HJ Heavy Industries announced that it had obtained design concept approval for an 88,000㎥ Very Large Ammonia Carrier (VLAC) from Lloyd’s Register (LR), a leading UK-based classification society. This milestone reflects the company’s commitment to pioneering decarbonization technologies in the maritime sector.
Key Development Highlights
- Partnership with Lloyd’s Register:
- The approval follows an MOU signed in July between HJ Heavy Industries and LR to develop next-generation VLAC technology.
- Six months of intensive collaboration resulted in a design that complies with all LR standards and requirements.
- Eco-Friendly Focus:
- Building on its expertise with LNG dual-fuel and methanol-powered container ships, HJ Heavy Industries designed the VLAC to use ammonia, a zero-carbon fuel when combusted.
- This innovation aligns with the IMO’s 2050 Carbon Zero initiative, which targets at least a 50% reduction in shipping emissions by 2050 compared to 2008 levels.
Market Implications and Future Plans
- Expanding the Ammonia Market:
- With the approval secured, HJ Heavy Industries is poised to address the growing global demand for ammonia propulsion carriers.
- The company is preparing to expand production and pursue additional orders in the decarbonization ship market.
- CEO Vision:
Yoo Sang-Chul, CEO of HJ Heavy Industries, emphasized:- The importance of eco-friendly fuel solutions to meet IMO targets.
- Ongoing efforts in R&D for hydrogen ships, liquefied carbon dioxide carriers, and carbon capture and storage technologies to lead the sustainable shipping market.
Significance of Ammonia as a Fuel
Ammonia is gaining traction as a clean alternative fuel for maritime transport:
- Zero CO₂ Emissions: Unlike fossil fuels, ammonia does not produce carbon dioxide when burned.
- Decarbonization Potential: It supports global efforts to transition to low-carbon shipping solutions.
The approval of the 88,000㎥ VLAC design marks a significant step for HJ Heavy Industries, enhancing its reputation as a leader in the eco-friendly maritime sector. By investing in innovative technologies and aligning with global decarbonization goals, the company is well-positioned to shape the future of sustainable shipping.
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Source: BUSINESS KOREA
