Hanwha Group’s Vice Chairman, Kim Dong-kwan, announced at the World Economic Forum in Davos, Switzerland, a strategy to decarbonize maritime shipping. The South Korean conglomerate plans to develop a zero-emission gas carrier using its green technology and running on alternative fuels like ammonia. This move represents a significant shift in the industry and a commitment to a carbon-neutral future. Hanwha aims to replace internal combustion engines with ammonia-powered gas turbines and incorporate hydrogen fuel cells for carbon-free electrification.
The company’s holistic approach to the energy transition includes disruptive changes in clean energy production, storage, and transportation. Hanwha’s initiative also involves an integrated ammonia cracker to generate hydrogen for fuel cells on board. By owning and operating these green ships, Hanwha hopes to demonstrate the technology’s benefits, lower investment barriers for shipowners, and stimulate market demand for decarbonized maritime solutions. This strategy aligns with the goals of the First Movers Coalition, a global partnership dedicated to decarbonizing heavy-emitting sectors.
Hanwha Group’s commitment to decarbonizing maritime shipping, as outlined by Vice Chairman Kim Dong-kwan, represents a significant step towards a sustainable future. Their strategy, including the development of a zero-emission gas carrier and the replacement of conventional engines with ammonia-powered gas turbines, positions the company as a leader in the global shift towards clean energy.
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