Hyundai receives green light from Lloyd’s Register for ammonia-fueled ships
In collaboration with global engine manufacturer MAN Energy Solutions and Lloyd's Register, Hyundai Mipo Dockyard intends to commercialize the ammonia-propelled ships by 2025.
In the shipbuilding industry, ammonia has gained attention as an eco-friendly fuel for ships which do not emit carbon dioxide when burned.
The International Maritime Organization ( IMO) has taken mandatory steps allowing carriers to run a fleet of vessels built to minimize carbon dioxide emissions by more than 30 percent by 2025 compared to 2008.
The IMO also aims to further reduce emissions by 40 per cent by 2030 and 70 percent by 2050.
The IMO lowered the sulfur limit on fuel content from 3.5 percent to 0.5 percent from 1 January 2020.
Korea Shipbuilding & Offshore Engineering Co.,Ltd., newly formed from Hyundai Heavy Industries Co., is the subholding firm of Hyundai Heavy Industries Holdings Co. and has three shipbuilders—Hyundai Heavy, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries Co.
In March in Ulsan, Korea Shipbuilding and Hyundai Heavy formed a center to develop ships powered by both liquefied natural gas ( LNG) engines and fuel cells by late 2021.
Maritime Business World