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South Korea's HD Hyundai Marine plans to accelerate the production of marine ammonia-fueled engines

2024-08-12

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According to the Economic and Commercial Office of the Chinese Embassy in South Korea, South Korea's INEW24 reported on August 8 that HD Hyundai Marine plans to accelerate the development of ammonia fuel-powered engines and launch them as early as September. According to a person in the shipping industry on the 7th, as carbon emission restrictions continue to increase worldwide, reducing carbon emissions from ships has become an important issue, so the decarbonization energy transformation plan for ships using ammonia fuel-powered engines has attracted much attention.

Compared with other fuels, ammonia does not produce carbon when burned, which can effectively reduce greenhouse gas emissions. In addition, with the completion of the acquisition of STX Heavy Industries by HD Hyundai Group, South Korea's largest shipbuilding group, on July 31, the "world's first" and "world's third" in the field of marine diesel engine manufacturing officially merged. With this strategic acquisition, HD Hyundai Marine will further consolidate its leading position in the world's largest ship engine while achieving the "localization" of dual-fuel engines in South Korea by sharing environmentally friendly engine technology, providing the core driving force for Korean shipbuilding companies to lead the global shipbuilding industry's decarbonization energy transformation. HD Hyundai Marine related personnel said that environmentally friendly engine technology is the core driving force for leading the decarbonization energy transformation of the shipbuilding industry. HD Hyundai Marine will further strengthen its leading position in the global marine engine market based on its strong technology.

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