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Carbon Neutrality in Shipbuilding, Shipping Industries- Innovation and Policy

Carbon neutrality has become the development goal of many industries, including the shipbuilding and shipping industries. Samsung Heavy Industries said in early July that it has succeeded in developing an LNG carrier powered by Solid Oxide Fuel Cell (SOFC) in cooperation with Bloom Energy, a US company. SOFC is an environmentally friendly technology that can displace marine propulsion engines and another fossil fuel-operated equipment. Hyundai Heavy Industries also recently signed a partnership with Hyundai Motor Group that aims to develop hydrogen fuel cell propulsion systems for ships.

In response to changing trends, the Korean government is also rapidly formulating policies to encourage local shipbuilding companies to develop environmentally-friendly ships. The government will invest 254 billion won between 2022 and 2031 to develop environmentally-friendly ships that use hydrogen and ammonia. The goal is to develop technologies that can reduce greenhouse gas emissions by more than 70% from 2008 levels.

Reference: Link 1

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