Hanwha Unveils Vision for Carbon-Free Shipping with Innovative Green Gas Carrier
Hanwha, known for its strong footprint in clean energy, including solar, hydrogen, and wind energy, aims to strengthen its clean energy value chain with a focus on carbon-free transport in shipping.
January 18, 2024. By Abha Rustagi
The plan includes the development of an industry-first zero-emission gas carrier powered entirely by alternative fuels, utilizing Hanwha's proprietary green technology. Kim emphasized the importance of global collaboration to drive the adoption of such green technologies and create a growing market demand.
Hanwha, known for its strong footprint in clean energy, including solar, hydrogen, and wind energy, aims to strengthen its clean energy value chain with a focus on carbon-free transport in shipping. The company's commitment aligns with the broader energy transition goals and the push towards a sustainable future.
“Hanwha is challenging existing industry frameworks, spearheading new innovations, and paving the way for maritime decarbonization,” stated DK Kim. “Advancing green ship technology and establishing a robust clean energy value chain will help us gain ground in our journey toward net zero.”
The proposed carbon-free vessel by Hanwha will be powered by alternative fuels such as ammonia, marking a departure from conventional internal combustion engines. Hanwha plans to develop an ammonia-powered gas turbine, eliminating the need for pilot fuel in the ignition process.
Additionally, the vessel will feature hydrogen fuel cells with energy storage systems (ESS) as an auxiliary power source, with an integrated ammonia cracker producing the required hydrogen.
To bring the green ship technology to maturity and drive demand, Hanwha intends to own and operate the newly developed vessels. The company aims to showcase the benefits of this technology, making it more accessible for shipowners to invest in cutting-edge and sustainable solutions.
As a strategic partner of the WEF, Hanwha has joined the First Movers Coalition (FMC), a global initiative supported by government partners and leading companies. The FMC aims to create early markets for advanced technologies in hard-to-abate sectors, including shipping, and accelerate the decarbonization of these industries.
The decarbonization of shipping is crucial in the global journey to achieve net-zero goals, considering that nearly 90 percent of all globally traded goods are transported by sea, contributing to 3 percent of global greenhouse gas emissions.
Hanwha's commitment to green ship technology and active participation in climate action initiatives underscores the company's dedication to driving sustainable and innovative solutions in the shipping industry and beyond.
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