South Korea's Ambitious Plan: Building the World's Largest Liquefied Hydrogen Carrier by 2027
Key Ideas
  • South Korea plans to construct the world's biggest liquefied hydrogen carrier by 2027 to boost the local shipbuilding industry.
  • The government will invest $39.5 million in 2025 towards this project, aiming to lead the high-value and high-tech LHC market.
  • Efforts will focus on developing the necessary core technologies, materials, and parts for LHCs to seize new market opportunities.
  • The government aims to support the early development of large-scale LHC technologies and adjust laws and regulations accordingly.
South Korea is gearing up to construct the world's largest liquefied hydrogen carrier (LHC) by 2027 as a strategic move to propel the local shipbuilding industry forward. This ambitious project, set for demonstration purposes, will receive a substantial investment of $39.5 million in 2025 alone from the Ministry of Trade, Industry, and Energy. The LHC is considered a cutting-edge vessel yet to be commercially utilized globally. In a bid to position South Korea at the forefront of the LHC market, the government has outlined a comprehensive strategy to support the industry's technological advancements and ensure the availability of essential materials and components. Recognizing the inherent risks in developing LHCs due to their intricate nature, a ministry official emphasized the vital role of government intervention in navigating these challenges and harnessing new market potentials. The agenda includes bolstering the local shipbuilding sector's capabilities, fostering innovation, and tailoring regulations to foster the growth of large-scale LHC technologies. This initiative not only underscores South Korea's commitment to fostering innovation but also highlights its strategic vision towards sustainable and advanced transportation solutions.
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