Samsung Heavy Industries and Lloyd’s Register (LR) have teamed up to jointly develop a floating production, storage and offloading vessel for green ammonia.
FPSOs have been widely used in the oil and gas industries, but their application for ammonia is relatively new, noted LR.
The unit will use renewable energy to provide power for electrolysis of seawater to produce green hydrogen, which will be combined with nitrogen and synthesised to produce green ammonia, ready for offloading to ammonia carriers. It is planned to be linked with offshore wind farms in Europe.
Under the memorandum of understanding, which was signed at Offshore Korea 2024, Samsung will design the FPSO while LR will undertake the review of the contractor’s deliverables and provide technical advice for further design development.
“The green ammonia market is poised to grow rapidly in the coming decades, particularly as a clean fuel alternative for the global shipping industry,” commented Sean van der Post, LR’s offshore business director.
Hae-Ki Jang, chief technology officer of Samsung Heavy Industries, said the South Korean company is delighted to be working with Lloyd’s Register on this project as a part of its development efforts towards achieving net-zero and pioneering advancements in green energy.
As a safety-focused, fuel-agnostic organisation, LR added it aims to create a safe framework for the ammonia cargo market and its use with other fuels.
Source: Amanda Battersby