MOL representative has attended the reception on July 12th hosted by Port of Newcastle (PoN), in presence of Australia’s Minister of Climate Change and Energy, Mr. Chris Bowen, to introduce the partner of the Clean Energy Precinct construction project led by PoN as the project has become in full operation. PoN is responsible for port management and development in Newcastle, New South Wales, Australia, the world’s largest coal exporting port.

In February of this year, MOL concluded a memorandum of understanding (MoU) with PoN to jointly study the construction of this area and the establishment of a supply chain. As the project has become full operation from this May, MOL has started the joint study with PoN mainly in ocean transport and bunkering of clean energy in the region. The project will receive A$100 million (about ¥9.5 billion) in funding from the Australian federal government to build a Clean Energy Precinct site in the port area that will serve as a major center for the production, storage, and export of clean energy, including green hydrogen and ammonia, and promote a decarbonized society and the creation of local jobs.