A groundbreaking joint development project (JDP) between ABS and Hyundai Heavy Industries Group (HHI Group) to improve carbon-reduction technology has received Approval in Principle (AIP).
ABS has given AIP to HHI Group’s carbon dioxide injection platform, which will store carbon dioxide collected on land, liquefied at high pressure, and transferred to the sea via a carrier or pipeline in the seabed. HHI Group created this platform with the objective of storing 400,000 tons of CO2 underground in Korea’s East Sea gas resource every year starting in 2025. At the Offshore Technology Conference, the AIP was unveiled.
The JDP was one of two signed by KSOE and ABS at the United Nations Climate Change Conference, COP26, in 2021. The other focused on establishing technical advice for green hydrogen generation from offshore platforms as a critical first step toward the design and building of a plant by 2025. The ABS AIP-awarded offshore green hydrogen production platform will be linked to renewable energy sources on land as a near-shore concept, as well as a range of offshore wind power. To meet a range of hydrogen sources and transportation techniques, it will offer numerous choices, including hydrogen liquefaction, ammonia, and methanol conversion to hydrogen power systems.
“Carbon capture is a game-changing technology that can help reduce greenhouse gas emissions significantly.” “ABS is dedicated to supporting not just the construction of infrastructure like this platform, but also the boats that will prove crucial to the value chain, with a laser focus on safety,” said Peter Fitzpatrick, ABS Senior Vice President, Global Offshore.
“HHI Group plays a vital role in the development of green hydrogen and CO2 injection platforms for new markets in the carbon-neutral age,” stated Sungjoon Kim, HHI Group Chief Technology Officer. We created an offshore green hydrogen production/carbon dioxide injection platform based on HHI group’s distinctive offshore platform technology gathered over a long period of time.”
