"Will Become the Next-Generation Leader in Eco-Friendly Energy"
HD Hyundai is accelerating the development of offshore liquefied hydrogen transportation technology in collaboration with global energy company Shell.
HD Hyundai signed a Joint Development Agreement (JDA) for the development of a liquefied hydrogen carrier with global energy company Shell at the HD Hyundai Global R&D Center (GRC) in Seongnam-si, Gyeonggi Province. From left in the photo: Kim Seong-jun, CEO of HD Korea Shipbuilding & Offshore; Carrie Traus, Senior Vice President of Shell; Jeon Seung-ho, Head of Technology at HD Hyundai Heavy Industries. Photo by HD Hyundai
HD Hyundai's shipbuilding affiliates, HD Hyundai Korea Shipbuilding & Offshore Engineering and HD Hyundai Heavy Industries, announced on the 24th that they recently signed a Joint Development Agreement (JDA) with Shell for the development of liquefied hydrogen carriers at the HD Hyundai Global R&D Center (GRC) in Seongnam, Gyeonggi Province.
Under this agreement, the two companies plan to jointly develop large-scale liquefied hydrogen carriers aiming for commercialization by 2030, intending to secure a leading position in the upcoming offshore liquefied hydrogen transportation market.
HD Hyundai Korea Shipbuilding & Offshore Engineering will research and develop core technologies such as large liquefied hydrogen tanks and hydrogen cargo operation systems, while HD Hyundai Heavy Industries will be responsible for hydrogen engine development and the design of liquefied hydrogen carriers. Shell will share its know-how on in-house technology development and carrier operation and review the feasibility of the liquefied hydrogen carrier design.
Kim Seong-jun, CEO of HD Hyundai Korea Shipbuilding & Offshore Engineering, said, "HD Hyundai Korea Shipbuilding & Offshore Engineering has independently developed ship technologies related to eco-friendly energy such as methanol, ammonia, carbon dioxide, and hydrogen. Through our partnership with global energy company Shell, we will take the lead in the next-generation eco-friendly energy market."
Carey Trausch, Senior Vice President of Shell, said, "This project will not only strengthen our partnership but also provide a meaningful opportunity to design future vessels and offer better energy solutions."
Meanwhile, HD Hyundai is actively advancing technology development in the hydrogen transportation sector by partnering with various global companies. In February, it signed a Memorandum of Understanding (MOU) for cooperation in developing the liquefied hydrogen transportation value chain with Woodside Energy, Australia's largest energy company, Hyundai Glovis, and Japan's global shipping company MOL (Mitsui O.S.K. Lines).
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