Japan, Feb. 15 -- Mitsui O.S.K. Lines, Ltd. (MOL) announced that it has completed an insetting pilot with 123Carbon B.V. by tokenizing the GHG emission reductions from the Net Zero Voyage which was conducted jointly with Methanex Corporation in February 2023. This allows MOL to allocate the GHG emission reductions from the use of biomethanol as a fuel to customers considering Scope 3 reductions from maritime transport services, based on the Market Based Measures Accounting Framework published by the Smart Freight Centre. MOL will build on this foundation to develop services to further help customers achieve their Scope 3 reduction targets.
MOL, with the cooperation of Methanex, underwent third-party verification of GHG emission reduction-r...