Published by Todd Bush on February 3, 2025
Leading the Decarbonization of the Marine Transportation Sector Through Fuel-Flexible Combustion Technology
SEOUL, South Korea, Feb. 3, 2025 /PRNewswire/ -- With the goal of completely carbon-free operation of ships, Hanwha Power Systems and Hanwha Ocean (KRX: 042660) have signed a Joint Development and Collaboration Agreement with Baker Hughes, a global energy technology company, to design and produce low-carbon ammonia gas turbines during the Baker Hughes Annual Meeting 2025 in Florence, Italy on February 2-4.
>> In Other News: PyroGenesis' Contract with Varennes Carbon Recycling Plant Project Increases to $3.6 million.
Hanwha Group declared its vision for the world's first fossil fuel-free ship at the Davos Forum in Switzerland last year. Hanwha Group plans to complete the development of liquefied natural gas carriers and container ships using the ammonia gas turbine propulsion system by 2028.
The ammonia gas turbine will be based on Baker Hughes' proven, small-size world-class turbine technology and a newly developed ammonia combustion system created by PSM, a U.S.-based Hanwha subsidiary. The gas turbine will be capable of 100% ammonia combustion and dual-fuel operation with a natural gas and ammonia blend. This will enable a completely carbon-free mode of propulsion for large shipowners.
In September 2023, Hanwha Power Systems and Hanwha Ocean obtained Approval in Principle (AIP) from the American Bureau of Shipping (ABS) to apply ammonia gas turbines to LNG carriers.
PSM completed an initial high-pressure ammonia combustion test campaign, and Baker Hughes conducted initial turbine feasibility studies in 2024. Additionally, Hanwha Power Systems signed a Memorandum of Understanding (MOU) at Gastech 2024 in Houston, U.S., with a large LNG carrier shipping company in Europe to convert its propulsion system to an ammonia gas turbine-based system.
Through this joint development agreement, Hanwha aims to expand technological cooperation and develop the world’s first completely carbon-free ship, providing innovative solutions for the transition away from fossil fuels.
Kim Hyeong-seok, Executive Director, head of Hanwha Power Systems' Marine Solutions Business Department, said, "The shift to lower carbon fuel for ships is necessary, and Hanwha Power Systems will continue developing technologies for the entire life cycle of eco-friendly ships."
"This development of a low-carbon ammonia gas turbine will be a significant step in the global shipbuilding and shipping industry, accelerating the transition to eco-friendly fuel propulsion for ships," said Son Young-chang, Vice President and Head of Hanwha Ocean's Product Strategy Technology Institute.
Baker Hughes operates in more than 120 countries, with a strong presence in small and medium-sized gas turbine technology. The synergy between these companies is expected to drive innovation in decarbonized shipping.
Hanwha Power Systems is a global leader in eco-friendly energy equipment, providing high-quality rotating equipment solutions. The company develops 100% oil-free compressors, sCO2, and hydrogen turbines, leading advancements in maritime decarbonization.
Hanwha Ocean is a leader in shipbuilding and offshore industries, known for its highly efficient LNG carriers and commitment to marine decarbonization solutions. Since 1973, Hanwha Ocean has produced a vast range of vessels, supporting the transition to sustainable global shipping.
SOURCE: Hanwha Power Systems
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🏗️ Carbon Capture Gets Real: How Occidental and 1PointFive Are Reshaping Clean Energy in the U.S. 🌊 St Ives Bay Carbon Capture Plans Scrapped 🚢 Major Nations Agree on First-ever ...
Inside This Issue 💰 Who's Buying the Carbon? Inside Q1 2025’s Biggest CDR Deals 📄 Occidental and 1PointFive Secure Class VI Permits for STRATOS Direct Air Capture Facility 🤝 1PointFive Signs 25-Ye...
Inside This Issue 🧭 Resilience and Rethink: Why Hydrogen and Carbon Capture Still Deserve a Seat at the Table 🚌 BAE Systems to Power New Hybrid-electric Bus Fleet in San Francisco 🛢️ CIMC-Hexagon ...
On April 3, 2025, the Louisiana Department of Energy and Natural Resources (LDENR), Office of Conservation, issued a Draft Permit prepared by the Injection and Mining Division for Hackberry Carbon ...
Major Nations Agree on First-ever Global Fee on Greenhouse Gases With Plan That Targets Shipping
Tugboats assist a container ship as it prepares to dock at the Manila International Container Terminal on April 8, 2025. (Aaron Favila / AP Photo) Many of the world’s largest shipping nations deci...
VANCOUVER, BC, April 11, 2025 /PRNewswire/ -- CO280, a leading developer of large-scale carbon dioxide removal (CDR) projects, today announced a historic offtake agreement with Microsoft from a pro...
CF Industries Forms JV With Jera, Mitsui for $4 Billion Low-Carbon Ammonia Plant
April 8 (Reuters) - CF Industries (CF.N), opens new tab said on Tuesday it has formed a joint venture with Japan's largest power generator, JERA, and trading house Mitsui & Co (8031.T), opens n...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.