Daewoo Shipbuilding & Marine Engineering (DSME), one of the “Big Three” shipbuilders of South Korea, collaborates with Korea National Oil Corporation (KNOC), the national oil and gas company of South Korea, in order to develop low carbon hydrogen/ammonia and liquefied carbon dioxide (LCO2) carriers.
The aim of this collaborations is to accelerate the commercialization of decarbonized ships through continuous technology development. The two companies signed a memorandum of understanding (MoU) on 17 March 2022.
More specifically, they decided to form a joint working council and jointly conduct research on core decarbonization technologies using hydrogen and ammonia and related ship development.
In respect to DSME, the company develops ships such as low-carbon ammonia carriers and eco-friendly LCO2 carriers that use ammonia as a propulsion fuel. It also plans to prepare the technology base for the commercialization of such vessels by conducting economic analyses necessary for actual operation.
On the other hand, KNOC uses its oil development network and promotes the establishment of ammonia storage and distribution infrastructure.
Decarbonization technology development for carbon neutrality in 2050 is now an essential task for the shipbuilding industry
…said Sung-Geun Lee, President/CEO at DSME
