Lloyd’s Register (LR) and Samsung Heavy Industries (SHI) have signed a Memorandum of Understanding (MoU) to jointly develop a floating production, storage, and offloading (FPSO) system for green ammonia production. The agreement was formalised during Offshore Korea 2024.

While FPSO technology is a mainstay in the oil and gas sector, its adaptation for ammonia production represents a novel application. The planned FPSO unit will harness renewable energy to power the electrolysis of seawater, producing green hydrogen. This hydrogen will be combined with nitrogen and synthesized into green ammonia, which will then be offloaded to ammonia carriers. The project envisions integration with offshore wind farms in Europe to ensure a sustainable energy source.

Under the collaboration, SHI will lead the design of the FPSO, while LR will review SHI’s deliverables and provide technical guidance for further development.