ABS, Hyundai Heavy Industries (HHI) and Korea Shipbuilding and Offshore Engineering (KSOE) have signed two landmark joint development projects (JDPs) to develop decarbonisation technologies to support global sustainability ambitions.
ABS, HHI and KSOE will jointly develop technical guidance for green hydrogen production from offshore platforms as a key first step to designing and constructing a facility by 2025. The guidance will facilitate the development of production facilities providing a vital contribution to a global green hydrogen economy.
A second offshore carbon capture JDP is focused on securing an AIP for HHI and KSOE’s design for a CO2 injection platform for offshore storage. The platform is designed to store 400,000 tonnes of captured and liquefied CO2 every year from 2025.
Won Ho JOO, HHI Senior Executive VP, said, “These projects are part of our continuous endeavors and commitment to a sustainable future that is aligned with HHI Group’s ESG vision, ‘Beyond Blue Forward to Green’.”
Sung Joon KIM, CTO of KSOE, commented, “We are preparing the development of the whole value chains of both CO2 and green hydrogen.”
Christopher J. Wiernicki, ABS Chairman, said, “Securing the required quantities of zero-carbon fuels to power our industry’s transition will require significant scaling up of the global renewable energy sources.”
The announcement was made during the 2021 United Nations Climate Change Conference, COP26, in Glasgow.