Larsen & Toubro, 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, via an exchange filing.
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 topsides for H2C’s floating process plants.
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, Nitrogen Generation plant, and Ammonia Synthesis unit.
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Installation of the topsides modules 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&T has been a leader for decades in the Indian energy industry, manufacturing critical equipment and providing EPC services for the entire energy spectrum including oil and gas, thermal, renewables and nuclear power.
The company, leveraging its expertise in the energy sector, has now positioned itself to emerge as a green energy major. L&T has over four decades of experience in building large-scale hydrogen, ammonia, methanol, and derivative plants.
Also, the company has an expertise in delivering comprehensive modular business solutions leveraging its substantial experience in undertaking large-scale modularisation works for various applications for onshore and offshore projects as well as power and offshore wind farms.
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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 capable of balancing 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 co-operation with leading maritime and process engineering companies in Norway, thus 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.