Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industries, and HSD Engine Jointly Develop Next-Generation Eco-Friendly Ship Engines

On the 29th, Daewoo Shipbuilding & Marine Engineering signed a 'Next-Generation Eco-Friendly Engine Development Memorandum of Understanding (MOU)' with Samsung Heavy Industries and HSD Engine in Changwon, Gyeongnam. From the left in the photo are President Park Du-seon, HSD Engine President Go Young-ryeol, and Samsung Heavy Industries President Jeong Jin-taek posing for a commemorative photo. Photo by Daewoo Shipbuilding & Marine Engineering

[Asia Economy Reporter Jeong Dong-hoon] Daewoo Shipbuilding & Marine Engineering announced on the 30th that it has signed a 'Next-Generation Eco-Friendly Engine Development Memorandum of Understanding (MOU)' with Samsung Heavy Industries and HSD Engine to jointly develop ship engines.

The MOU signing ceremony was held the previous day at the Grand Mercure Ambassador Hotel in Changwon, Gyeongnam. This MOU will be established to jointly respond to strengthening environmental regulations and to develop next-generation eco-friendly engines and equipment.

Recently, large ships have been switching from fossil fuels to liquefied natural gas (LNG) propulsion, but developing next-generation eco-friendly engines is urgent to meet the goal of 'decarbonization.'

Accordingly, the industry is developing new engines using alternative fuels such as methanol, ammonia, and hydrogen in response to the strengthening environmental regulations.

Through this MOU, the three companies plan to conduct joint research and will focus on ▲ developing next-generation eco-friendly engines and equipment ▲ reviewing joint business operation plans among the parties to the agreement ▲ conducting regular technical exchange meetings and personnel exchanges among the parties ▲ discovering other possible cooperation items beyond next-generation eco-friendly engines.

Daewoo Shipbuilding & Marine Engineering evaluated that this agreement could also help revitalize the shipbuilding industry ecosystem and the economy of the Gyeongnam region.

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