MOL Switch Invests in Twelve, U.S. Developer of E-fuels - Contributing to the Spread and Expansion of Clean Energy -
Japan, Feb. 12 -- Mitsui O.S.K. Lines, Ltd. (MOL) announced that Twelve Benefit Corporation (Twelve; Representative: Nicholas Flanders; Headquarters: California, U.S.), the carbon transformation company developing synthetic fuels (E-fuels) and chemicals, raised an additional $83 million USD in February, following the momentum of their $645 million funding announcement last fall. Twelve is backed by investments from MOL Switch LLC (CEO: Tomoaki Ichida, Headquarters: California, U.S.), MOL's wholly owned subsidiary formed to invest in decarbonization technologies, which invested in Twelve in July 2024. In addition, MITSUI & CO., LTD., Development Bank of Japan Inc., Advantage Partners Pte. Ltd. and TGVP (Toppan Global Venture Partners, Inc.) ...
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