Image Source: NYKWe believe that there is a huge potential for standardised floating systems to produce green or blue Hydrogen and Ammonia. These floating systems would convert renewable power into an energy carrier, such as H2 or NH3, and so allow surplus power to be exported in tankers to energy consumer hubs.
The technology building blocks for such a system are well known but need to be standardised and integrated onto a floating hull. The design would allow them to be constructed in highly efficient Far East yards and then towed to site, which would help to drive down the system CAPEX.
These projects would have many parallels with large-scale FPSO and FLNG projects, and we believe that many skills are transferrable to these new products. By drawing on the lessons learned and experience from such mega-projects, we can improve the economics of F-H2 and F-NH3 projects.