HMM Signs MOU with Hanwha Group and KR for Joint Development of 'Carbon-Free Propulsion Systems'

On October 23, HMM announced that it had signed a "Technology Cooperation Memorandum of Understanding (MOU) for Joint Development of Next-Generation Carbon-Free Propulsion Systems" with four Hanwha Group affiliates (Hanwha Power Systems, Hanwha Ocean, Hanwha Aerospace, Hanwha Systems) and KR (Korean Register).

The next-generation carbon-free propulsion system refers to a system that operates ships using electricity generated from ammonia gas turbines (GT) and fuel cells. Ammonia gas turbines generate electricity by combusting ammonia, a carbon-free fuel, while fuel cells produce electricity through a chemical reaction between oxygen and hydrogen, resulting in zero carbon emissions.

On the 22nd in Busan, Kim Minkang, Head of Maritime Affairs at HMM (third from the right), Kim Hyungseok, Head of Ship Solution Business Division at Hanwha Power Systems (fourth from the right), and Yeon Kyujin, Executive Director at KR (second from the right), are posing for a commemorative photo at the "Technology Cooperation Agreement Ceremony for Joint Development of Next-Generation Carbon-Free Propulsion Systems." HMM

Through this agreement, the companies plan to jointly develop a system suitable for operating small and medium-sized container ships, as well as new concept vessels utilizing carbon-free propulsion systems. Hanwha Group will lead the development of propulsion systems such as ammonia gas turbines and fuel cells, while HMM will conduct demonstrations based on its ship operation experience. KR will continue to provide support for obtaining international certifications, including safety reviews and regulatory compliance consulting.

Kim Minkang, Head of Maritime Affairs at HMM, stated, "This collaboration is a strategic partnership to respond to the global shift toward decarbonization. Through demonstration and commercialization, we will accelerate the transition to a future eco-friendly fleet."

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