HD Hyundai to develop offshore platform for Korean CCS project

HD Hyundai Heavy Industries has signed a preliminary basic design contract with Hyundai Engineering & Construction for a carbon dioxide (CO2) subsea underground storage platform to be deployed in South Korea, it said on October 16.

This is part of the Donghae gas field utilisation CCS project that Korea National Oil Corporation and Hyundai Engineering & Construction are pursuing. About 1.2 million tonnes/year of CO2 emitted from domestic industrial complexes will be captured and stored in the gas field.

HD Hyundai Heavy Industries will be responsible for the design of the offshore platform, and HD Korea Shipbuilding & Marine Engineering will develop the CO2 injection system.

The Donghae gas field is Korea's first gas field for which HD Hyundai Heavy Industries manufactured a production platform in 2004. The field, which ceased operation in 2021, will be used as Korea's largest CO2 storage site through this project.

In 2021, HD Korea Shipbuilding & Marine Engineering and HD Hyundai Heavy Industries jointly developed a marine CO2 injection platform with Korea National Oil Corporation and obtained basic design certification (AIP) from Norwegian DNV and the American Bureau of Shipping (ABS).

In addition, HD Korea Shipbuilding & Marine Engineering and HD Hyundai Heavy Industries have also acquired AIP from ABS for the 2 million tonnes/year class floating CO2 subsea underground storage offshore platform model.