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Hyundai Heavy to Develop Next Generation Liquefied CO2 Carriers

Aug. 11, 2010 - Hyundai Heavy and Maersk Tankers are developing next generation liquefied CO₂ carriers to be ready for the market by 2015.

As part of the Finncap project that captures CO₂ from power plants in Finland, the new carriers will deliver and offload captured CO₂ at the injecting wells in the North Sea.

Hyundai Heavy has already completed basic designs for semi-refrigerated and semi-pressurized CO₂ carriers in cooperation with Maersk Tanker and also plans to develop multiple-use ships that can carry CO₂ /LPG or CO₂ /ammonia.

As more governments move to reduce greenhouse gas emission, Maersk estimates the global demand for CO₂ carriers will increase and reach 380 vessels by 2020.

Please see Hyundai Heavy Industries Co., Ltd. (HHI) company electronic office

Contacts for Media
Tel.: +82-52-202-2342
Fax.: +82-52-202-2347
e-mail: hhiopr@hhi.co.kr

Hyundai Heavy Industries Co., Ltd. (HHI) is the world's largest shipbuilding company, headquartered in Ulsan, South Korea. It has seven business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro & Electric Systems, Construction Equipment, and Green Energy.

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