MOL’s President & CEO, Takeshi Hashimoto, participated in a discussion on advanced technologies for decarbonization at the World Economic Forum in Davos, Switzerland.
The event, held from January 15-19, featured a session by the “First Movers Coalition” (FMC), including MOL, aimed at promoting demand for decarbonization technologies. Hashimoto emphasized the need for proactive steps in the shipping industry’s decarbonization, urging collaboration with partners to set trends and drive progress.
With so many alternative fuel candidates, it is understandable to want to wait and see until a solution is identified. However, if we all continue to wait and see, we will not make any progress. As first movers, we want to move forward with the ambition once a basic policy is established based on empirical data, we will set the trend ourselves
… said Takeshi Hashimoto
What is the First Movers Coalition?
FMC Members become part of a wide ecosystem of partners advancing the supply, financing, and deployment of innovative emerging climate technologies via bankable projects and offtake agreements. Companies aim to make purchasing commitments that create new market demand for low and zero carbon fuels and technologies, in sectors with heavy emissions such as:
- Steel
- Cement
- Aluminum
- Chemicals
- Shipping
- Aviation
- Trucking
For more information, you can also watch the informative video bellow:
MOL is actively involved in the carbon dioxide removal (CDR) sector through the FMC. Additionally, MOL has been recognized as a “TNFD Early Adopter,” committing to disclose nature-related information in line with TNFD recommendations for either FY 2024 or FY 2025.
