South Korean shipbuilding conglomerate HD Hyundai and UK-based giant Shell have entered into a joint development agreement (JDA) to create large liquefied hydrogen (LH2) carriers, aiming for commercialization by 2030.
HD Hyundai’s units, HD Korea Shipbuilding and Offshore Engineering (HD KSOE) and HD Hyundai Heavy Industries (HD HHI), will lead the technological development. HD KSOE is tasked with developing large liquefied hydrogen tanks and hydrogen cargo operating systems, while HD HHI will focus on creating hydrogen engines and designing the carriers. Shell will contribute its expertise in technology development, vessel operations, and feasibility assessment of the carrier designs.
The collaboration is pivotal as it combines HD Hyundai’s shipbuilding prowess with Shell’s extensive experience in energy and logistics. This integration aims to address the technical and operational challenges associated with LH2 transport.
Developing large-scale LH2 carriers involves overcoming significant technical hurdles. Liquefied hydrogen must be stored at extremely low temperatures (approximately -253°C), which poses challenges in maintaining structural integrity and safety. HD Hyundai’s role in developing specialized tanks and cargo systems is crucial in addressing these challenges. Meanwhile, Shell’s input will be invaluable in ensuring that these designs are operationally feasible and meet industry standards.
The development of LH2 carriers is not without competition. Earlier this year, HD KSOE collaborated with Japan’s shipping firm MOL, Australia’s LNG player Woodside, and Hyundai Glovis to explore solutions for bulk hydrogen transport. This project aims to establish a supply chain with an 80,000 cubic meter capacity vessel by 2030. These collaborative efforts indicate a growing recognition of the need for robust hydrogen transport infrastructure, emphasizing safety, efficiency, and economic viability.
Comparatively, Shell’s ongoing work with French LNG containment giant GTT on a liquefied hydrogen membrane type containment system and LH2 carrier further underscores the competitive landscape. These initiatives collectively push the boundaries of current technology and set new benchmarks for the industry.
The successful development and deployment of LH2 carriers will have significant implications for the global hydrogen economy. Hydrogen is seen as a key element in the transition to low-carbon energy, and its efficient transportation is essential for scaling up hydrogen supply chains. By targeting commercialization by 2030, HD Hyundai and Shell are positioning themselves at the forefront of this burgeoning market.
Shell’s involvement reflects its broader strategy to develop a hydrogen energy supply chain, leveraging scalable and safe LH2 shipping technologies. This is in line with global trends where major energy companies are investing heavily in hydrogen infrastructure to meet increasing demand and support decarbonization goals.
