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Hyundai Heavy to develop ammonia FSRU

Hyundai Heavy Industries has begun to develop a floating storage re-gasification unit (FSRU) for ammonia in cooperation with Korea National Oil Corp (KNOC) and Lloyd’s Register.

“With cooperation with Hyundai Heavy Industries Group, it is possible to develop an ammonia FSRU for the first time in the world,” KNOC’s ESG head Ahn Beom-hee said.

South Korea is gearing up to ensure ammonia is a significant part of the nation’s energy mix within a decade.

Earlier this month, nine South Korean companies including HDC Hyundai Industrial Development joined forces to build a new industrial pier equipped with large ammonia storage tanks and liquid cargo ship berthing facilities on reclaimed land near an industrial park in Dangjin, about 80 km southwest of Seoul.

When completed in 2030, the facility will be able to handle 2m tons of ammonia per year.

Last month, Samsung C&T Corp, the construction and trading arm of South Korea’s Samsung Group, teamed with compatriot shipping firm KSS Line to develop a fleet of hydrogen and ammonia carriers.
KSS Line is the country’s only owner with current experience of shipping ammonia.

The two parties will work to source hydrogen and ammonia overseas and bring it back to South Korea.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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