HD Hyundai’s units, HD Korea Shipbuilding and Offshore Engineering (HD KSOE) and HD Hyundai Heavy Industries (HD HHI), have entered into a joint development agreement with Shell to advance the creation of large liquefied hydrogen carriers. This collaboration formalized recently, aims to commercialize these carriers by 2030, positioning them as key players in the burgeoning hydrogen transportation market.
Development of Core Technologies
HD KSOE is tasked with researching and developing essential technologies, including large liquefied hydrogen tanks and hydrogen cargo operation systems. Their expertise will be pivotal in overcoming technical challenges associated with the safe and efficient storage and transport of liquefied hydrogen.
Development of Core Technologies
HD KSOE is tasked with researching and developing essential technologies, including large liquefied hydrogen tanks and hydrogen cargo operation systems. Their expertise will be pivotal in overcoming technical challenges associated with the safe and efficient storage and transport of liquefied hydrogen.
Shell’s Role and Market Potential
Shell will contribute its expertise in technology development and carrier operation, while also assessing the feasibility of the carrier designs. The partnership aligns with the anticipated growth in the hydrogen transportation market, projected to reach approximately $566 billion by 2050. This initiative is part of a broader effort to establish a robust liquefied hydrogen supply chain, involving key players like Hyundai Glovis, Mitsui O.S.K. Lines (MOL), and Woodside, to support the growing demand for clean energy solutions in Asia and beyond.
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Source: Offshore Energy
