Hyundai Heavy Industries Group Showcases Eco-Friendly Technologies at the International Green Marine Plant Exhibition

Exhibition of Eco-Friendly Ship Products Including Ammonia Carriers

View of the Hyundai Heavy Industries Group booth installed at the '2022 International Green Marine Plant Exhibition.' Photo by Hyundai Heavy Industries Group

[Asia Economy Reporter Choi Seoyoon] Hyundai Heavy Industries Group will showcase a wide range of eco-friendly technologies in the shipbuilding and offshore plant sectors that will lead the future market at the International Green Offshore Plant Exhibition.

Three companies of Hyundai Heavy Industries Group?Hyundai Heavy Industries, Hyundai Electric, and Hyundai Global Service?will participate in the ‘International Green Offshore Plant Exhibition (GREEN&OFFSHORE KOREA 2022)’ held at BEXCO in Busan from the 12th to the 14th.

At this exhibition, Hyundai Heavy Industries Group will set up a 90㎡ (approximately 27 pyeong) booth to promote next-generation green ship technologies such as the 11,000㎥ ammonia carrier and ammonia dual-fuel engine.

In particular, on the second day of the event, the group is scheduled to receive a basic approval in principle (AIP) certification from the American Bureau of Shipping (ABS) for the ‘1 million ton-class carbon dioxide (CO₂) injection system design’ at the exhibition.

This system is a follow-up model of the 400,000-ton-class Korean fixed CCS (carbon capture and storage) platform jointly developed by Hyundai Heavy Industries Group and Korea National Oil Corporation for the East Sea gas field CCS demonstration project. By applying ‘On-site CCS technology’ that captures and stores carbon dioxide generated during the operation of the offshore carbon dioxide injection system, a low-carbon CCS platform was realized.

Also, Hyundai Heavy Industries Group’s ‘Hi-ReGAS+’, a high-efficiency new concept LNG-FSRU regasification system utilizing non-powered natural circulation, will receive basic certification from ABS on the same day. Compared to existing regasification systems, it reduces the size and weight of the heat exchanger by more than 50%, and through reduced circulation power, it is expected to save over 4 million USD in annual operating costs and reduce approximately 10,000 tons of carbon dioxide emissions annually.

A Hyundai Heavy Industries official said, “With the strengthening of offshore carbon emission regulations, the technology trends in the shipbuilding and offshore plant industries are rapidly changing. We will actively promote a wide range of eco-friendly technologies at this exhibition and lead the technological paradigm in the offshore mobility sector.”

Meanwhile, now in its 6th year, the International Green Offshore Plant Exhibition is a specialized international exhibition for offshore plants, with participation from over 150 companies from 11 countries worldwide, including major overseas oil majors. It is co-hosted by the Ministry of Trade, Industry and Energy and Busan Metropolitan City, with participation from Korea’s three major shipbuilders: Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering.

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