Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to HD Hyundai Heavy Industries (HHI) and Korea Shipbuilding & Offshore Engineering (KSOE) for its Ammonia Floating Storage Re-Gasification Unit (FSRU), the first of its kind in Korea.
HI’s ammonia-FSRU will store liquefied ammonia transported from production areas and can perform regasification to supply to shipowners and operators. The AiP follows the signing of a Memorandum of Understanding (MoU) in December 2022 for a Joint Development Project (JDP) between LR, Korea National Oil Corporation (KNOC), HD HHI KSOE.
The development of FSRUs that can respond flexibly to the operating environment in a situation where the marketability of ammonia is increasing is an important element in the industrial value chain.
… said Sung-Gu Park, North East Asia President of Lloyd’s Register
In late 2022, Hyundai Heavy Industries Group announced that is developing a floating storage re-gasification unit (FSRU) for ammonia in cooperation with Korea National Oil Corp. (KNOC) and Lloyd’s Register. A few days ago, HD Hyundai announced that it developed a special marine supply vessel for ammonia for the first time in Korea.
This development will be one of the major solutions to solve pending issues in the field of clean ammonia storage infrastructure.
… said Beom-hee Ahn, Head of ESG, Korea National Oil Corporation
As part of the JDP to develop the Ammonia FSRU, HHI performed the basic design of the unit whilst KSOE developed the key equipment for the regasification system and KNOC provided technical information on the construction of domestic clean ammonia acquisition and storage infrastructure projects.
We developed the first ammonia-FSRU in Korea based on HD Hyundai Heavy Industries differentiated FSRU technology accumulated over a long period of time.
… said Seung-ho Jeon, Head of Technology, HD Hyundai Heavy Industries