Ajay Singh

Ajay Singh is a member of the board of Mitsui OSK Lines (MOL) group, a global leader in shipping and logistics. As senior managing executive officer of the company, he is responsible for MOL’s businesses in South Asia and the Middle East. He also assists the group in its global energy transition and organizational transformation. He is based in Tokyo, where he has lived for over 10 years.

Between 2014 and 2020 Ajay Singh was special advisor to the chairman and president of Japan Petroleum Exploration Co., an international energy company owned mainly by the Government of Japan. Earlier, he worked with Shell over a period of 20 years, based in India and then at Shell’s global headquarters in London and the Hague. He created and managed various oil and gas businesses and international value chains in partnership with host governments and energy companies in the Middle East, Russia, West Africa, Europe and North America. Ajay Singh began his career at Thermax, an Indian engineering company.

Ajay Singh is an alumnus of Harvard Business School, Manchester Business School and the Walchand College of Engineering.

Session Overview

Wednesday, 6 November

14:00

14:00 - 15:00

Defining the value chain of future low carbon marine fuels

Despite ambitious net-zero targets set by the maritime industry, only a limited supply of alternative marine fuels is readily available on the market, whilst over 95% of projects for producing these fuels have not passed the final investment decision (FID) phase. It is projected it will take at least six years to reach FID and move to production. Which means, unless a significant number of projects materialise soon, the majority of the global shipping fleet will continue to run on heavy-emitting fuels beyond 2030. Configuring the decarbonised maritime fuel value chain of the future is a costly affair, requiring shipowners, fuel producers, governments, and financial institutions to forge innovative collaborations and develop new business models to release the bottlenecks slowing the journey to net-zero emissions by 2050.

Attendee insights:

Delve into the complexities of creating a low carbon maritime fuel value chain, as well as the collaborative strategies required to overcome cost and infrastructure challenges.