A group of leading South Korean infrastructure organizations have signed a memorandum of understanding to develop engineering and construction technology and equipment for use in offshore plants.
The MoU was signed by infrastructure giants Hyundai Heavy Industries, or HHI, and Doosan Heavy Industries & Construction, or DHIC, as well as research organization the Center for Creative Economy & Innovation in Ulsan and Gyeongnam.
The firms will share experience in the field of onshore and offshore plants and focus specifically on “metallic materials for offshore floating structures.”
Joint research is expected to develop six main pieces of equipment including floating, production, storage and offloading, or FPSO, units and tension leg platforms, or TLP.
HHI also expects to utilize DHIC’s existing gas turbine and heat recovery steam generator technology as well as the firm’s know-how in low-temperature cast and forged materials for offshore plants.