Larsen & Toubro (L&T) has inked a memorandum of understanding (MoU) with Norway-based H2Carrier (H2C) to work together on developing floating green ammonia and hydrogen projects for industrial-scale applications with an objective of decarbonizing the global economy.

H2Carrier has expertise in developing and integrating Power-to-X (PtX) projects based on often stranded, non-commercial renewable power.

As per the MoU, Larsen & Toubro will act as a partner for engineering, procurement, construction, installation & commissioning (EPCIC) of the topsides for H2Carrier’s floating process plants.

Subramanian Sarma — Larsen & Toubro Whole-Time Director and Sr. Executive Vice President (Energy) said: “To fast-track the progress towards the decarbonisation goals, out-of-the-box thinking and innovative solutions, are the need of the hour. In this regard, 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 recognised 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.”

H2Carrier intends to construct the P2XFloater hull at yards located in Asia. Its partner Larsen & Toubro will be designing and fabricating the topside process as well as utility modules for producing green hydrogen and Green Ammonia.

According to Larsen & Toubro, installation of the topsides modules on the hull and its integration can be tailored to suit location preferences.

P2XFloater is H2Carrier’s proprietary floating energy production and storage system.

Mårten Lunde — H2Carrier CEO said: “Our P2XFloater design represents a solution which addresses a number of concerns for renewable energy projects: costs, time, use of land and environmental footprint, lengthy planning and regulation processes etc.

“By teaming up with L&T, we have taken a significant step towards creating an optimal supply chain for delivering P2XFloaters on a large scale to projects anywhere in the world. We are excited by the markets’ response to our P2XFloater, and through the collaboration with L&T, we are confident of being able to establish a high and reliable production capacity to serve our global customers.”

  green ammonia, green hydrogen, H2Carrier, India, Larsen & Toubro, Mårten Lunde, Norway, Subramanian Sarma