Wednesday, March 3, 2021

Hyundai Heavy Industries and Saudi Aramco Sign Deal To Work On "Blue" Hydrogen

Everybody is just feeling their way into this stuff, hoping they can get someone else to pick up the tab until the way forward is clearer. For what it's worth Hyundai Heavy is probably better known to our readers as Korea's largest shipbuilder as they:

...said today it is creating new ships that can carry LPG and CO2 at the same time, while also working on designs for ammonia carriers and ammonia-fuelled ships. Subsidiary Hyundai Mipo Dockyard is pressing ahead with plans to commercialise ammonia-fuelled ships by 2025. The Korean yard has been working on the project with engine maker MAN Energy Solutions and British class society Lloyd’s Register.

From Korea's Yonhap News Agency, March 3:

Hyundai Heavy Industries Holdings Co. (HHIH) said Wednesday that it has signed a deal with Saudi Arabia's state-run oil firm Saudi Aramco to cooperate on a hydrogen project.

Under the deal, Hyundai Oilbank Co., HHIH's refining unit, will import liquefied petroleum gas (LPG) from Saudi Aramco to produce blue hydrogen, which is derived from fossil fuel resources such as natural gas, the holding company said.

Carbon dioxide captured and stored during the production process will also be provided to Saudi Aramco for the extraction of crude oil from exhausted oil fields....

....MORE

 The Hyundai self-promoting quote is via Splash 24/7 who emphasize the shipbuilding angle:

Hyundai Heavy developing LPG/CO2 carrier in partnership with Saudi Aramco