LR and SHI Join Forces for Green Ammonia FPSO System

LR and SHI Join Forces for Green Ammonia FPSO System 1.jpg

Lloyd’s Register (LR) has signed a memorandum of understanding (MoU) with Samsung Heavy Industries (SHI) for the joint development of a floating production, storage, and offloading (FPSO) system for green ammonia. 

The FPSO process has been widely used in the oil and gas industries, but its application for ammonia is relatively new.  

The unit will use renewable energy to provide power for electrolysis of seawater to produce green hydrogen, which will be combined with nitrogen and synthesized to produce green ammonia, ready for offloading to ammonia carriers.

It is planned to be linked with offshore wind farms in Europe. 

Under the agreement, which was signed at Offshore Korea 2024, SHI will carry out the design for the FPSO and LR will undertake the review of SHI deliverables and provide technical advice for further design development.  

“The green ammonia market is poised to grow rapidly in the coming decades, particularly as a clean fuel alternative for the global shipping industry. LR is looking forward to collaborating with SHI to help meet this demand,” said Sean van der Post, Lloyd’s Register’s Offshore Business Director.

“We are delighted to be working with Lloyd’s Register on this project as a part of our development efforts towards achieving Net-zero and pioneering advancements in green energy,” added Hae-Ki Jang, CTO of SHI.

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

FLNG Report

Floating Liquefaction and Regasification Report And Online Database

  • Annual reports -- Our new 150-page report is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
  • Online database -- The online database is updated every day – with information direct from primary sources. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request Free Trial