TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto; Headquarters: Minato-ku, Tokyo) and Bapco Energies B.S.C. (Bapco Energies; Group CEO: Mark Thomas; Headquarters: Manama, Kingdom of Bahrain) announced the signing of a memorandum of understanding (MoU) for development of cross border carbon dioxide (CO2) transport and sequestration with the goal of establishing a carbon dioxide capture and storage (CCS) (Note) value chain, where MOL provides marine transportation of liquified CO2 and Bapco Energies provides the sequestration sites.

CCS is regarded as one of the most effective solutions to . . .