HD Korea Shipbuilding Secures Order for World's Largest Carbon Dioxide Carrier

HD Hyundai Heavy Industries has secured an order for the world's largest liquefied carbon dioxide (CO2) carrier.

On the 19th, HD Hyundai Heavy Industries announced that it had signed a construction contract with Greece's Capital Maritime Group for two 22,000㎥ liquefied CO2 carriers worth 179 billion KRW.

Perspective view of Hyundai Mipo Dockyard liquefied carbon dioxide carrier

The carriers, measuring 159.9m in length, 27.4m in width, and 17.8m in height, will be built at Ulsan Hyundai Mipo Dockyard and are scheduled to be delivered sequentially to the shipowner starting in the second half of 2025.

These vessels were developed for eco-friendly purposes to transport liquefied carbon dioxide and are designed to carry various liquefied gas cargos such as liquefied petroleum gas (LPG) and ammonia, ensuring operational versatility. Additionally, they will be constructed as eco-friendly ships equipped with 'Ammonia Dual Fuel Ready' technology, allowing conversion to ammonia-powered vessels to achieve future carbon neutrality.

Demand for CO2 carriers is expected to increase due to decarbonization policies. The Global CCS Institute, a research organization in the carbon capture and storage (CCS) sector, forecasts that the CCS market will grow by more than 30% annually, with global carbon capture reaching 7.6 billion tons by 2050. The demand for carriers, which play a crucial role in transporting captured CO2 by sea, is also expected to rise.

Since September last year, HD Hyundai Heavy Industries has been focusing on developing core technologies in this field, having received Approval in Principle (AIP) from the American Bureau of Shipping (ABS), Lloyd’s Register (LR), and the Liberian Registry for carriers of 74,000㎥, 40,000㎥, and 30,000㎥ capacities at the global gas exhibition 'Gastech.'

An official from HD Hyundai Heavy Industries stated, "Orders for large and ultra-large carriers are expected to continue," adding, "We will lead the market in this sector based on the technological development achievements we have proactively accumulated."

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