Hyundai Starts Export of LNG Fueled Engines
Hyundai Heavy Industries is exporting its eco-friendly gas engine Hyundai HiMSEN H35/40GV after completing test runs
The HiMSEN H35/40GV can be used to generate power for onshore power plants, commercial ships, and offshore facilities including drillships.
The new engine emits 20% less carbon dioxide than diesel engines, reduces NOx emissions by 97% to reach world’s lowest level of 50 ppm, and improves engine performance by 47%.
Mr. Kim Jeong-hwan, COO of Hyundai Heavy’s Engine & Machinery Division said, “Due to high oil prices and strengthening regulations on emissions, the demand for gas engines is increasing. We expect these high-output gas engines to help Hyundai Heavy expand our product lines, diversify target markets, and boost sales.”
With a 35% share of the diesel engine market, Hyundai Heavy plans to be in the Top 3 for gas engines with a 15% market share by 2013.