South Korea’s Hyundai Heavy working on ammonia FSRU

South Korea’s Hyundai Heavy Industries Group has started the development of a floating storage and regasification unit (FSRU) for ammonia.

The group’s two units KSOE and Hyundai Heavy Industries recently signed an agreement with KNOC and LR to jointly develop the unit, according to a statement by HHI issued on Thursday.

Currently, FSRUs are used as floating facilities that receive LNG offshore for storage, regasify it onboard, and send it to shore.

The units offer the advantages of shorter construction time and lower costs in comparison to construction of onshore storage tanks and regasification plants.

Such as an LNG FSRU, an ammonia FSRU stores liquefied ammonia, regasifies it, and supplies the fuel to onshore customers.

However, there are still no such units built. Earlier this year, Japan’s shipping giant MOL and compatriot Mitsubishi Shipbuilding completed a concept study on a FSRU for ammonia.

HHI says that ammonia is an “eco-friendly fuel” that does not emit carbon dioxide during combustion.

When mixed with coal, it can reduce carbon emissions while maintaining power generation, so there is an increasing demand for ammonia as an energy source for coal-fired power plants, it said.

Ammonia is also attracting attention as a carrier for hydrogen, HHI said.

Under the new agreement, HHI Group would develop the regasification system and create a basic design of an ammonia FSRU that can be used for the project promoted by KNOC. LR would review and approve the design, HHI said.

- Advertisements -

Most Popular

Delfin plans to take FID on first floating LNG producer in Q2

Delfin Midstream, the developer of a floating LNG export project in the Gulf of Mexico, is expecting to take...

QatarEnergy and ExxonMobil update on Golden Pass LNG work

QatarEnergy and ExxonMobil continue to make progress in building their $10 billion Golden Pass LNG export plant on the...

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

More News Like This

Hyundai Samho wins order to build two LNG carriers for about $519 million

South Korea’s Hyundai Samho Heavy Industries will build two liquefied natural gas (LNG) carriers for about $519 million under...

Hyundai Samho to build LNG carrier trio for about $765 million

South Korea's Hyundai Samho Heavy Industries will build three LNG carriers for about $765 million under a new order...

Capital Product Partners takes delivery of seventh LNG carrier

New York-listed Capital Product Partners has taken delivery of its seventh liquefied natural gas (LNG) carrier in South Korea. South...

GTT clinches HHI gig for LNG carrier trio

South Korean shipbuilder Hyundai Heavy Industries has awarded a new contract to French LNG containment giant GTT to design...