A feasibility study is set to explore the viability of a near-shore green hydrogen production and liquification facility in Korea.
The American Bureau of Shipping signed a memorandum of understanding with the Korea Institute of Energy Technology, HD Korea Shipbuilding and Offshore Engineering, part of HD Hyundai Group, Linde Korea, and Linde PLC.
Powered by offshore wind power, the study will assess the viability of a green hydrogen production and liquefication facility at a floating near-shore platform.
With support from the South Korean government, the commercial scale production of green hydrogen is expected to increase energy self-efficiency.
South Korea previously initiated its Renewable Energy 3020 Implementation Plan, with the aim to develop 12GW of offshore wind projects by 2030.
ABS have a growing portfolio of work supporting the production of green hydrogen, including an approval in principle (AIP) for HD Hyundai Group’s offshore green hydrogen production platform.
Panos Koutsoirakis, ABS Vice President of Global Sustainability, said: “Green hydrogen is a critical component in any net-zero scenario.
“ABS is leading the maritime industry in decarbonization and sustainability solutions, contributing our technical knowledge to develop comprehensive studies such as this one.”