Collecting Carbon Dioxide Underground Beneath the Sea... Hyundai Heavy Industries Group Develops Platform

[Asia Economy Reporter Choi Dae-yeol] Hyundai Heavy Industries Group announced on the 31st that its affiliates Hyundai Heavy Industries and Korea Shipbuilding & Offshore Engineering have developed an offshore carbon dioxide injection platform together with Korea National Oil Corporation.

The newly developed platform stores carbon dioxide, which is collected onshore and transported offshore by carriers or pipelines, underground beneath the seabed. The three companies aim to store 400,000 tons of carbon dioxide annually underground at the Donghae gas field starting in 2025. The Donghae gas field, which is nearing the end of its production, is planned to store a total of 12 million tons over 30 years at a rate of 400,000 tons per year.

Carbon Capture and Storage (CCS) is a field gaining attention in the upcoming carbon-neutral era. CCS is a technology that captures carbon dioxide from large emission sources such as industrial facilities, compresses it, and stores it underground either onshore or offshore. In April of this year, Hyundai Heavy Industries and the other two companies signed a national project agreement for a CCS project utilizing the Donghae gas field. Hyundai Heavy Industries was responsible for the basic design of the platform, Korea Shipbuilding & Offshore Engineering developed the carbon dioxide injection process and system, and Korea National Oil Corporation provided injection and operation standards based on its experience operating the Donghae gas field.

According to a report by the International Energy Agency (IEA) last year, CCS implementation is essential for achieving global carbon neutrality, and it is projected that more than 20 projects will be commissioned annually until 2060. A Hyundai Heavy Industries Group official stated, "We developed this offshore carbon dioxide injection platform based on our differentiated offshore platform technology," adding, "We will focus our efforts on developing related technologies to lead the carbon-neutral market in the marine sector going forward."

This content was produced with the assistance of AI translation services.