Shipping Giant Partners to Remove 13,400 Tons CO2 by 2030
Affiliate Disclosure
Hey fellow impactful ninja ?
You may have noticed that Impactful Ninja is all about providing helpful information to make a positive impact on the world and society. And that we love to link back to where we found all the information for each of our posts.
Most of these links are informational-based for you to check out their primary sources with one click.
But some of these links are so-called "affiliate links" to products that we recommend.
Why do we add these product links?
First and foremost, because we believe that they add value to you. For example, when we wrote a post about the environmental impact of long showers, we came across an EPA recommendation to use WaterSense showerheads. So we linked to where you can find them. Or, for many of our posts, we also link to our favorite books on that topic so that you can get a much more holistic overview than one single blog post could provide.
And when there is an affiliate program for these products, we sign up for it. For example, as Amazon Associates, we earn from qualifying purchases.
What do these affiliate links mean for you?
First, and most importantly, we still only recommend products that we believe add value for you.
When you buy something through one of our affiliate links, we may earn a small commission - but at no additional costs to you.
And when you buy something through a link that is not an affiliate link, we won’t receive any commission but we’ll still be happy to have helped you.
What do these affiliate links mean for us?
When we find products that we believe add value to you and the seller has an affiliate program, we sign up for it.
When you buy something through one of our affiliate links, we may earn a small commission (at no extra costs to you).
And at this point in time, all money is reinvested in sharing the most helpful content with you. This includes all operating costs for running this site and the content creation itself.
What does this mean for me personally?
You may have noticed by the way Impactful Ninja is operated that money is not the driving factor behind it. It is a passion project of mine and I love to share helpful information with you to make a positive impact on the world and society. However, it's a project in that I invest a lot of time and also quite some money.
Eventually, my dream is to one day turn this passion project into my full-time job and provide even more helpful information. But that's still a long time to go.
Stay impactful,
At Impactful Ninja, we curate positive and impactful news for you. Follow us on Google News or sign up for our free newsletter to get these delivered straight to your inbox—just like our expert roundup below!
📰 The quick summary: Major shipping company MOL partners with Climeworks to remove 13,400 tons of CO2 from the atmosphere by 2030, marking a significant step forward for carbon removal in the maritime sector.
📈 One key stat: 13,400 metric tons of CO2 will be removed from the atmosphere by 2030 through this partnership, helping drive forward carbon removal solutions in hard-to-decarbonize shipping.
💬 One key quote: “At Mitsui O.S.K. Lines, we’re committed to navigating toward a net-zero future. Contributing to the expansion of high-integrity carbon removal credits, driven by Climeworks’ state-of-the-art Direct Air Capture technology, empowers us to address emissions that are hard to eliminate through conventional methods.”
1️⃣ The big picture: Shipping giant Mitsui OSK Lines (MOL) has formed a groundbreaking partnership with carbon removal company Climeworks. The deal involves removing 13,400 metric tons of CO2 from the atmosphere by 2030 using Climeworks’ Direct Air Capture technology. This marks the first partnership between Climeworks and a maritime sector company, setting an important precedent for the shipping industry. Beyond just carbon removal, the companies have signed an MoU to explore potential investment in future Direct Air Capture plants as Climeworks scales toward million-ton capacity in the 2030s.
2️⃣ Why is this good news: Maritime shipping takes a concrete step toward addressing its carbon footprint through direct investment in carbon removal technology. The partnership opens up new possibilities for hard-to-decarbonize industries to take meaningful climate action. This deal helps accelerate the scaling of Direct Air Capture technology by providing crucial early funding and commercial validation. As Climeworks’ first Japanese customer, the agreement also helps expand carbon removal markets in Asia following Japan’s inclusion of durable removals in its emissions trading scheme.
3️⃣ What’s next: MOL and Climeworks will begin implementing their carbon removal agreement while exploring additional investment opportunities in future Direct Air Capture facilities. The partnership aims to help MOL achieve its target of removing 2.2 million tons of CO2 by 2030. The companies will work together to accelerate the global transition to net zero emissions, with a particular focus on addressing emissions from hard-to-decarbonize sectors like shipping.
Read the full story here: Carbon Herald – MOL Partners With Climeworks For First Maritime Carbon Removal Deal
