#Japan #Mitsui O.S.K. Lines #Kumejima Town #OTEC Technology #Kumejima, Okinawa

MOL and Kumejima Town: A New Era in Renewable Energy

On October 28, 2023, Mitsui O.S.K. Lines (MOL), led by President Tsuyoshi Hashimoto, signed a comprehensive partnership agreement with Kumejima Town in Okinawa. This collaboration focuses on advancing renewable energy projects, decarbonization efforts, and industrial tourism in Kumejima. Leveraging the region's abundant resources and MOL's technological expertise, both parties aim to tackle local challenges while promoting regional economic growth.

A Vision for Sustainability

Kumejima Town has established the "Kumejima Model," a community-centric approach that integrates oceanic deep-sea water into various sectors, such as ocean thermal energy conversion (OTEC) and fisheries. The town is ambitiously working towards achieving 100% renewable energy consumption by 2040, using local resources to meet energy demands. Furthermore, Kumejima is committed to promoting tourism by merging its natural attractions and unique local products with oceanic deep-sea water, creating opportunities for industrial tourism and decarbonization tourism. These efforts are expected to foster further economic activity in the region.

Strengthening Collaboration on OTEC

MOL is excited to strengthen its partnership with Kumejima Town, particularly in relation to the commercialization of OTEC technology, aiming to commence operations within FY 2031. Additionally, the company will begin assessing small-scale trial projects for its carbon dioxide capture technology, known as DOC, which focuses on decarbonization. This initiative is part of MOL's broader strategy to expand local industry based on the Kumejima Model.

Addressing Workforce Challenges

One of the key aspects of the collaboration lies in addressing the challenges posed by Kumejima's declining population. Leveraging MOL's extensive experience in training foreign crew members, the company plans to enhance the local workforce and address labor shortages in the region. By promoting tourism-related initiatives through partnerships with affiliated businesses, MOL aims to contribute to the expansion of the Kumejima Model and support the town's revitalization efforts.

Environmental Commitment and Future Goals

MOL's Group has integrated environmental strategy as a core component of its management plan, "BLUE ACTION 2035," which outlines initiatives aiming for net-zero emissions by 2050. By reinforcing partnerships like the one with Kumejima Town, MOL seeks to establish renewable energy practices through OTEC and create a model of regional industrial promotion based on oceanic deep-sea water. The company is committed to expanding its activities to benefit surrounding industries, aligning with its vision as a coastal infrastructure enterprise.

Conclusion

The partnership between MOL and Kumejima Town signifies a strategic step towards sustainable and eco-friendly development in the region. By harnessing local resources, both organizations are set to make significant strides in renewable energy and industrial tourism, contributing positively to local economic growth and environmental sustainability. This initiative serves as an inspiring model, showcasing the tremendous potential of collaboration between the corporate sector and local communities in addressing global issues such as climate change and economic revitalization.