HD Hyundai Mipo Co., Ltd. (HMD) has received approval in principle for a 20,000 cbm LCO₂ carrier from Lloyd’s Register (LR).
According to LR, the vessel has been designed to support the growing CO₂ value chain with the growing importance of solutions, such as Carbon Capture and Storage (CCS). As explained, the approval was issued following the successful completion of a joint development project (JDP) between the parties.
The collaboration between LR and HMD represents a significant advancement in the field of LCO₂ transportation, demonstrating both companies’ commitment to enhancing vessel design and performance, while addressing the growing demand for efficient and environmentally responsible solutions.
… said Sung-Gu Park, President – North East Asia, Lloyd’s Register
The JDP focused on exploring and establishing the operational profile of LCO₂ carriers along with the design suitability and feasibility of the vessels. The 20,000 CBM carrier is notable for its optimised cargo tank arrangement, designed to enhance cost efficiency, while adhering to a maximum design pressure of 19 bar. This optimisation was a crucial component of the JDP, aimed at achieving both technical and economic efficiency.
Additionally, the development process included a rigorous technical review undertaken by LR focusing on fracture mechanics, with Engineering Critical Assessment (ECA) applied to the use of 690 MPa minimum yield strength material for the cargo tanks.
Dongjin Lee, Vice President of Head of initial Design division at HMD, stated that this approval is a testament to their commitment to advancing energy transition technologies and pioneering sustainable maritime fuel solutions.
The AiP was awarded to HMD on 19 September during Gastech 2024 in Houston.
