Mitsui O.S.K. Lines, Ltd. has signed a memorandum of understanding with Madoqua Renewables Holding Lda regarding the development of a green corridor linking Portugal and Northern Europe, promoted by the latter.

This green corridor study aims to establish a route to transport low-carbon fuels by sea in a way that produces low GHG emissions. Leading companies from diverse industries in the energy transformation value chain, including financial institutions, terminal operators, academic policy institutes, companies committed to decarbonization, green fuel producers, and alternative fuel off-takers from Europe, Asia, and North America are supporting the development of this green corridor.

As a maritime logistics partner, we will contribute to the formation of the Green Corridor through the decarbonization of maritime transportation, promoting the use of green fuels and CO2, promoting the use of zero-emission ships, and providing knowledge on the logistics and operational requirements of green fuels. This initiative is in line with the goal of achieving net-zero GHG emissions by 2050, one of the actions set forth in the NYK Group’s Environmental Vision 2.2, “Building a business model that enables net-zero emissions. Through this partnership, we will promote innovation and contribute to global efforts to create a greener and more sustainable maritime industry. This cooperation in the value chain follows the important agreements signed on November 4, 2023 between the governments of North Rhine-Westphalia, Germany and Portugal, and on November 5, 2024 between Madoqua and the Ports of Sines, Rotterdam, and Duisburg, respectively, on the development of green corridors This follows an important agreement on

Madoqua is a Dutch-Portuguese company involved in renewable energy and sustainable infrastructure projects. The company is pursuing a large-scale green hydrogen project in Portugal, producing green ammonia and e-methanol, and developing the Madoqua Green Fuel Terminal. The facility will use renewable energy and provide alternative fuel storage, handling, and bunkering services at the Port of Sines.