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Hyundai Heavy Begins Exports Eco-Friendly Marine Engines

Hyundai Heavy Industries, the world's biggest shipbuilder and a leading marine engine manufacturer, today announced it started exporting the eco-friendly gas engine Hyundai HiMSEN H35/40GV after completing test runs on June 18.

The new gas engine runs on liquefied natural gas rather than heavy crude oil and has a maximum power output of 13,000 bhp. The HiMSEN H35/40GV can be used to generate power for onshore power plants, commercial ships, and offshore facilities including drillships.

The new engine emits 20% less carbon dioxide than diesel engines, reduces NOx emissions by 97% to reach world's lowest level of 50 ppm, and improves engine performance by 47%.

The Ulsan, South Korea-based company will export the engine to an onshore gas-powered power plant in the Middle East after final paint and packing work.

Mr. Kim Jeong-hwan, COO of Hyundai Heavy's Engine & Machinery Division said, "Due to high oil prices and strengthening regulations on emissions, the demand for gas engines is increasing. We expect these high-output gas engines to help Hyundai Heavy expand our product lines, diversify target markets, and boost sales."

With a 35% share of the diesel engine market, Hyundai Heavy plans to be in the Top 3 for gas engines with a 15% market share by 2013.

* Photo: Test run of Hyundai Heavy's Eco-friendly Gas Engine HiMSEN H35/40GV


2012-06-19

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

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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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