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HHI inks agreement to localise main equipment for offshore plants

HHI inks agreement to localise main equipment for offshore plants
South Korea’s Hyundai Heavy Industries (HHI) has signed a memorandum of understanding to collaborate on the localisation of main equipment and materials for offshore plants with Doosan Heavy Industries & Construction (DHIC) and Center for Creative Economy & Innovation in Ulsan and Gyeongnam.

The collaboration will see HHI and DHIC develop six main items of equipment for offshore plants such as FPSO units and tension leg platforms, via sharing engineering and construction technology in onshore and offshore plant sectors.

HHI, the world’s largest shipbuilder, will apply DHIC’s flagship power technology of gas turbine generators and heat recovery steam generators to its offshore plants, jointly developing metallic materials for offshore floating structures.

“With most of the major equipment and materials imported from abroad, our localization initiative will drive our competitiveness forward in the offshore plant business. We are also enhancing our efforts to help local partner companies localize more items under the alliance with Center for Creative Economy & Innovation In Ulsan and Gyeongnam,” said Kim Sook-hyun, coo of HHI’s Offshore & Engineering Division.

In December last year, HHI also signed a memorandum of understanding with homegrown marine equipment research institute Komeri and 25 local marine equipment manufacturers to establish an industrial cluster for localising marine equipment production.