Lloyd’s Register (LR) has signed a memorandum of understanding 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 synthesised to produce green ammonia, ready for offloading to ammonia carriers. It is planned to be linked with offshore windfarms in Europe.
Sean van der Post, Lloyd’s Register’s offshore business director says: ‘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.’
