Hyundai Heavy Industries (HHI) Group and American Bureau of Shipping (ABS) have reached approval in principle (AIP) on a joint development project (JDP) to advance carbon-reduction technologies. ABS awarded AIP to HHI’s carbon dioxide injection platform which has the goal of storing 400,000 tonnes/year (tpy) of CO2 in South Korea’s Donghae gas field in the East Sea starting in 2025.
Stored CO2 would be captured on land, liquefied, and transported by subsea pipeline to the field. Production from Donghae is scheduled to finish in 2022.
Launched at the 2021 United Nations Climate Change Conference, COP26, the JDP was one of two signed by HHI company Korea Shipbuilding & Offshore Engineering (KSOE) and ABS, with a second focused on developing technical guidance for green hydrogen production from offshore platforms as a first step to design and construction of a plant by 2025. The offshore green hydrogen production platform, which has also received ABS AIP, will be linked to renewable power sources on land as a near-shore concept, as well as a variety of offshore wind power. It will offer several options, including hydrogen liquefaction, ammonia, and methanol conversion to hydrogen power systems, according to ABS.
The CO2 AIP was presented at the Offshore Technology Conference in Houston.
