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:
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
Development related to sister-project “Ammonia fuel bunkering network” project which received NOK 89 million from the Norwegian Green Platform program.
Mining firm received the ‘Wind Propulsion Innovation Award’ presented by the International Windship Association in Glasgow, Scotland, at a COP 26 side event.
Nordic Roadmap project is focused on establishing a Nordic Cooperation platform to facilitate knowledge sharing, pilot projects, studies to build experience in new marine fuels, amongst others.
System is designed to offer a space saving solution for smaller LNG-fuelled vessels that have limited room onboard; supports decarbonisation goals of maritime industry.
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