Larsen & Toubro And H2Carrier AS Sign Mou To Develop Green Hydrogen

Mumbai: Larsen & Toubro, an Indian multi-national engaged in EPC projects, Hi-Tech Manufacturing, and Services, announced today the signing of a Memorandum of Understanding (MoU) with the Norway-based H2Carrier (H2C) to co-operate towards developing floating green ammonia projects for industrial-scale applications with an aim to decarbonise the global economy.

H2C has proven expertise in developing and integrating Power-to-X (PtX) projects based on affordable, often stranded, non-commercial renewable power. Under the terms of the MoU, L&T will become a partner for EPCIC of the to upsides for H2C’sfloatingprocessplants.

H2C plans to build the P2XFloater™ hull at yards in Asia and L&T will design and fabricate the topside process and utility modules to produce Green Hydrogen & Green Ammonia, including Electrolysers, NitrogenGenerationplant,andAmmoniaSynthesisunit.Installationofthetopsidesmodules on the hull and its integration can be customised as per location preferences, i.e., can be carried out in India or in other geographies.

L&ThasbeenaleaderfordecadesintheIndianenergyindustry, manufacturing critical equipment and providing EPC services for the entire energy spectrum includingoil and gas, thermal,renewables and nuclear power. The Company, leveraging its expertise in the energy sector, has now positioned itself oemergeasagreenenergymajor.L&Thasoverfourdecadesofexperiencein building large-scale hydrogen, ammonia, methanol, and derivative plants. Also, the company has an expertise indeliveringcomprehensivemodularbusinesssolutionsleveragingitssubstantialexperience in undertaking large-scale modularisation works for various applications for onshoreand offshore projects aswell as power andoffshorewindfarms.

H2C is the designer and owner of the proprietary floating energy production and storage systemP2XFloater™,anindustrialscalefloatinggreenhydrogenandgreenammoniafacility.Theconceptis based on proven floating production, storage, and off-take technologies from the oil & gasindustry in combination with an e-control system capable of balancing renewable electricityfeedstockthroughafullyintegratedelectrolyserandHaber-Boschsystem.H2Cwillbuild,own/lease and operate a fleet of P2XFloaters™. The company has developed the P2XFloater™concept in close co-operation with leading maritime and process engineering companies inNorway, thus building on decades of experience and competence from the Oil & Gas sector, theMarine Industry, and the Offshore Wind Installation Industry. The P2XFloater™ has been awardedanAiP -Approval inPrinciple -byDNV.

 

Mr. Subramanian Sarma, Whole-Time Director & Sr. Executive Vice President (Energy), saidthat “To fast-track the progress towards the decarbonisation goals, out-of-the-box thinking andinnovative solutions, are the need of the hour. In this regard, our partnership with H2Carrier isvery timely and is expected to unleash synergies as we enjoy strong complementarities. We aredelighted to collaborate with H2C on their unique and novel P2XFloater™ design and we stronglybelievethatL&T,withitsgloballyrecognisedexpertiseinAmmonia&Hydrogenproductionas

 

well as vast experience in design & fabrication of complex process modules, is poised to be the theidealpartnerforH2Cinthis venture.”

 

Mr. Mårten Lunde, CEO of H2C stated as follows: “Our P2XFloater™ design represents a solution which addresses a number of concerns for renewable energy projects: costs, time, use of land and environmental footprint, lengthy planning and regulation processes etc. By teaming up with L&T,wehavetakenasignificantsteptowardscreatinganoptimalsupplychainfordeliveringP2XFloaters™ on a large scale to projects anywhere in the world. We are excited by the markets response to our P2XFloater™, and through the collaboration with L&T, we are confident of being able to establish a high and reliable production capacity to serveour global customers.”