MOL and Pyxis team up on electric vessels

The memorandum of understanding, which will bring together MOL’s market and industry expertise with Pyxis’s agility as a start-up, aims to engage industry, implement strategies for decarbonisation and monitor the take-up of environmental regulation.

This latest agreement is one of the key strategies in MOL Group’s ‘Blue Action 2035’ action plan which outlines the group’s goal to achieve net-zero by 2050, reportedly the first company in the Japanese ocean shipping industry to make this pledge.

Nobuo Shiotsu, senior managing executive officer of MOL, said that promoting electric vessels in a key way in achieving decarbonisation. “We believe this memorandum will be an important step for both companies to make a significant change in the shipping industry,” he said.

Tommy Phun, Pyxis founder, said that MOL was a global leader in the shipping industry. “With the sustainability movement disrupting maritime businesses, efforts to decarbonise have become necessary to stay competitive,” he said.

“Our mission is to ease and boost mass adoption of EVs in the region.”