Indian company Larsen & Toubro (L&T) has signed a memorandum of understanding (MoU) with Norwegian firm H2Carrier (H2C) to develop floating green hydrogen and ammonia projects for industrial-scale applications.

H2C plans to build the P2XFloater hull at yards in Asia. It claimed that the P2XFloater is the world’s first floating production unit for producing green ammonia at an industrial scale.

H2C developed the P2XFloater concept by coordinating with maritime and process engineering companies in Norway.

Its concept is based on extending the life of an existing very large gas carrier (VLGC) and building upon its design by extending its hull to maximise production capacity.

H2C CEO Mårten Lunde 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.

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“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.”

Under the MoU, L&T will design and fabricate the topside process and utility modules to produce green hydrogen and green ammonia.

H2C added that the installation and integration of the topside modules on the hull can be tailored according to location preferences.

L&T said that it will become a partner for EPCIC (engineering, procurement, construction, installation and commissioning) of the topsides for H2C’s floating process plants.

L&T Energy senior executive vice-president and whole-time director Subramanian Sarma said: “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 and hydrogen production, as well as vast experience in design and fabrication of complex process modules, is poised to be the ideal partner for H2C in this venture.”