In their second news release of the day, South Korean shipbuilder and engine manufacturer, Hyundai Heavy Industries, announced it has started exporting the eco-friendly gas engine Hyundai HiMSEN H35/40GV after completing test runs on June 18.
The new gas engine runs on liquefied natural gas rather than heavy crude oil and has a maximum power output of 13,000 bhp. 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%.
The Ulsan, South Korea-based company will export the engine to an onshore gas-powered power plant in the Middle East after final paint and packing work.
Mr. Kim Jeong-hwan, COO of Hyundai Heavy’s Engine & Machinery Division comments:
“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 looks to be in the Top 3 for gas engines with a 15% market share by 2013.