Indian multinational Larsen & Toubro (L&T) and Norway-based H2Carrier (H2C) have signed a Memorandum of Understanding (MoU) to develop floating green ammonia projects for industrial-scale applications with an aim to decarbonise the global economy. H2C has expertise in developing and integrating Power-to-X (PtX) projects using non-commercial, renewable power. Under the MoU, L&T will be a partner for the Engineering, Procurement, Construction, Installation, and Commissioning (EPCIC) of the topsides for H2C’s floating process plants. H2C will build the P2XFloater™ hull in Asia, while L&T will design and manufacture the topside process and utility modules to produce Green Hydrogen & Green Ammonia, including Electrolysers, Nitrogen Generation plants, and Ammonia Synthesis units. The installation and integration of the topsides modules can be customized based on location preferences and can be carried out in India or other countries.
L&T has been a leader in the Indian energy industry for decades, manufacturing critical equipment and providing EPC services for the entire energy spectrum including oil and gas, thermal, renewables, and nuclear power. With its expertise in the energy sector, L&T is now positioning itself as a green energy major. L&T has over four decades of experience in building large-scale hydrogen, ammonia, methanol, and derivative plants. They also have expertise in delivering comprehensive modular business solutions using its substantial experience in undertaking large-scale modularization works for various applications for onshore and offshore projects as well as power and offshore wind farms.
H2C is the designer and owner of the proprietary floating energy production and storage system P2XFloater™, an industrial-scale floating green hydrogen and green ammonia facility. The concept is based on proven floating production, storage, and off-take technologies from the oil & gas industry in combination with an e-control system that can balance renewable electricity feedstock through a fully integrated electrolyser and Haber-Bosch system. H2C will build, own/lease and operate a fleet of P2XFloaters™. The company has developed the P2XFloater™ concept in close cooperation with leading maritime and process engineering companies in Norway, building on decades of experience and competence from the Oil & Gas sector, the Marine Industry, and the Offshore Wind Installation Industry. The P2XFloater™ has been awarded an AiP – Approval in Principle – by DNV.
Mr. Subramanian Sarma, Whole-Time Director & Sr. Executive Vice President (Energy), said that “To fast-track the progress towards the decarbonisation goals, out-of-the-box thinking and innovative solutions are the need of the hour. Our partnership with H2Carrier is very timely and is expected to unleash synergies as we enjoy strong complementarities. We are delighted to collaborate with H2C on their unique and novel P2XFloater™ design and we strongly believe that L&T, with its globally recognized expertise in Ammonia & Hydrogen production as well as vast experience in design & fabrication of complex process modules, is poised to be the ideal partner for H2C in this venture.”
(Image: An AI-generated imagination of a floating ammonia plant: Used Mid journey with keywords: floating giant ammonia processing plant on deep ocean surface)