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Samsung Heavy Industries to develop floating nuclear power plants and nuclear powered ships

Enters into technology development agreement with Korea Atomic Energy Research Institute to focus on Molten Salt Reactor based technologies.

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Samsung Heavy Industries on Wednesday (9 June) said it has signed an offshore nuclear power plant technology development agreement with Korea Atomic Energy Research Institute (KAERI) to start research on Molten Salt Reactor (MSR) based floating nuclear power plants and nuclear powered ships.

Through this agreement, SHI plans to pioneer the MSR-based floating nuclear power plant and nuclear-powered ship market as part of strengthening its capacity for future new business expansion.

The agreement includes joint research plans for:

  • MSR element technology and related equipment development, such as heat exchangers;
  • offshore nuclear product design and business model development;
  • performance verification, and economic evaluation.

According to Samsung, nuclear fuel has a lifespan of more than 20 years (which is the same as the life cycle of a ship) so there is no need to replace it after being mounted.

In the event of abnormality, the nuclear fuel inside the MSR unit will be able to solidify thus providing high safety.

The signing ceremony was attended by key stakeholders including Samsung Heavy Industries President Jin-taek Jeong and Korea Atomic Energy Research Institute President Park Won-seok, and they agreed to conduct joint research by establishing a mutually strategic cooperative relationship.

“MSR is a carbon-free energy source that can efficiently respond to climate change issues and is a next-generation technology that meets the vision of Samsung Heavy Industries. We plan to focus on R&D to become a new future growth engine,” said Jintaek Jeong, president of Samsung Heavy Industries.

 

Photo credit: Free-Photos from Pixabay
Published: 11 June, 2021

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Methanol

CRI delivers world’s largest e-methanol reactor to Liaoyuan project in China

First phase of the project has a production capacity of 170,000 mt of renewable methanol annually, supporting demand for low-carbon fuels in shipping, chemicals, and other sectors.

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CRI delivers world’s largest e-methanol reactor to Liaoyuan project in China

Carbon Recycling International (CRI) has recently delivered the largest of its kind e-methanol reactor for the Liaoyuan E-Methanol Project in Jilin Province, China. 

CRI, a company that develops and deploys technology that converts carbon dioxide emissions into renewable methanol, said the delivery and successful installation of CRI’s proprietary methanol converter reactor is a major construction milestone. 

“The project continues to progress according to plan toward commissioning and start-up later this year,” it said. 

The Liaoyuan project is being developed by CRI’s client Tianying Group (CNTY) and once commissioned will become the largest e-methanol facility in operation globally. 

The first phase has a production capacity of approximately 170,000 metric tonnes (mt) of renewable methanol annually from green hydrogen and captured biogenic carbon dioxide, supporting the growing demand for low-carbon fuels in shipping, chemicals, and other sectors seeking practical and scalable pathways to decarbonisation.

The methanol converter reactor forms the core of CRI’s proprietary Emissions-to-Liquids (ETL) technology. Designed and supplied by CRI, the reactor is where renewable hydrogen and captured carbon dioxide are converted into renewable methanol through the company’s proven industrial-scale process. It has been specifically designed and constructed with operational flexibility as a key feature and represents the third generation of CRI’s e-methanol reactor design.

The successful installation represented a significant construction milestone and marked the transition to the final stages of project execution.

“The installation of the methanol converter reactor is an important milestone for both Tianying and CRI,” said John Milner, Project Manager at Carbon Recycling International. 

“The reactor is the core of our ETL technology and embodies nearly two decades of innovation, engineering development, and commercial operating experience. Seeing this equipment installed at one of the world’s most ambitious renewable energy projects is a proud moment for our team and a major milestone as the Liaoyuan facility advances toward commissioning and start-up.”

CRI’s technology is already deployed at commercial scale at the company’s reference plants in Anyang and Lianyungang, and the Liaoyuan project represents the next step in the continued deployment of carbon recycling technology to support the production of renewable fuels and chemicals.

 

Photo credit: Carbon Recycling International
Published: 7 July, 2026

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Association

German bunker supplier Heinrich Wegener & Sohn joins Global Ethanol Association

Both will advance the development of ethanol and methanol bunkering by fostering collaboration across the maritime value chain.

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German bunker supplier Heinrich Wegener & Sohn joins Global Ethanol Association

Heinrich Wegener & Sohn, a family-run German company that supplies marine fuels and lubricants to the shipping industry, recently joined Global Ethanol Association as its newest member. 

With a long-standing reputation in maritime logistics and bunkering, the association said Heinrich Wegener & Sohn brings valuable expertise and industry leadership at a time when demand for low-carbon marine fuels is accelerating.

“Together, we look forward to advancing the development of ethanol and methanol bunkering by fostering collaboration across the maritime value chain, supporting infrastructure development, and helping enable the transition to cleaner, more sustainable shipping,” it said. 

The company, founded in 1929, focuses on the supply of marine diesel, gas oil, methanol, and certified biofuels in accordance with the RED II directive.

As a German reseller for Gulf Oil Marine, the company supplies marine lubricants to over 380 ships worldwide on a contract basis.

 

Photo credit: Heinrich Wegener & Sohn
Published: 7 July, 2026

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Ammonia

Grimaldi Group unveils ammonia-ready PCTC in Türkiye

Named after Türkiye’s largest city and economic capital, the “Grande Istanbul” is one of the 17 latest-generation, ammonia-ready PCTCs commissioned by the Grimaldi Group.

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Grimaldi Group unveils ammonia-ready PCTC in Türkiye

Grimaldi Group recently presented the Grande Istanbul, one of its latest-generation, ammonia-ready Pure Car & Truck Carriers (PCTCs), during a ceremony held at Autoport in Kocaeli, Türkiye.

Named after Türkiye’s largest city and economic capital, the Grande Istanbul is one of the 17 latest-generation, ammonia-ready PCTCs commissioned by the Grimaldi Group.

The vessel offers a capacity of up to 9,241 CEUs while reducing CO₂ emissions per unit of cargo by up to 50% compared with previous-generation car carriers.

“The ceremony reaffirmed the Group’s long-term commitment to Türkiye, where it has been operating for almost five decades,” the company said in a social media post.

“Today, around 20 state-of-the-art ro-ro vessels and PCTCs connect Turkish ports with a global network of more than 150 ports in over 60 countries, supporting the country’s automotive industry and international trade.”

The Grande Istanbul is currently deployed on the Grimaldi Group’s EuroMed Service, linking several ports in Northern Europe and the Mediterranean, including Autoport, Borusan, Derince, Gemlik, Haydarpaşa and İzmir in Türkiye. 

 

Photo credit: Grimaldi Group
Published: 7 July, 2026

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