HHI Group Develops Offshore CO₂ Injection Platform:
Hyundai Heavy Industries (HHI) and Korea Shipbuilding & Offshore Engineering (KSOE) successfully developed a Korean-type offshore carbon dioxide (CO₂) storage platform, obtaining an Approval in Principle (AIP) from Norwegian classification society DNV. After CO₂ is captured and liquefied under high pressure on land and then is transported to the sea via ships or pipelines, the platform injects the CO₂ beneath the ocean floor for geological carbon storage. This offshore CO₂ injection platform will store 400,000 tons of CO₂ per year under a gas field in the East Sea starting from 2025.
McCoy only follows CCUS projects at the point of capture