The Republic of Korea, 14 September 2020 – Hyundai Heavy Industries Co., Ltd. has been granted Approval in Principle (AIP) from Bureau Veritas for Hi-FL2P (Hyundai innovative Floating LNG to Power solution).
A certificate of Approval in Principle has been provided to Jae-Eul Kim, Chief Technical Officer, Hyundai Heavy Industries Co., Ltd, by Christophe Capitant, Country Chief Executive, Bureau Veritas Korea, in a ceremony held at HHI in Ulsan, the Republic of Korea.
‘Hi-FL2P’ is an ‘All-in-One Type’ Floating LNG Power Plant where all equipment and systems that are required for the power generation and transmission including LNG containment, gas supply system, and power plant are installed in one unit to function as a stand-alone power plant.
The ‘Hi-FL2P’ was developed in a JDP (Joint Development Project) with Bureau Veritas. The project was formally completed with the award of the AIP certificate. HHI is now anticipating an increasing number of orders for All-in-One Type Floating LNG Power Plant and this AIP is an important step in marketability.
Jae-Eul Kim said, ‘HHI strategically selected the “All-in-One, Barge Shaped Power plant, with Dual Fuel Engines”, which provides significantly lower CAPEX than land-based infrastructure and also supports the global demand for environmentally friendly power generation, with the collaboration of Bureau Veritas and the Engine Machinery Division and Offshore Divisions in HHI.’
The HHI development team now plans to be active in meeting global market demand by using the results of AIP with Bureau Veritas and related technical data.
Christophe Capitant said, ‘Bureau Veritas is very proud to have been actively involved in the development of this innovative concept of an All-in-One Floating LNG Power Plant. The technical collaboration between Hyundai Heavy Industries Co., Ltd. and Bureau Veritas has been extremely fruitful and we are delighted it has led to such a positive outcome. The Approval in Principle granted to Hyundai Heavy Industries Co., Ltd. is the first milestone which hopefully paves the way for coming successes in the promising field of floating energy generation.’