Japan's Mitsui O.S.K. Lines (MOL) and Kansai Electric Power Company (KEPCO) have signed a groundbreaking memorandum of understanding (MoU) to jointly study the development of a liquefied hydrogen carrier. Announced in a joint statement on Tuesday, this marks the first collaboration in Japan between a shipping company and a power generation company specifically aimed at advancing marine transport solutions for liquefied hydrogen. This partnership reflects their shared commitment to building a robust hydrogen supply chain, a critical step towards supporting global decarbonization efforts and the transition to clean energy.

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