Korea Shipbuilding & Offshore Engineering (KSOE), Hyundai Heavy Industries (HHI) and other companies signed a joint development project deal to make the world’s biggest liquefied carbon dioxide carrier, says an article published by Korea JoongAng Daily.
Deal Signed
HHI, Hyundai Glovis, G-Marine Service, American Bureau of Shipping (ABS), and Marshall Island Registry’s International Registries struck a partnership with KSOE.
KSOE holds 35.05 per cent of Hyundai Heavy Industries Holdings, while KSOE owns 78.02 per cent of HHI.
Safe transport
The businesses want to complete a 74,000-cubic-meter vessel capable of transporting liquefied carbon dioxide by the end of the year.
According to KSOE, it will be the world’s largest vessel of its sort.
KSOE and HHI will design and build the vessel, as well as develop the cargo containment system, which ensures the safe transport of liquefied carbon dioxide by regulating pressure in the storage tank.
The ship will have nine tanks for storing significant amounts of carbon dioxide.
Logistics service
They’ll also work on improving the cargo handling system, which controls how liquefied gas is loaded and removed from the ship.
The shipping of liquefied carbon dioxide will be handled by Hyundai Glovis and G-Marine Service, two logistics companies.
The vessel’s safety and quality will be evaluated by ABS and Marshall Island Registry’s International Registries.
Innovative technologies
“We will develop a huge liquefied carbon dioxide carrier based on the innovative technologies of Hyundai Heavy Industries Group,” said HHI Chief Technical Officer Joo Won-ho.
“We will contribute to the world’s carbon neutrality plans by leading the eco-friendly technology industry.”
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Source: Korea JoongAng Daily
