Japan, May 27 -- Mitsui O.S.K. Lines, Ltd. (MOL) announced its participation in the NextGen CDR Facility, a collaborative initiative supporting to build a market for credible, scalable carbon removal technologies since 2022. MOL has obtained 2,000 tons of technology-based carbon dioxide removal (CDR) credits from Bolivia's Biochar project led by Exomad Green through NextGen, making it the first Japanese shipping company retirement.Demand for technology-based CDR credits, designed to remove and storage CO2 over extended periods of time, is expected to rise in the future. However, these credits remain in the early stages of development in terms of both technology and cost, with only a handful of companies in the world purchasing them.MOL has ...