DNV has granted Approval in Principle (AiP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and its subsidiaries for their new hydrogen system. HD KSOE aims to develop a hydrogen carrier technology that enables large-capacity hydrogen transportation and storage by 2030. The system utilizes boil-off gas from hydrogen transport for a hybrid propulsion system, integrating hydrogen dual-fuel engines and fuel cells. HD KSOE is collaborating with partners like Woodside Energy and Linde Engineering to explore hydrogen transportation and storage solutions, with the goal of commercializing their advancements by 2030. Woodside Energy sees this new system as crucial for accelerating the development of the hydrogen shipping value chain.
Woodside Energy, HD KSOE, and Hyundai Glovis entered into a non-binding Memorandum of Understanding (MoU) in 2022 to develop an integrated marine transportation system for new energy products, including hydrogen, ammonia, and carbon dioxide. Woodside expects the development of new energy markets to mirror the growth of the LNG industry, requiring government support and collaboration opportunities. The roles of hydrogen producers, consumers, and shipyards are crucial in realizing hydrogen shipping, and ongoing collaboration is expected to accelerate the growth of hydrogen.
This AiP from DNV signifies the recognition and approval of HD KSOE’s hydrogen system, which aims to revolutionize hydrogen transportation and storage. With the support of partners like Woodside Energy and Linde Engineering, HD KSOE is working towards commercializing their advancements by 2030. The development of a hydrogen shipping value chain is seen as essential for the growth of the hydrogen industry, and collaboration between hydrogen producers, consumers, and shipyards is key. Woodside Energy believes that government support and collaboration opportunities are necessary to drive the development of new energy markets, similar to the growth of the LNG industry in the past.