MOL Partners With Woodside, HD KSOE, And Hyundai Glovis To Study Liquefied Hydrogen Transportation

MOL has reportedly signed a non-binding memorandum of understanding with Woodside, Hyundai Glovis, and HD KSOE to jointly study the development of shipping solutions to enable bulk marine transportation of liquid hydrogen, which the three companies have been pursuing since 2022.

The goal is to have a liquefied hydrogen supply chain in Asia and other regions. If a project results from the MoU, the parties aspire to have the vessel built and in operation by 2030. Under the concept design, the liquefied hydrogen carrier will use hydrogen as the essential fuel, which has been anticipated to lower CO2 emissions significantly during operations.

Ongoing discussions between the parties also contemplate that if an assignment results from the MoU, Woodside will be responsible for producing hydrogen and storing it at the loading and discharging ports. The HD KSOE would both — design and build the vessel.

MOL and Hyundai Glovis will offer ship operational inputs into the vessel design, including propulsion, logistics, storage, and cargo handling. In 2023, the DNV also issued an approval in principle (abbreviated the AiP) to HD KSOE and its subsidiaries, namely HD Hyundai Heavy Industry and Hyundai Mipo Dockyard, for their hydrogen systems for the liquefied hydrogen carrier.

The system uses boil-off gas via hydrogen transport for an advanced hybrid propulsion system, seamlessly integrating hydrogen DF engines and fuel cells.

Reference: Offshore Energy

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