Mitsui O.S.K., Tata Steel tie up to cut greenhouse effect

Economy

Mitsui O.S.K. Lines Ltd. has joined hands with Tata Steel Ltd. of India to reduce greenhouse gas emissions in transporting raw materials for steel production. Mitsui O.S.K said both sides will conduct feasibility studies to develop and deploy an environmentally friendly bulk carrier under an agreement that also involves its wholly owned subsidiary MOL Drybulk Ltd. The partnership will explore the benefits of Mitsui O.S.K.'s Wind Challenger system designed to convert wind energy to propulsive force as well as use of clean alternative fuels. The technology has the potential to reduce greenhouse ...

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