Rosatom to support nuclear projects across Africa at AEW2024 Chase and HSBC reportedly unwittingly processed payments for Wagner warlord Prigozhin Burkina Faso the latest African country to enter nuclear power plant construction talks with Russia IMF: China’s slowdown will hit sub-Saharan growth Moscow unlikely to give up Niger toehold as threat of ECOWAS military action looms CAR mercenary becomes first African to die in Ukraine conflict Russia to capitalise on Africa’s growing energy demand Minerals for security: can the US break China’s grip on the DRC BRICS seeks new global alignment at Rio ministerial summit BRICS labour meeting in Brasilia tackles AI impact CONFERENCE CALL: Aurora Women in Tech Global Awards France call for immediate ceasefire in Gaza amid trilateral summit in Cairo Can Eritrea’s mining sector flourish under autocratic rule SDS storms fed by sand and dust equal in weight to 350 Great Pyramids of Giza US Treasury targets Iran's National Oil Co HALLIGAN: Trump's tariffs are either madness or genius – it could go either way Brazil hosts first BRICS Sherpas meeting with expanded membership From oil to minerals: Gabon’s ambitious mining transition Guinea grants final approvals to Rio Tinto for $11.6bn Simandou iron-ore project PANNIER: Prince Karim Aga Khan IV obituary New Aga Khan takes helm of Ismaili Shi'ite Muslims Liberia’s mining resurgence: from conflict to opportunity US adds 17 Liberian-flagged bulk carriers and oil tankers to Russian sanctions-busting blacklist Force majeure at Libya’s Zawiya Refinery threatens exports and oil expansion plans facing loss of Syrian base for Africa operations seen turning to war-torn Sudan or divided Libya Libya’s mineral riches: unlocking a future beyond oil Russia funding war in Ukraine via illegal gold mining in Africa – WGC report Ukraine claims it was behind massacre of Wagner Group mercenaries in Mali Uzbekistan's Startup Garage arrives in North Africa with Casablanca launch EBRD warns of risks for emerging markets pursuing industrial policies Can Morocco's phosphate wealth put it at the centre of the global battery supply chain Foreign agricultural workers flock to South Africa as sector expands Russia's nuclear diplomacy binding emerging markets to the Kremlin Can Niger's military junta seize the country's uranium opportunity Disaster season: heat waves sweep the world – in charts and maps Niger and beyond: Francophone credit delivers coup de grâce From blood diamonds to critical minerals: Sierra Leone’s mining transformation 10 African countries to experience world’s fastest population growth to 2100 Global military spending surges to $2.7 trillion – Statista SITREP: Middle East rapidly destabilised by a week of missile strikes Gold and guns: how civil war keeps Sudan's mineral riches in the ground Colombian mercenaries trapped in Sudan’s conflict COMMENT: What impact will a raft of protests across the Emerging Markets have Tunisian President Kais Saied re-elected for second term Sri Lanka's LTL Holdings targets African power sector WHO declares "global public health emergency" owing to mpox outbreak in Central Africa Climate crisis-driven global food security deteriorated between 2019 and 2022 and is even affecting the US Reserve Bank of India signals further rate cuts as inflation eases and growth outlook weakens Singapore eases monetary policy again as growth outlook dims and tariff pressures mount Russia and Indonesia work on direct bank settlement framework to bolster trade Bank of Korea expected to lower rates in April despite currency slide IMF: Global debt to exceed pandemic levels soon Oil falls 3.75% amid global trade war recession fears Chipping point – the climate toll of AI chip-making in East Asia Indonesia’s coal politics: maintaining a strategic market price despite Chinese resistance India moves to cut reliance on Chinese solar modules and PV cells Google backs Taiwan’s geothermal future in landmark Asia-Pacific energy deal mobility infrastructure in western Himalayas India eyes deeper trade ties with trusted economies Record gold prices to hit sales volume of Indian jewellery retailers Beijing VS Washington on rare earths – and why the US is losing Vietnam gold prices hit record highs as global bullion rallies Indonesia to launch national data centre by April 2025 Tehran-based ride-hailing giant sets record with nearly 6mn daily trips Chinese threat to submarine cables emerges in Indo-Pacific BMI: New US tariffs set to reshape economic landscape across Middle East US deploys six B-2 bombers to Indian Ocean ahead of Iran standoff Arab League and UN condemns brutal Israeli airstrikes on Gaza COMMENT: Gulf states court Russia but stop short of strategic shift Trump threatens sanctions on buyers of Iranian oil Iranian exporters eye expanded routes via Canadian association Iraq facing worst drought in history as water resources dwindle and climate crisis intensifies Unemployed Iraqi engineers block Lukoil’s site in Basra Kazakhstan will put national interests over OPEC+ oil limits US forces withdraw from military base in Syria's Al-Hasakah province Israel to respond against Yemen for missile on Tel Aviv airport COMMENT: Israel is attempting to destabilise Syria Aid ship to Gaza hit by drone strikes near Malta in international waters Israeli fighter jets strike targets near the Syrian presidential palace Ryanair and Wizz Air to launch direct flights to Jordan in April Netanyahu to discuss Turkey-Israel relations with Trump at White House on April 7 Syrian foreign ministry urges Kuwait to reopen embassy in Damascus Middle East markets suffer massive losses as Trump tariff effects continue Deadly Israeli air raids heighten risk of renewed Lebanon-Israel conflict Israel launches airstrikes on Beirut's southern suburb amid Lebanon escalation Missile sirens sound in northern Israel amid Lebanon border tensions Is Oman the 'Switzerland of the Middle East' Iran FM to visit Russia ahead of second round of US talks Israel faces major wildfires in Jerusalem hills as authorities evacuate villages Indonesian President Prabowo’s Middle East mission: Humanitarian diplomacy or saviour complex COMMENT: Is Israel's Prime Minister committing political suicide Saudi Arabia deploys AI to streamline Hajj Saudi Arabia's Riyadh Air plans first flights for late 2025 Saudi Arabia's US Treasury holdings fall to $126.4bn in February Montenegro mega beach deal reignites debate over UAE investments in Western Balkans Protesters against UAE beach development deal target Montenegrin parliament Turkey says it wants no confrontation with Israel in Syria ECLAC cuts Latin America growth forecast amid global uncertainties LatAm set to be world's slowest-growing region as World Bank slashes forecasts Trump’s trade tariffs push Mexico towards recession and weigh on regional growth Latin American leaders blast US tariffs at CELAC summit as China offers economic lifeline Why investors are turning their gaze to Latin America after Trump tariffs Gazprom abandons Bolivia's Azero project after 16 years of unfulfilled promises Brazilian police foil bomb plot targeting Lady Gaga's 2mn people Rio concert IMF suspends Colombia's flexible credit line amid fiscal concerns Colombia’s import surge deepens trade deficit Latin America to miss more than three-quarters of 2030 sustainability targets EU observers reject election fraud allegations in Ecuador Ecuador's Noboa secures presidential win with 55.95% of vote El Salvador plays defiant game with IMF Bitcoin rules Trump and Bukele cement controversial migrant deportation deal Cross-border oil smuggling reveals dark underbelly of US-Mexico trade nexus Mexico rejects bleak IMF recession forecast Panama’s Mulino rules out mining law in bid to restart First Quantum project Trinidad opposition sweeps to power in decisive election victory Venezuela embraces Russian GLONASS in challenge to US satellite dominance Japanese official warns of wider Asian security impact of Trump tariffs ASIA BLOG: Is China preparing to poke the paper tiger in the White House Asian giants thrive in Russia despite sanctions ASIA BLOG: China suddenly recognises need for community Myanmar junta chief to attend regional summit in Bangkok Southeast Asia's leading economies ponder possible US tariffs as 90-day pause takes effect China doubles down on Cambodia ties amid global trade tensions but Myanmar’s celebrations damped by earthquake aftermath Albanese defies ‘incumbency curse’ with a landslide re-election in Australia Pakistan airspace closure impacts around 600 Indian flights war clouds hover over the Indian subcontinent Nusantara: Indonesia’s grand ambition to reshape its future Empty shelves and soaring costs hit Japan’s rice supply China to boost Russian LNG imports in 2025 Myanmar’s recovery stalls as extent of losses still not known North Korea acknowledges deployment of troops to support Russia in Kursk region North Korea is making billions of dollars a year from supplying Russia with weapons India bans Pakistani Youtube channels over provocative content after Kashmir attack US imposes preliminary duties on Southeast Asian solar imports Papua New Guinea tribal conflict leaves 30 dead amid gold mine dispute Singapore election outcome a ‘clear signal of trust South Korea’s PPP narrows presidential field to two finalists China accuses US of sophisticated cyberattacks Thailand's Maha Songkran World Water Festival draws over 558,000 visitors Magnit acquires controlling stake in Azbuka Vkusa German Prosecutors Confirm Termination of Money Laundering Investigation Against Alisher Usmanov Comments by President of the Russian Fertilizers Producers Association Andrey Guryev on bilateral meeting between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin PhosAgro/UNESCO/IUPAC green chemistry research grants awarded for the 8th time to world's best young scientists Download the pdf version Download the pdf version Download the pdf version Download the pdf version Hungarian oil and gas company MOL and Turkish peer TPAO are partnering on hydrocarbon exploration and production in the west of Hungary Minister of Foreign Affairs and Trade Peter Szijjarto said after a meeting with Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar in Budapest Szijjarto said the partners had established a joint venture for the purpose and signed two concession contracts in southern Hungary (Tamasi and Buzsak) TPAO will invest around HUF6bn (€15mn) there MOL and TPAO have worked together for a decade already operating a gas field in Russia and establishing long-term cooperation in Azerbaijan Szijjarto acknowledged Turkey's role in ensuring Hungary's secure energy supply and said gas volume delivered through the TurkStream pipeline was close to 2.5bcm in 2025 roughly 30% of the country's gas needs.  He added that the pipeline had put Hungary's gas supply on sure footing allowing the continuation of the regulated utilities price scheme for households Turkish Energy Minister Alparslan Bayraktar called the agreement a "milestone" in a long-standing energy partnership between the two countries The collaboration is expected to extend beyond Hungary to third countries "Both Turkey and Hungary face similar challenges as import-dependent countries," Bayraktar said pointing to recent European power outages as a reminder of the urgency of energy security Turkey's first gas export to a non-neighbouring country was based on an agreement signed in 2023 and finalised in February 2024 between Turkish state oil and gas company BOTAS and Hungarian utility giant MVM In a separate statement, MOL said that the sides had signed an MoU in October 2024 on cooperating in upstream activities in the Caspian Sea region the Middle East and Central and Eastern Europe The concession contracts were signed by MOL chairman-CEO Zsolt Hernadi and his counterpart at TPAO MOL remains the dominant force in the country’s hydrocarbon sector accounting for 47% of domestic crude oil production and nearly 90% of natural gas output in 2024 Operating some 1,300 production wells across Hungary the company delivered almost 600,000 tonnes of crude and 1.5bn cubic metres of gas last year Hungary continues to serve as MOL’s most important upstream base representing roughly 39% of the group’s total production Recent exploration successes has pushed its local production to a five-year high MOL has drilled 24 successful shallow gas wells in recent years and expanded its footprint in eastern Hungary through acquisitions covering a 1,000-sq km area with 29 producing wells and further exploration potential the group maintains exploration and production assets in nine countries and is active in eight Average daily production reached 93,800 barrels of oil equivalent (boe) in 2024 As part of its push to deepen its international footprint MOL has signed cooperation agreements with national oil companies in Kazakhstan (KazMunayGas) Turkey’s Calik Holding has recently signed the contract with state-owned energy group MVM on the construction of a 1,000-MW combined cycle gas-fired power plant (CCGT) in northeastern Hungary from a HUF500bn investment partnering with Italy’s Ansaldo Energia in the consortium The plant will generate 7,500 GWh of energy a year when it is completed in three to three-and-a-half years Energy Minister Csaba Lantos hailed the project as a step toward reducing Hungary’s energy dependence Prime Minister Viktor Orban announced two years ago that Hungary would build three CCGTs with a total 1,650-MW capacity to meet the rising energy demands of new industrial sites and to provide reliable backup energy sources will be constructed at the MVM Tisza Power Plant in Tiszaujvaros in northeastern Hungary The third power plant will be built by a consortium led by Status KPRIA, a company owned by Lorinc Meszaros for a €14.7mn The other members include Hungarian-owned WHB and Egyptian-based Elsewedy Electric for Power System The new facility will be located adjacent to Matrai Eromu Hungary's largest lignite-fuelled power plant and second-largest electricity generator Check the box to receive the e-magazine to your inbox every month for free Get notified when there's a new bne IntelliNews Podcasts added Please select what you would like included for printing: Copy the text below and then paste that into your favorite email application A funeral service for family and friends will be held on Monday at 1:30 PM at the Centerpoint Church of Sioux Center Interment with military honors will follow the funeral service in in Memory Gardens Cemetery of Sioux Center  Peter Mol Livestream Link Visitation will be held 1 hour prior to the funeral service at the church the Mol family prefers memorials to Words of Hope.  the son of Clarence and Gertie (Proper) Mol He grew up on the family farm with his four siblings attended Country School and Sioux Center High School  Peter enlisted in the United States Army in September of 1953 until his honorable discharge in September of 1955 from Ft  He was united in marriage to Bertha Achterhoff on November 9 at the First Christian Reformed Church in Rock Valley Peter and Bertha made their home on an acreage northeast of Sioux Center He farmed until the early 1970’s and then held various forms of employment until retiring from Sioux-Preme Packing Co before entering Accura Healthcare of Aurelia in February of 2022  A memorable moment in Peter’s life was his trip with the Midwest Honor Flight in September of 2019 Those left to cherish his memory are his wife of 69 years IA; 8 grandchildren; 5 great grandchildren; sister Click to watch Enter your phone number above to have directions sent via text This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply Service map data © OpenStreetMap contributors Lines (MOL) has acquired 100% of the membership rights of LBC Tank Terminals Group Holding Netherlands Coöperatief (LBC) one of the world’s largest independent tank terminal operators primarily handling and storing chemicals in Europe and the United States MOL aims to strengthen its chemical logistics business The sale and purchase agreement was signed on March 7 with the acquisition price expected to be approximately $1.7 billion The closing of the transaction is subject to obtaining permits and approvals from the relevant authorities LBC is one of the largest global independent tank terminal companies operating seven terminals in the world’s leading chemical hubs in Europe With a total storage capacity of approximately 3 million cubic metres pipelines and loading facilities for rail and truck transport LBC supports the supply chains of customers such as chemical manufacturers and energy companies through storage services at shipping and arrival ports MOL has already expanded chemical tanker business by acquiring shares in Nordic Tankers in 2019 and Fairfield Chemical Carriers in 2024 boasting one of the largest fleets in the world MOL has gained onshore storage capabilities at tank terminals and expanded its lineup to include everything from maritime transport to small-lot transport using tank containers “This enables us to flexibly meet diverse customer transportation needs and establish a ‘Total Chemical Logistics Service’ system aiming to lead the global chemical logistics industry with demand for the transportation of ammonia and CO2 expected to grow as a result of a more decarbonized society MOL Group will accelerate the development of its next-generation energy business by adding onshore storage to its logistics offering through the acquisition of LBC,” MOL said in a statement The offshore rig market recovery appears to have taken a pause with demand tapering off and marketed utilization hitting… U.K.-based PD Ports has outlined its plans to develop one of the U.K.’s largest offshore wind manufacturing and installation… Belgium-based offshore installation services company DEME has completed the acquisition Havfram The Mediterranean Sea Emission Control Area (ECA) for sulphur oxides enters into effect on 1 May.This will make the Mediterranean… we excel in creating stunning illuminated yacht names and logos and cutting-edge LED and fiber optic solutions Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service delivered to your Email five times per week Top Page > Press Release 2025 > Install Wind Challenger Hard Sail Propulsion Systems on LNG Carrier Serving Tokyo Gas together on a newbuilding LNG carrier (Note 1) that will be under a long-term charter to TLT As the world's largest owner of LNG carriers MOL remains committed to promoting a decarbonized society Through proactive efforts to reduce the environmental footprint of LNG ocean transport we are addressing the increasing global demand with innovative and sustainable approaches (Note 1) The order for this vessel was announced in the March 5, 2024, press release: MOL and TLT Signs Long-Term Charter Deal for Newbuilding LNG Carrier (Note 2) Vessels Equipped with the Wind Challenger 2025 (GLOBE NEWSWIRE) --  CMB.TECH NV (“CMBT” “CMB.TECH” or “the Company”) (NYSE: CMBT & Euronext: CMBT) is pleased to announce that it has signed an agreement with Mitsui O.S.K (“MOLCT”) for nine ammonia-powered vessels These vessels will be among the world's first ammonia-powered Newcastlemax bulk carriers and chemical tankers The delivery of these ships is expected between 2026 and 2029 and CMB.TECH involves nine ammonia-powered ships Three ammonia-fitted 210.000 dwt Newcastlemax bulk carriers currently on order at Qingdao Beihai Shipyard will be jointly owned by CMB.TECH and MOL and chartered to MOL for a period of 12 years each Six chemical tankers - two ammonia-fitted and four ammonia-ready - have been ordered at China Merchants Jinling Shipyard (Yangzhou) by CMB.TECH and chartered to MOLCT for 10 and 7 years each respectively The Newcastlemaxes will be delivered in 2026 and 2027 whilst the chemical tankers’ delivery is expected in 2028 and 2029 CEO of CMB.TECH said: ”We are proud and honoured to sign this landmark agreement with MOL and MOLCT one of the most respected shipowners in the world MOL and CMB.TECH share the same vision of decarbonising the maritime industry and the partnership for these nine vessels is a major milestone towards achieving shipping industry’s goals of net zero emissions by 2050 CMB.TECH increases its contract backlog by 921 million USD (to USD 2.94 billion USD) clearly demonstrating that our strategy of fleet rejuvenation decarbonisation and diversification is yielding tangible results.”  Announcement final year results – 27 March 2025About CMB.TECH CMB.TECH is a diversified and future-proof maritime group We own and operate more than 150 seagoing vessels: crude oil tankers We also offer hydrogen and ammonia fuel to customers through own production or third-party producers CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT More information can be found at https://cmb.tech is a leading shipping company with the world’s second-largest fleet of about 900 vessels and the largest chemical tanker fleet globally In addition to the traditional shipping businesses MOL also offers wellbeing & lifestyle businesses such as real property as well as social infrastructure businesses such as logistics and offshore wind power  With one of the largest merchant fleet and about 140 years of history MOL will make a leap forward to become a global social infrastructure company support people's daily lives from the blue ocean Website: https://www.mol.co.jp/en/ the company has the industry's largest stainless steel tank chemical fleet of more than 110 vessels in service worldwide transporting a wide variety of liquid chemicals The company employs approximately 410 people and operates a total of 12 offices in Tokyo Website: www.molchemtankers.com Reporting by Krisztina Than; Editing by Emelia Sithole-Matarise and Nick Zieminski Our Standards: The Thomson Reuters Trust Principles., opens new tab , opens new tab Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. , opens new tabScreen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. © 2025 Reuters. All rights reserved now starring in the upcoming film 'Millers in Marriage,' tells PEOPLE she loves life out of the spotlight A funeral service for family and friends will be held on Monday, February 10, 2025, at 1:30 PM at the Centerpoint Church of Sioux Center. Interment will follow the funeral service in Memory Gardens Cemetery of Sioux Center. The service will be livestreamed on CenterPoint Livestream's Page. In lieu of flowers or gifts the Mol family prefers memorials to be sent to the Alzheimer's Association. the daughter of Louis and Johanna (Kraayenbrink) Achterhoff in Rock Valley She grew up on a farm 1 ½ miles West of Perkins corner with her four older siblings Bertha graduated from Western Christian High School Bertha was united in marriage to Peter Mol on November 9 They made their home on an acreage northeast of Sioux Center Bertha worked as a nurse’s aide at Orange City and Sioux Center Nursing Homes Bertha liked working in the nursery and helping with M.O.P.S at church She was happiest when she spent time with her family Those left to cherish her memory are her children She was preceded in death by her parents Louis and Johanna; husband Lucille (Bill) Lammers; and brother-in-law Top Page > Press Release 2025 > MOL Completes the Acquisition of Shares of Making Gearbulk a Consolidated Subsidiary - Now Has World-Leading Dry Bulk Fleet - (MOL; President & CEO: Takeshi Hashimoto) today announced that on January 20 after obtaining approval from the relevant authorities under the competition law it acquired 72% of the shares of its equity method affiliate Gearbulk Holding AG (Chairman/CEO: Kristian Jebsen making the company a consolidated subsidiary Gearbulk has a proven track record of growth through the transport of semi-finished products such as pulp MOL has had a 34-year partnership with Gearbulk since its equity participation in 1991 the MOL Group's fleet of dry bulk carriers will total 338 vessels making it the world-leading dry bulk fleet(Note 2) will account for about 60 of those vessels and is expected to grow as a distinctive business and give the MOL Group a competitive advantage which responds to the global economy's changing supply chains and trade patterns through Gearbulk's highly specialized operations and worldwide network Gearbulk will further strengthen its services by creating synergies such as the creation of new business opportunities and improving the efficiency of ship allocation MOL also expects these efforts to contribute significantly to setting its services apart from those of its competitors MOL will strive to accelerate profitable growth and sustainably enhance corporate value by mobilizing and strengthening the management resources of the entire group Top Page > Press Release 2025 > MOL Deploys the World's First Ammonia-fueled Capesize Bulkers and Chemical Tankers (MOL; President & CEO: Takeshi Hashimoto) today announced that MOL and its MOL wholly-owned subsidiary MOL Chemical Tankers Pte (MOLCT; CEO: Akira Sasa; Head Office: Singapore) have decided to jointly own and charter a total of nine Capesize bulkers and chemical tankers that can run on ammonia These will be the world's first ammonia dual-fuel Capesize bulkers and chemical tankers Amid the trend toward decarbonization, ammonia is drawing worldwide attention as a next-generation clean energy source, and the ocean shipping industry is accelerating its moves to strategically utilize ammonia as a fuel. The MOL Group also intends to adopt ammonia, as shown in the chart below, in its "MOL Group Environmental Vision 2.2" to achieve net-zero GHG emissions by 2050 MOL will continue to pursue these initiatives and contribute to the realization of a decarbonized society (Note) Vessels that can be converted to ammonia-fueled vessels in the future Top Page > Press Release 2024 > MOL Obtains 3rd Party Certification for Pure Car Carrier Book and Claim Service - Service Slated to Begin in January 2025 - (MOL; President & CEO: Takeshi Hashimoto) today announced that it has received third-party certification for its book and claim (Note 1) service for pure car carriers after an audit by Nippon Kaiji Kyokai (ClassNK) This is the first time that ClassNK has granted third-party certification of book and claim methodology in the Japanese maritime shipping industry MOL will begin this service in January 2025 This service will allow MOL to allocate the greenhouse gas (GHG) reduction value resulting from the use of low-carbon fuels in our car carrier fleet as certificates to customers of our car carrier transport service we can record the GHG emission reductions (reduction value) compared to when they run on fuel oil and customers using this book and claim service can claim the GHG emission reductions for their own MOL has obtained validation from ClassNK for the methodology of this service MOL has decided to launch 14 new LNG-fueled car carriers While reducing its own GHG emissions through the adoption of more environmentally friendly fuels and other measures it will also pursue initiatives to contribute to the reduction of GHG emissions in society at large with the aim of achieving net-zero emissions by 2050 (Note 1) This method allows customers to register (book) the GHG reduction value of ship transport services using low-carbon fuels, etc., and then claim the value of the reduction (claim) by customers who have been granted an allocation of the GHG reduction value. MOL is making company-wide efforts to adopt the book and claim method, as a board member of the Book and Claim Community an environmental initiative to decarbonize international logistics Top Page > Press Release 2025 > MOL Invests in 13 Mari Developer of Ripple-shaped 'Flowsmart' Elements - Moving to Create New GHG Reduction Solutions - (MOL; President & CEO: Takeshi Hashimoto) today announced that I it has invested in 13 Mari Ltd (Representative: Chief Executive Officer Krassimir Fotev a developer of ripple-shaped "Flowsmart" elements (Note 2) that are retrofitted to ships' hulls with the goal of developing and providing new solutions for greenhouse gas (GHG) emission reduction The ripple-shaped Flowsmart element developed by 13 Mari uses technology which has been incorporated into the shape of aircraft wings and as aero parts for automobiles and it is based on the concept of controlling the flow of water near the hull to reduce drag and bring out the original performance of the vessel The company aims to improve the fuel efficiency of vessels and achieve stable navigation The ripple-shaped Flowsmart elements are expected to reduce GHG and fuel consumption by 3%-7% on vessels retrofitted with 10 to 20 of the elements and even more when combined with currently available energy-saving devices such as wind propulsion systems and various types of fins and retrofitting does not require a large capital investment or retrofitting work they can be used in various fields of the shipping industry representing an environmental solution that can be taken now They may prove especially effective in the small and medium-sized ship sector where it has been difficult to introduce wind propulsion systems due to the limited device and equipment layout space on board where the introduction of next-generation fuels has been limited due to restrictions on the design and development of new ship types and ports of call MOL seeks to promote GHG emission reductions and build momentum in the entire maritime industry for the introduction of new technologies in these fields by playing a role in the development and introduction of new technologies as a first mover MOL has established the "MOL Group Environmental Vision 2.2" and set the goal of achieving net-zero GHG emissions by 2050 with "further introduction of energy-saving technologies" as a key strategy to achieve the target By investing in 13 Mari and supporting its technology development MOL will promote this key strategy and contribute not only to the reduction of GHG emissions from the group companies but also to the reduction and decarbonization of society as a whole Top Page > Press Release 2025 > MOL Signs MOU with Madoqua & Other Global Leaders to Develop Green Corridor Connecting Portugal to Northern Europe (MOL; President & CEO: Takeshi Hashimoto) announced the signing of a memorandum of understanding (MOU) to develop a green corridor connecting Portugal to Northern Europe with Madoqua Renewables Holding Lda (Madoqua)(Note) and other global leaders (figure below) Madoqua is a renewable energy developer and will be the project coordinator focused on driving collaboration across the entire value chain The MOU reinforces MOL’s leadership in sustainable shipping innovation This Green Corridor project aims to establish a shipping route where low-emission shipping solutions are utilized and low carbon fuels are transported Asia and North America have come together to support the development of this Green Corridor The collaboration includes diverse sections of the energy transition value chain industrial corporates committed to decarbonization green fuel producers and alternative fuel off-takers MOL will play a key role in enabling the transportation of green fuels and CO2 while promoting the use of zero-emission ships to decarbonize the maritime transport sector In collaboration with other stakeholders, MOL will provide strategic insights into logistical and operational requirements for green fuels, helping shape the future of green corridors. This initiative is part of the "Build business models that enable net zero emissions," one of the actions set forth in our group's Environmental Vision 2.2 and aligns with our goal of achieving net zero greenhouse gas (GHG) emissions by 2050 contributing to global efforts toward achieving a greener MOL has discovered a new oil field near Somogysámson in Western Hungary During the exploration drilling carried out in December 2024 the well has potential to produce 1,200 bpd we have again discovered a new oil field – this time in the Transdanubian region where we last discovered oil more than a decade ago,” said Zsombor Marton Executive Vice President of MOL Group Exploration and Production “The fact that we achieved this success in the concession belonging to Bázakerettye which has an almost 100-year oil industry tradition is clear evidence that there is still potential in hydrocarbon exploration in Hungary We are discovering previously unknown hydrocarbon deposits one after the other and further strengthening the country's security of supply: with the oil deposits in Vecsés and Tura and the natural gas fields in Eastern Hungary we have reached a five-year peak in domestic production.”  our oil supply is largely via pipelines and intermediaries,” added Dr “It is clear that we need to reduce Hungary's import dependence by all means available We will continue our investments and will do our utmost to maintain and The drilling of the new well in the Somogysámson oilfield Based on the well tests carried out prior to March 2025 the well is currently proven to be capable of producing 1,200 bpd which is transported by truck to the Danube Refinery in Százhalombatta This new discovery will also help meet the country's energy needs MOL has ambitious E&P investment plans the company plans to invest approximately HUF 150 billion in oil and natural gas production in Hungary MOL is the largest hydrocarbon producer in Hungary producing at almost 1,300 oil and natural gas wells MOL provided 47% of crude oil (almost 600,000 tonnes) and nearly 90% of natural gas (nearly 1.5 billion m3) of domestic production Hungary is the most significant in the MOL Group's oil and gas production portfolio currently accounting for approximately 39% of total production The oil production of the Som-8 well is around 1200 bpd accounting for about 1% of MOL Group's total hydrocarbon production As part of MOL Group's international portfolio the company has oil and gas exploration and production assets in nine countries it produced an average of 93.8 thousand barrels of oil equivalent per day (boed) To maintain the updated SHAPE TOMORROW strategy target of at least 90,000 bpd production level over the next five years the company aims to further strengthen its international portfolio and seeks additional strategic partnerships it has recently signed cooperation agreements with the national oil company of Kazakhstan (KazMunayGas) the national oil company of Azerbaijan (SOCAR) and the national oil company of Türkiye (Turkish Petroleum) Top Page > Press Release 2025 > MOL Switch Invests in Twelve Developer of E-fuels - Contributing to the Spread and Expansion of Clean Energy - (MOL; President & CEO: Takeshi Hashimoto) today announced that Twelve Benefit Corporation (Twelve; Representative: Nicholas Flanders; Headquarters: California the carbon transformation company developing synthetic fuels (E-fuels) and chemicals raised an additional $83 million USD in February following the momentum of their $645 million funding announcement last fall Twelve is backed by investments from MOL Switch LLC (Note 1) (CEO: Tomoaki Ichida MOL's wholly owned subsidiary formed to invest in decarbonization technologies Top Page > Press Release 2024 > MOL to Merge 3 Group Companies to Form a Technical Hub that puts Maritime Industry on Path to Achieve Decarbonization (MOL; President & CEO: Takeshi Hashimoto) today announced that effective April 1 it will merge three group subsidiaries responsible for maritime technology and engineering: MOL Marine & Engineering Co. (MOLMEC; President and CEO: Kazuhiko Kikuchi; Head Office: Minato-ku (MOLST; President: Yuji Anada; Head Office: Minato-ku The official name of the new company will be announced in March 2025 will offer seamless services ranging from maritime and new shipbuilding consulting and crew support to operational support and maintenance the company will focus on the use of digital technology to support MOL's growing businesses including the wind power generation business a key area targeted for investment and expansion Through its wide-ranging lineup of services the new company will contribute to the realization of a carbon-neutral maritime industry Outline of companies involved in the merger Top Page > Press Release 2025 > Environmentally Friendly Multi-purpose Vessel Prima Verde Delivered - World's 1st Vessel to Run on Marine Gas Oil (MGO) and Wind Assisted Propulsion Simultaneously; Hull Features 'Green Steel' - The MOL Group aims to achieve net zero GHG emissions by 2050 as stated in the "MOL Group Environmental Vision 2.2" through environmentally friendly transport such as this project (Note) The term "multi-purpose vessels" refers to vessels that transport steel products Top Page > Press Release 2025 > Launch of 'BLUE ACTION NET-ZERO ALLIANCE,' Group-wide Carbon Inset Program for Ocean Transport - Accelerating Process toward Net Zero through Co-Creation with Stakeholders - (MOL; President & CEO: Takeshi Hashimoto) today announced the launch of a new program This program contributes to reducing the Scope 3 GHG emissions of actual shippers and NVOCCs (Note 1) that use ocean transport services by continually offering and enhancing low-emission marine transportation services using alternative fuels through co-creation with marine transportation-related stakeholders MOL became the first shipping company in the Asia-Pacific region to issue the environmental attributes certificates (EACs) of low-emission voyages using alternative fuels (Note 2) tradable on a platform built in collaboration with the Dutch startup 123Carbon B.V MOL has established a system that can ensure operations from implementing low-emission voyages using alternative fuels in the MOL Group-operated fleet to issuing EACs and allocating them to customers the MOL executed transactions with three major NVOCCs for the issued EACs: NIPPON EXPRESS HOLDINGS These factors led to the launch of this program [How to accelerate the achievement of net-zero marine transportation services through this program] For more information on how digital certificate trading works, please refer to the introduction page of this program on the Business-specific Website 'MOL Solutions.' In the "MOL Group Environmental Vision 2.2," the MOL Group has identified "Build Business Models that Enable Net Zero Emissions" as one of the actions to realize net-zero emissions. The launch of this program is one of the specific examples. In addition, in "BLUE ACTION 2035" MOL Group has set visions to address sustainability issues and it has established the investment plan aligned with the Environmental Strategy to support the establishment of clean marine fuel supply chain in addition to fleet arrangement and is moving forward with these initiatives MOL will deepen dialogue with stakeholders related to marine transportation and strive to offer low-emission marine transportation services in line with the customers' requirements while promoting appropriate environmental investments to realize such services Top Page > Press Release 2024 > MOL and Chevron Shipping Company to Install Wind Challenger on LNG Carrier Wind-Assisted Ship Propulsion Systems is an LNG Shipping First SAN RAMON/TOKYO - As part of their ongoing commitment to lower the carbon intensity of their operations (MOL) and Chevron Shipping Company LLC (Chevron) announced an agreement to install Wind Challenger a hard sail wind-assisted ship propulsion system developed by MOL and Oshima Shipbuilding together (Note 1) to a new build LNG carrier under long term charter from MOL Encean Pte (MOL's 100% indirectly owned subsidiary) to Chevron Asia Pacific Shipping Pte This vessel will mark the world's first LNG carrier equipped with Wind-Assisted Ship Propulsion Systems The vessel is under construction at the Geoje Shipyard of Hanwha Ocean Co. MOL obtained an approval in principle (AiP) by Nippon Kaiji Kyokai (Class NK) - a first for an LNG carrier with a Wind-Assisted Ship Propulsion System (Note 2) The Chevron chartered vessel will be the first application Wind Challenger will help reduce fuel consumption and GHG emissions by using its unique telescopic sails In addition to the robust design of Wind Challenger itself additional safety measures include a fully enclosed navigation bridge and a lookout station on the vessel's fore deck to further enhances visibility the installation position of the Wind Challenger aims to minimize impact on the existing design of membrane type LNG Carriers It will enable the retention of the existing mooring arrangement unchanged and thereby minimize impacts on ship shore compatibility together with limited impact on the vessel's windage area "We're proud to partner with MOL in Wind Challenger's industry-first LNG installation," said Barbara Pickering "This is another example of using novel approaches in hard-to-abate sectors to reduce carbon intensity in our LNG fleet." The Wind Challenger technology will be on exhibit at the MOL booth at Gastech Exhibition & Conference 2024 in Houston Information sessions on how the technology can be applied to both LNG carriers and other vessels will also be held CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 Top Page > Press Release 2025 > Acquisition of LBC Tank Terminals - Accelerating our transformation into a social infrastructure company - (MOL; President & CEO: Takeshi Hashimoto) today announced its decision to acquire 100% of the membership rights of LBC Tank Terminals Group Holding Netherlands Coöperatief U.A one of the world's largest independent tank terminal operators primarily handling and storing chemicals in Europe and the United States to strengthen its chemical logistics business with the acquisition price expected to be approximately US$ 1,715 million operating seven terminals in the world's leading chemical hubs in Europe (Antwerp and Rotterdam) and the US Gulf Coast region (Houston MOL Group positions the chemical logistics business as a business of growth, and this acquisition is part of that strategy. MOL has already expanded our business scale in the chemical tanker business by acquiring shares in Nordic Tankers in 2019 and Fairfield Chemical Carriers in 2024 MOL have gained onshore storage capabilities at tank terminals and expanded our lineup to include everything from maritime transport to small-lot transport using tank containers This enables us to flexibly meet diverse customer transportation needs and establish a "Total Chemical Logistics Service" system MOL Group will accelerate the development of its next-generation energy business by adding onshore storage to its logistics offering through the acquisition of LBC LBC plans to expand its business by increasing tank capacity the investment return (Equity IRR) from this acquisition is expected to be approximately 10% MOL aims to achieve further growth by leveraging synergies with chemical tanker business as well as advancing its next-generation energy business The acquisition of LBC is in line with MOL Group's "BLUE ACTION 2035" management plan to become a Social Infrastructure Group as it will rebalance our Group portfolio to non-shipping revenues and assets and a more stable revenue business and reduce the exposure to market driven shipping business • There are no changes to the year-end dividend forecast that has been announced on January 31 Marubeni Corporation (TYO: 8002) and Mitsui O.S.K TYO: 9104) have partnered to establish Marubeni MOL Forests Co. a 60/40 joint venture dedicated to creating With a philosophy of “opening the way to a sustainable future through the power of people and forests,” the venture aims to advance environmental preservation and societal sustainability which is one of of the largest sogo shosha (general trading company) in Japan The new company’s first initiative involves developing 24,710 acres (10,000 hectares) of new forests in India with plans to start trading carbon credits by 2028 This aligns with the growing demand for credits generated through nature-based carbon dioxide removal (CDR) initiatives which directly absorb carbon dioxide (CO2) from the atmosphere and provide additional benefits such as biodiversity conservation The global movement toward decarbonization has amplified interest in carbon credits as essential tools for achieving net-zero emissions particularly when emissions reductions alone fall short Nature-based solutions like afforestation and reforestation Relevant: Japan’s Marubeni Buys 50% Of Ozona CCS Project In South Texas outlined in its GC2024 mid-term management plan The sogo shosha has been actively generating and trading carbon credits through partnerships in Japan and abroad supporting its vision for decarbonization and a sustainable future include achieving net-zero emissions by 2050 and removing 2.2 million tons of CO2 by 2030 By integrating high-quality nature-based credits MOL strengthens its role in creating a greener society Marubeni holds a 60% stake in the new venture the companies aim to harness the power of forests and their combined expertise to combat climate change and promote environmental conservation on a global scale Read more: MOL, Value Maritime To Launch First Carbon Capture System On Japanese Tanker Lines (MOL) has announced that green hydrogen produced from offshore wind using the demonstration yacht Winz Maru was supplied onshore in the central breakwater area of Tokyo This marks the first time in the world that a ship has supplied green hydrogen MOL conducted a demonstration test in Omura Bay in Sasebo City with the Winz Maru successfully completing all phases of hydrogen production storage and usage of stored hydrogen onboard MOL has focused on supplying domestically produced green hydrogen from the Winz Maru in Tokyo Bay to onshore facilities The Winz Maru simplifies handling and transportation of hydrogen by converting produced green hydrogen to methylcyclohexane (MCH) onboard the vessel in Tokyo Bay MOL has modified the MCH tanks and added turbine generators to the vessel safety measures have been taken in light of rougher sea conditions in Tokyo Bay MOL plans to continue its green hydrogen production activities in Tokyo Bay or the equivalent of about 200 liters of MCH while at the same time supplying electricity to a trailer home and other facilities in the central breakwater area of Tokyo MOL is also working on supplying hydrogen and studying a large demonstration vessel for the Wind Hunter “Assuming that the hydrogen value chain will be established domestically in the future we aim to construct and commercialize a large demonstration vessel as early as the 2030s,” MOL said in a statement Incat Hull 096 – the world’s largest battery-electric ship – has been officially launched in Tasmania a 170-year-old French family-owned company operating across a broad swath of maritime and offshore energy… a consortium of Belgian marine construction companies DEME and Jan De Nul Top Page > Press Release 2025 > MOL Group Signs Long-term Charter for 3 Very Large Liquified Ethane Carriers to Serve SCG Chemicals Thailand's Largest Petrochemical Company - Expanding the World's Largest Fleet as a Leading Company in the Liquefied Ethane Carrier Business - Since becoming the first company in the world to enter the VLEC business in 2014(Note 2) MOL group has steadily built up a solid track record in liquefied ethane transport and a reputation as a leading company in VLEC management and operation gaining a high level of trust from customers meanwhile has decided to import ethane to enhance its competitiveness through lower feedstock cost and flexibility for Long Son Petrochemicals Co which is one of the largest and most state-of-the-art petrochemical plants of SCGC while also lowering carbon emissions SCGC recognized MOL group's performance in the VLEC business and has selected MOL group as a VLEC service provider leading up to the long-term charter contract MOL group expects to strengthen SCGC's competitiveness in the petrochemical industry in Vietnam and contribute to the growth of regional economies by taking on the responsibility of transporting liquefied ethane for SCGC (Note 2) Please refer to our press release "MOL Seals Long Term Shipping Deal with Reliance" dated December 25 Top Page > Press Release 2024 > MOL, KEPCO Sign MoU for Joint Study of Liquefied Hydrogen Carrier Under the MoU, the two companies will conduct a detailed study and review of the optimal vessels and operations in the liquefied hydrogen supply chain, as well as the safety of such vessels. The companies will also analyze international laws and regulations related to the marine transport of liquefied hydrogen. MOL and KEPCO will continue to study the specifics of marine transport of liquefied hydrogen and work toward the establishment of a hydrogen supply chain and the realization of a zero-carbon society. Please enable JS and disable any ad blocker Gretchen Mol and Campbell Scott in a reading of “Love Letters” at the Sharon Playhouse The Sharon Playhouse held a one night showing of the play “Love Letters” by A.R though only partially attended due to the weather performance was held in the Bok Gallery and starred Gretchen Mol and Campbell Scott meaning the story is conveyed through the letters exchanged between the two main characters: Melissa Gardener The play begins at childhood and lasts until the characters are about sixty years old With the performers reading letters back and forth the staging is minimal—intimate lighting casts a warm glow over the two actors seated at a single table where they remain for the entire performance The Bok Gallery’s cozy setting enhances the play’s simplicity making for an intimate and engaging experience Perhaps the most striking aspect of “Love Letters” is its pacing and flow which Mol and Scott brought out fantastically the actors simply trade lines back and forth as they read their letters This back and forth is broken up through occasional bits of quick long monologues and gut wrenching silence as a character goes five or six letters without writing back This difference in pacing is extremely effective and ensures that the audience does not feel any sort of stagnation Of course this pacing methodology would mean nothing if not brought out and explored by the performers who both tackled their respective roles with gusto is a very highly spirited individual who is often finding herself in trouble and living loose is an English major who is quickly established as a bit more rigid and only able to accurately speak his mind through writing As their lives develop and life’s many joys and tragedies hit them through the years both performers brought out their personality shifts and outbursts wonderfully while ensuring they remained true to their original selves Although Gardener finds herself weary and lost as her art career fades and addiction rears its ugly head Mol preserves a hint of the character’s former free-spirited playfulness in her letters Scott balanced Ladd’s rigid and stiff demeanor with moments of openness in some of Ladd’s longer and more heartfelt letters “Love Letters” at the Sharon Playhouse was a one night only performance is slated for performance at the Playhouse August 29 to Sept 7 Download directly KENT — Frederick Wright Hosterman passed away peacefully in his home in Kent on April 16 He attended a one-room schoolhouse just outside of Brownville The little brick schoolhouse is still standing Fred attended the University of Nebraska (Lincoln) eventually earning a master’s degree in agronomy where the company was a pioneer in applying biotechnology to agricultural sciences Fred and Dorothy moved to New York City for several years in the early 1960s and Fred bought a large tract of land on Carter Road in Kent which he maintained until his death at age 95 he spent the following decades working on his property and spending time with his children and grandchildren Fred had a jovial and close relationship with many of his neighbors all willing to share a cup of coffee or receive various bits of wisdom from Fred on any number of projects Fred was predeceased by his parents; Helen and Arch Hosterman He is survived by his three children and their spouses; John and his husband Eric of Northfield He is also survived by his five grandchildren; Nicky doing a little “dance” for almost anyone he met Another of Fred’s favorite hobbies was chopping down trees on his land this started out as a necessity for fueling his wood stoves tree-clearing projects were aimed at enhancing the magnificent view from his house high atop Carter Road Fred was frequently on his excavator moving boulders or building a retaining wall passed away peacefully in her sleep at Charlotte Hungerford Hospital in Torrington She was the second youngest of five children where she graduated from Northwestern Regional 7 High School Nancy is predeceased by her husband and the love of her life Often nicknamed “the love birds,” they were true soulmates and shared many wonderful years together filled with love Nancy is also survived by 11 nieces and nephews whom she loved dearly — Lori She was a special aunt leaving behind so many happy and joyful memories She never missed attending her nieces’ and nephews’ special events Nancy worked for over 20 years at Raynard and Pierce in Canaan There she made many friendships and brightened the day of everyone who went through the door greeted by her smile and jovial spirit aunt and friend and will be missed by all who’s lives she touched A graveside service will be held at Collinsville Cemetery on Huckleberry Hill Road in Canton on Saturday followed by a reception at 5 Cherry Brook Road Memorial donations may be made in Nancy’s name to the Berkshire Humane Society where Nancy adopted her loving cat and faithful companion passed away peacefully in his home on April 22 Adam spent his early childhood in Nantucket where his love of fishing and water was born before moving to Sharon It was here where he made many lifelong friends and later graduated from Housatonic Valley Regional High School in 1984 He attended Hiram College in Ohio before settling in Connecticut a seasoned contractor and practiced carpenter He was always eager to learn and became a skilled woodworker in his later years of life Samantha Rand (Nantucket) and Jack Rand (Canaan) as well as the mother of his children and former wife Services will be held for immediate family only please consider a donation to: Compassionate Care ALS Top Page > Press Release 2024 > MOL was Honored with the "World LNG Shipping Award 2024" at the World LNG Summit in Berlin - Long-standing LNG Transportation Record by the World's Largest LNG Fleet Leading in Innovation in Sustainability and a Clear Commitment to Decarbonization were Highly Commended - Lines (MOL; President: Takeshi Hashimoto; Head Office: Minato-ku Tokyo) has been awarded the World LNG Shipping Award 2024 at the World LNG Summit (Note1) held in Berlin The following day, our Executive Officer, Suryan Wirya-Simunovic, took to the stage as a panelist to share his views on the outlook for the LNG industry and the role it can play in contributing to a low-carbon We will contribute to the realization of a low-carbon society by leveraging our experience in LNG transportation expanding our business not only in transportation but also in gas liquefaction Top Page > Press Release 2024 > MOL Invests in HIF Global a U.S.-based company of e-Fuels -Toward the Decarbonization of the Mobility Industry with synthetic fuels - (MOL; President & CEO: Takeshi Hashimoto) today announced that through its wholly-owned subsidiary MOL Clean Energy it decided to invest in HIF Global LLC (HIF; CEO: Cesar Norton a company developing and operating e-Fuels projects globally HIF has a production target of about 4 million tons per year (Note 1) of synthetic fuel (e-fuel) and synthetic methanol (e-methanol) from green hydrogen derived from renewable energy sources and recycled CO2 in four countries: the U.S. e-Fuels and e-Methanol are expected to achieve swift and broad application as they can make immediate and significant contributions to reducing the carbon footprint of the entire product life cycle from production through use of the product HIF Global will start with the production of e-Gasoline and e-Methanol and is targeting the future production of synthetic sustainable aviation fuel (e-SAF) and synthetic chemicals e-Methanol is also expected to be adopted as an alternative marine fuel that will contribute to the decarbonization of the shipping industry MOL reached an agreement on the joint development of a supply chain for e-Fuels and e-Methanol and signed a memorandum of understanding (MoU) with Idemitsu Kosan Co. MOL will further promote the establishment of a supply chain for e-Fuels and CO2 setting the stage to decarbonize all types of mobility HIF Global is the world's leading e-Fuels company developing projects to convert hydrogen produced with low-cost renewable power into carbon-neutral liquid synthetic fuels that can be transported and utilized in existing infrastructure The name HIF represents the mission of the company: to provide "Highly Innovative Fuels" to make decarbonization of the planet possible and HIF EMEA are wholly owned subsidiaries of HIF Global Having successfully produced its first e-Fuel from the Haru Oni Demonstration Facility in Magallanes HIF plans to construct commercial-scale plants in Matagorda (Note 1) Converted value when only e-Methanol is produced (Note 2) MOL, Idemitsu, HIF Team up to Develop e-Fuel/e-Methanol Supply Chain, Including Marine Transport of CO2 highly relevant issue briefs and reports that break new ground with a focus on advancing debates by integrating foundational research and analysis with concrete policy solutions the Atlantic Council’s experts have you covered—delivering their sharpest rapid insight and forward-looking analysis direct to your inbox New Atlanticist is where top experts and policymakers at the Atlantic Council and beyond offer exclusive insight on the most pressing global challenges—and the United States’ role in addressing them alongside its allies and partners A weekly column by Atlantic Council President and CEO Frederick Kempe Inflection Points focuses on the global challenges facing the United States and how to best address them UkraineAlert is a comprehensive online publication that provides regular news and analysis on developments in Ukraine’s politics UkraineAlert sources analysis and commentary from a wide-array of thought-leaders and activists from Ukraine and the global community MENASource offers the latest news from across the Middle East and independent analysis from fellows and staff Econographics provides an in-depth look at trends in the global economy utilizing state-of-the-art data visualization tools Hungary’s largest oil and gas company, MOL, has announced a deal with Lukoil to resume the transit of Russian oil to Hungary through Ukraine By purchasing Russian oil at the Belarus-Ukraine border MOL effectively takes legal ownership of the oil before it reaches Ukrainian territory While this allows MOL to avoid sanctions imposed by Ukraine on the Russian oil producer it undermines Europe’s collective action against Russia’s aggression in Ukraine The European Union and Ukraine must act decisively to prevent such flagrant violations of the spirit of the sanctions regime bringing approximately $6 billion to Russia’s war chest which will make more seaborne oil supplies available to the landlocked country exceeding the annual needs of MOL’s refineries in Hungary and Slovakia as Moscow continues its military aggression against Ukraine and poses a threat to the NATO alliance Allowing individual member states to circumvent the spirit of sanctions could play into Russia’s strategy to weaken EU solidarity in line with the Kremlin’s historical “divide and conquer” tactics to exploit intra-European divisions The EU’s sanctions aim to diminish Russia’s ability to finance its military operations Hungary’s disinterest in developing alternative supplies—creating a workaround to continue importing Russian oil instead—undermines these collective efforts it is crucial for the European Commission to reassess the current sanctions on Russian pipeline oil Closing loopholes that permit Hungary and Slovakia to continue importing Russian oil is essential for maintaining the integrity of the EU’s sanctions regime and the unity of its members Implementing mandatory changes over a six-to-nine-month period would allow affected countries reasonable time to secure alternative supplies through existing infrastructure Hungary’s actions present a critical test for EU unity and the effectiveness of its sanctions regime Hungary risks undermining not only the collective response to Russia’s aggression but also the foundational principles of EU solidarity The situation highlights the delicate balance that the EU must strike between respecting individual member states’ interests and upholding collective commitments to international security A decisive response from the European Commission by cancelling exemptions for Russian pipeline oil would reinforce the EU’s dedication to solidarity and its resolve in confronting global challenges Failure to act now could not only weaken the effectiveness of sanctions against Russia—it risks setting a concerning precedent for EU unity in future crises Sergiy Makogon is an energy expert who served as the chief executive officer of GasTSO of Ukraine from 2019-22 EnergySource is the Global Energy Center’s (GEC) online publication providing commentary and analysis on developments in the energy and climate sector from a wide-array of thought leaders it faces three critical issues that it must address to meet energy demand and restore Europe’s climate credibility: inadequate funding for the green transition The EU must take bold action to survive in a changing world The Russia-Ukraine gas transit agreement inked in 2019 will expire in December 2024 but Russian gas transit through Ukraine will remain a possibility The upcoming Three Seas Initiative Summit is an opportune time for Central and Eastern European leaders to pivot toward clean and local renewables to build energy security The Global Energy Center develops and promotes pragmatic and nonpartisan policy solutions designed to advance global energy security and accelerate pathways to net-zero emissions Image: A flame burns from a tower at Hungarian MOL Group's Danube Refinery in Szazhalombatta Sign up to receive expert analysis from our community on the most important global issues © 2025 Atlantic CouncilAll rights reserved If refreshing the page doesn't resolve the issue you could try clearing the sites browser cache Top Page > Press Release 2024 > MOL (Asia Oceania) Invests in Joint Development/Investment 'Logistics Infrastructure' Projects in Southeast Asia - Accelerating Business Development Centered on State-of-the-art Automated Warehouses in Key Areas - (MOL; President & CEO: Takeshi Hashimoto) today announced that MOL (Asia Oceania) Pte (Managing Director: Jotaro Tamura; Head Office: Singapore) MOL's regional headquarters for Southeast Asia and Oceania is taking part in a joint project to develop and invest in several "logistics infrastructure" (Note 1) projects centered on multi-tenant advanced automated warehouses in the Southeast Asia region MOL (Asia Oceania) is teaming up with CapitaLand Investment Limited (CLI; Head Office: Singapore) the real estate investment management arm of the CapitaLand Group one of Asia's largest diversified real estate groups to invest in the projects through its CapitaLand SEA Logistics Fund (CSLF) Together with CLI and the partners of CSLF - Pruksa Holding Public Company Limited a leading real estate developer in Thailand and Ally Logistic Property Co. MOL (Asia Oceania) will develop and invest in "logistics infrastructure" projects targeting Thailand These projects include high value-added logistics warehouses centered on the "OMEGA"(Note 2) multi-tenant advanced automated warehouse model developed by ALP will continue to invest in "logistics infrastructure" to meet market demand in each of their target regions Concurrently with this project, MOL Group company Daibiru Corporation (President & CEO: Takashi Maruyama; Head Office: Kita-ku has also decided to participate in the development of a business park in Chennai The MOL Group and CLI will further deepen their cooperative relationship in a wide range of fields across different regions or asset types Under the BLUE ACTION 2035 management plan the MOL Group has pursued business portfolio reforms to enhance stable profit-earning businesses and ensure profitability even during ocean shipping recessions and these projects are a part of the initiatives to expand the logistics business which includes the growth of the "logistics infrastructure" business In line with the management plan's promotion of Regional Strategy to shift to a global business structure these business investment projects are led by the Regional Organization for Southeast Asia and Oceania (Note 1) This is to specialize in owning logistics facilities such as warehouses which we lease to cargo owners and forwarders This is distinct from our core logistics business which is forwarding services that handle sea and air freight Top Page > Press Release 2024 > MOL GCMD and Yara Clean Ammonia Succeeds Ammonia STS (Ship-To-Ship) Trial in Australia Port - Contribution for the Ammonia Bunkering Infrastructure Installation - (MOL; President & CEO: Takeshi Hashimoto Tokyo) has joined the Ammonia STS trial which was led and successfully completed by the Global Centre for Maritime Decarbonisation (GCMD) In the absence of ammonia bunkering infrastructure STS transfers offer the closest proxy to bunkering operations when it replicates the essential steps involved the trial was conducted with a transfer to simulate bunkering at the Port of Dampier in the Pilbara region of Australia It is also expected to be one of the ammonia bunkering hubs in near future leveraging the port's experience with ammonia export two STS transfers of 4,000 cubic meters of Ammonia took place between MOL's LPG/Ammonia carrier "Green Pioneer" and the "Navigator Global" owned by Navigator Gas the Green Pioneer's charterer (Note 1) as well as the supplier of the ammonia used in this trial MOL provided contribution to have marine-experts on board during the trial period to provide technical guidance as an Impact partner of GCMD (Note 2) MOL has repeatedly joined detailed discussions with GCMD to ensure the safe operation of the series of STS MOL and the Yara Clean Ammonia have been working together since the signing of a memorandum of understanding on decarbonization projects including ammonia area in 2022 and the success of this trial has been achieved through close collaboration aligned with this agreement These STS transfer trials were part of a GCMD-led initiative in collaboration with Partners to enable ammonia as a marine fuel The consortium conducted risks and safety studies and develop emergency response procedures for the transfers based on the findings and recommendation from GCMD's 2023 safety study on piloting ammonia bunkering and its plans for actual operations GCMD said: "Translating the recommendations from our 2023 safety study into action through this pair of STS transfers demonstrates the essence of GCMD - operationalising pilots and trials to accelerate maritime decarbonisation We are deeply grateful to all our partners for their support without which this pioneering effort would not have been possible This pilot marks a crucial step towards preparing the ecosystem for the use of ammonia as a marine fuel paving the way for eventual bunkering when ammonia-fueled vessels become available." Senior Vice president and Commercial Head of YCA said: "International shipping account for approximately 3% of the global GHG-emissions and we see clean ammonia as the zero-emission fuel to decarbonize the shipping industry and meet the IMO targets For more than a century we have been producing and shipping ammonia with the highest safety standards and with efficient ammonia operations Collaboration on safety is innate to our thinking and we are grateful to all partners contributing to the successful completion of this ammonia STS trial The successful ship-to-ship transfer of ammonia is a critical learning step forward in enabling ammonia bunkering operations in a port environment as global shipping moves to effective use of clean ammonia as a fuel Senior Managing Executive Officer of MOL said: "As one of the major shipping companies operating about 880 vessels we are very proud to be part of this Ammonia STS trial which will bring a significant progress in the Ammonia Bunkering This will be a great example of a collaboration between cargo owners which will be crucial for the transition to alternative fuels We appreciate the collaborative organizing and planning by GCMD and Yara Group as well as the partners involved for the success of this trial saying Croatia had failed to invest in capacity building and questioned the published maximum capacity of the pipeline Croatia dismissed as "deeply offensive" the suggestion it was not a reliable supplier."It isn't politicians but the management of MOL that decides where to buy oil from," Hernadi said."If we decided to halt (Russian oil) supply from Druzhba.. Hungary would be left with only one route of supply (Adria pipeline) Which gives more security (of supply)?"Hungary receives 2 million metric tons of oil from the Russian group annually around a third of its total oil imports.Slovakia's Slovnaft refinery which is owned by Hungarian oil and gas group MOL was expected to receive 40% less oil for processing than needed the Slovakian government said earlier in July.When asked about the possibility of fuel shortages by September if the issue is not resolved and assured the audience that "until they (MOL) don't ring the bells there is nothing to worry about."Reporting by Boldizsar Gyori; Editing by Conor Humphries Top Page > Press Release 2025 > MOL Energia Signs Long-time Charter Contracts for 2 Additional Newbuilding VLECs to SCG Chemicals leading integrated chemical player in ASEAN - Latest Deal Brings Total to 5 Vessels - (MOL; President & CEO: Takeshi Hashimoto) today announced that on March 17 (Managing Director: Miki Ogura; Headquarters: Singapore) signed long-term charter contracts with SCG Chemicals (SCGC; Head Office: Thailand) a wholly owned subsidiary of the Siam Cement Group (SCG) a leading integrated chemical player in ASEAN in addition to three vessels already contracted on January 24(Note 2) Of the approximately 90 dedicated liquefied ethane carriers currently in service or on order worldwide this deal will bring the number of VLECs managed and operated by the MOL Group to 14 in South Korea will build two more 100,000m3 VLECs for delivery in 2028 along with the vessels contracted in January The vessels are equipped with ethane dual-fuel propulsion engines which reduce emissions of greenhouse gases and nitrogen oxides compared to vessels that run on conventional fuel oil the MOL Group will own a total of five newly built dedicated liquefied ethane carriers serving SCGC and the group will be responsible for transporting all of the ethane used at SCGC's petrochemical plants in Vietnam the MOL Group will help strengthen the competitiveness of Vietnam's petrochemical industry and boost regional economic growth (Note 2) Please refer to the January 24, 2025, press release: MOL Group Signs Long-term Charter for 3 Very Large Liquified Ethane Carriers to Serve SCG Chemicals, Thailand's Largest Petrochemical Company - Expanding the World's Largest Fleet as a Leading Company in the Liquefied Ethane Carrier Business - Top Page > Press Release 2025 > Direct Ocean Capture tech-based carbon removal credits offtake agreement and strategic partnership with Captura Corp MOL and Captura have signed a Memorandum of Understanding to enter a strategic partnership aimed at deploying commercial DOC plants Captura's business model is to license its technology to deployment partners who will build own and operate large-scale DOC facilities around the world MOL Switch LLC (CEO: Tomoaki Ichida; Head Office: California has invested in Captura as part of its work to support the development of new technologies and business models to decarbonize the energy sector (Note 1) Captura's DOC technology offers a highly scalable and efficient form of carbon removal by combining innovations in electrochemistry with the natural carbon removal capability of the world's oceans It works by extracting a measurable stream of CO2 from seawater creating capacity for the ocean to absorb more CO2 from the atmosphere The technology has already been demonstrated in three operational pilot plants and early design work is now underway for Captura's first commercial facility expected to capture 30,000-50,000 tons of CO2 per year (Note 2) Please refer to the May 31,2023 press release: MOL has established 'MOL Switch' in the USA, to invest in decarbonization technologies Top Page > Press Release 2025 > MOL Starts Use of Bio-LNG Fuel for Car Carrier Celeste Ace - Key Milestone toward Achieving Net Zero Emissions by 2050 - (MOL; President & CEO: Takeshi Hashimoto) today announced that on Sunday its operated LNG-fueled car carrier Celeste Ace was supplied with about 500 tons of bio-LNG (LBM: Liquified Bio Methane) fuel (Note 1) from Titan Supply B.V (President: Niels den Nijs; Head Office: Amsterdam The Celeste Ace will be the first ocean-going vessel operated by a Japanese shipping company to use bio-LNG fuel The bio-LNG fuel supplied by Titan will have a carbon intensity (carbon dioxide emissions per unit of energy consumed) of less than zero on a life cycle basis from fuel production to consumption and obtained International Sustainability and Carbon Certification (ISCC-EU Certification which covers the European Union (EU) region LNG fuel is expected to reduce carbon dioxide (CO2) emissions by about 25% compared to conventional fuel oil but the use of bio-LNG fuel derived from waste and residues bio-LNG fuel represents an effective solution for decarbonizing ship operations because methane is the primary component in both LNG and bio-LNG the existing LNG supply chain infrastructure can be leveraged for transport and consumption Commercial Director of Renewable Fuels at Titan "This bunkering highlights the growing role of LBM in decarbonizing international shipping today the LNG pathway offers practical solutions for shipowners and operators with a global maritime leader like MOL putting its commercial weight behind LBM this is an exciting time for the clean fuels transition." MOL Marine Fuel GX Division General Manager Yoshikazu Urushitani said "We are exploring the use of ammonia and hydrogen fuels as part of our strategy to adopt clean alternative fuels while moving to expand the use of LNG-fueled vessels and more quickly achieve a low-carbon society We will also be early adopters of bio-LNG and synthetic LNG we will start using bio-LNG to lead the shipping industry in the transition to clean alternative fuels We remain committed to adopting clean fuels to reach net zero GHG emissions by 2050." This initiative is an important step toward the adoption of alternative fuels, in line with the environmental strategy in MOL's BLUE ACTION 2035 management plan The group will pursue the use of LNG and bio-LNG as low-carbon fuels that can be utilized in the near term and regulations relating to zero-emission fuels are established is biogas that has been purified and liquefied which absorbs CO2 from the atmosphere during its growth it can be considered carbon neutral throughout its cycle from production to consumption methane (which has a greenhouse effect about 28 times that of CO2) originally released into the atmosphere from organic waste preventing its release into the atmosphere and reducing greenhouse gas (GHG) emissions (Note 2) ISCC-EU Certification (International Sustainability and Carbon Certification) verifies that sustainable fuels made from biomass and waste meet EU legal requirements for sustainability and greenhouse gas emission reduction standards The certification was established under the European Renewable Energy Directive (RED II) Kristen Nuss and Taryn Kloth won an all-American women's final The final was a clash between the Tokyo 2020 and Paris 2024 Olympic champions with the former coming out on top 2-0 (21-18 The men’s final was a repeat of the 2023 title contest with Mol and Sorum winning the season finale for the second time “It feels amazing to be on top of the podium here at the last tournament of the season,” Mol told VBTV to take this Beach Pro Tour Finals and be on top is an amazing feeling This also gives us a lot of motivation to keep working now in the off-season The women’s final was an equally intriguing affair with Kristen Nuss and Taryn Kloth winning an all-American contest, beating Terese Cannon and Megan Kraft 2-0 (21-19, 21-17) for the crown. Nuss and Kloth successfully defended their title for their overall eighth gold medal on the Tour. “I don’t know if there is many words there, but we have to give a huge credit to our fellow Americans Meg and Terese. What a tournament!” Nuss told VBTV afterwards. “We are very excited to end the season like this. What a year it’s been! So to go out like this – I don’t think you can ask for much better.” Top seeds, Tina Graudina and Anastasija Samoilova of Latvia settled for the bronze medal with a win over Xue Chen and Xia Xinyi with a 2-0 (24-22, 21-16) win. 🥇","event":null,"destination_url":"","entry_point_tag":"base","entry_point_type":"instory_campaign"}" data-tracking="click" href="https://www.olympics.com/en/sign-in?entry_point_type=instory_campaign&entry_point_tag=base&template=base&origin=https%3A%2F%2Folympics.com%2Fen%2Folympic-channel" target="_blank" rel="noopener noreferrer">Olympic Membership - Free Live Stream Sports & Original Series - join now Top Page > Press Release 2025 > MOL to Invest in The Reforestation Fund Forest Fund Targeting Latin America - Expanding CO2 Removal Initiatives Toward Net Zero - (MOL; President & CEO: Takeshi Hashimoto) today announced that in December it signed an agreement to invest US$25 million in The Reforestation Fund I The investment reflects MOL's commitment to initiatives that promote negative emissions (removal of CO2 from the atmosphere) to achieve our net zero emissions target by 2050 TRF is managed by U.S.-based BTG Pactual Timberland Investment Group which has experience in managing forest management funds in the U.S and commercial afforestation funds in the Latin America region The group is a forest fund that issues carbon credits through the reforestation and conservation of commercial plantations and old-growth forests for timber production in South American rangelands will provide advice on project accountability and social impact to ensure sustainable forest management Their assistance will also help create common benefits such as the creation of local employment and educational opportunities leading companies have evaluated the quality of the Nature-based carbon removal credits issued from the projects and have announced the conclusion of purchasing contracts for fund-issued carbon credits Top Page > Press Release 2024 > MOL Introduces App for Performance Degradation Tracking 'Fouling Analysis' - Enhancing Maintenance Quality through Big Data Utilization - TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) released an application called "Fouling Analysis" as part of the big data utilization project "FOCUS" This application uses big data to analyze in detail the state and causes of marine biofouling (fouling) on the underwater surfaces of ships and proposes optimal maintenance (such as hull cleaning during operation and painting work during docking) it significantly reduces unnecessary fuel consumption caused by propulsion performance degradation due to biofouling contributing to the reduction of the greenhouse gas (GHG) emissions In "Fouling Analysis," the state and cause of fouling are analyzed using sensor data collected at intervals of several minutes and voyage data recorded daily since the ship's delivery it is possible to monitor the degradation of propulsion performance from the time of ship's delivery to the present By displaying the docking periods in bands color-coding based on phytoplankton concentration and considering the type of paint and the amount of speed deterioration it is possible to analyze the causes of performance degradation and evaluate antifouling paints Based on the accumulated data and analysis results selection of the best antifouling paint according to the ship's operation and high-quality painting work can be carried out thereby suppressing propulsion performance degradation and achieving efficient ship operation without unnecessary fuel consumption it is possible to calculate the fouling areas and their sizes This information is used to select the optimal paint evaluate the skills of painting contractors and verify the accuracy of the propulsion performance degradation analysis results This application incorporates the knowledge of MOL Ship Management Co. (President: Takakage Imai; headquarters: Minato-ku and is used in the maintenance planning of approximately 500 ships operated by MOL a highly accurate analysis model using AI is under development further evolving the process of formulating optimal maintenance plans from big data and contributing to GHG reduction through improved ship management quality MOL Group is promoting "Digital Transformation (DX)" as infrastructure development to support its management plan "BLUE ACTION 2035." In March 2023, it formulated the MOL Group DX Vision and its action plan, MOL Group DX Action 1.0 The group aims to create the society of the future by leveraging digital technology to improve the company's productivity and convert the time created by these efforts to value-creating operations Gerry Michael Moles passed away on March 8 He was a lifelong resident of Birchwood Tennessee Mike retired from Sears Automotive Services he enjoyed gardening and working with plants and flowers a love that he inherited from his maternal grandfather He enjoyed spending time with his daughter and grandchildren His love for his daughter was immeasurable He was a loving and doting father and played an active role in her young life Mike had a tender heart and a kind and generous nature He was always ready to share whatever he had with his friends and family or anyone in need The family would like to extend our deepest appreciation to his very special friends and neighbors The love and kindness that you showed him will always be remembered at 11:00 AM at Dolly Pond Church of God on Dolly Pond Road You are invited to share a personal memory of Gerry or your condolences with his family at his online memorial located at www.companionfunerals.com Companion Funeral Home of Cleveland and the Cody family are honored to assist the family with these arrangements Add to Calendar