HD Hyundai, Shell ink pact to work on large liquefied hydrogen carriers

South Korean shipbuilding conglomerate HD Hyundai is joining forces with UK-based LNG giant Shell to develop large liquefied hydrogen (LH2) carriers.

In that regard, HD Hyundai’s units HD Korea Shipbuilding and Offshore Engineering and HD Hyundai Heavy Industries signed a joint development agreement with Shell at the HD Hyundai Global R&D center in Seognam, according to a statement.

Under the agreement, the partners will jointly develop a large-scale liquefied hydrogen carrier with the aim of commercializing it in 2030.

HD KSOE will develop core technologies such as large liquefied hydrogen tanks and hydrogen cargo operating systems, while HD HHI will develop hydrogen engines and design liquefied hydrogen carriers.

Shell will share its know-how in technology development and vessel operations and assess the feasibility of the liquefied hydrogen carrier designs.

Earlier this year, HD KSOE joined forces with Japan’s shipping firm MOL, Australia’s LNG player Woodside, and shipping company Hyundai Glovis to study shipping solutions for the bulk transport of liquefied hydrogen.

In this project, the companies will study the technology, safety, construction, operation, and economics of a carrier with 80,000 cbm tank capacity, with the aim of establishing a liquefied hydrogen supply chain in Asia and other regions.

If a project results from the memorandum, the parties’ aspiration is to have the vessel built and in operation by 2030.

On the other hand, Shell is looking to develop a hydrogen energy supply chain by creating scalable and safe LH2 shipping technologies.

Shell is also working with French LNG containment giant GTT liquefied hydrogen membrane type containment system and an LH2 carrier.

Most Popular

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

Shell seals LNG deal with India’s IRM Energy

A unit of UK-based LNG giant Shell has signed a five-year deal to supply regasified LNG to India's IRM Energy.

China’s SIPG eyes LNG bunkering vessel order

China’s terminal operator, Shanghai International Port (SIPG), is looking to order one large liquefied natural gas (LNG) bunkering vessel, according to shipbuilding sources.

Shell CEO expects progress on Venture Global arbitration this year

Shell’s CEO Wael Sawan expects to have an update on an arbitration dispute with US LNG exporter Venture Global LNG later this year.

Shell plans to boost LNG sales by up to 5 percent per year

UK-based LNG giant Shell said on Tuesday it aims to reinforce its leadership position in liquefied natural gas by growing sales by 4-5 percent per year through to 2030.