Hanwha Ocean Ecotech is a subsidiary of Hanwha Ocean, specializing in large ship and marine structures and eco-friendly energy core equipment. The company focuses on supplying blocks for container ships and gas carriers, marine plant modules, and eco-friendly ship components such as re-liquefaction units and fuel injection systems. It serves as a pivotal affiliate for Hanwha Ocean's growth as a global marine and energy company.HanwhaOceanEcotechisasubsidiaryofHanwhaOcean,specializinginlargeshipandmarinestructuresandeco-friendlyenergycoreequipment.Thecompanyfocusesonsupplyingblocksforcontainershipsandgascarriers,marineplantmodules,andeco-friendlyshipcomponentssuchasre-liquefactionunitsandfuelinjectionsystems.ItservesasapivotalaffiliateforHanwhaOcean'sgrowthasaglobalmarineandenergycompany.
Key Products/TechnologiesKeyProducts/Technologies
Shipbuilding Products: Production capabilities for fore and aft blocks used in container ships, gas carriers, and other merchant vessels. Provision of various ship components including hatch covers, lashing bridges, trans bulkheads, side shell blocks, trunk decks & units, cargo machinery rooms, LPGC cargo tanks, and vent masts.ShipbuildingProducts:Productioncapabilitiesforforeandaftblocksusedincontainerships,gascarriers,andothermerchantvessels.Provisionofvariousshipcomponentsincludinghatchcovers,lashingbridges,transbulkheads,sideshellblocks,trunkdecks&units,cargomachineryrooms,LPGCcargotanks,andventmasts.
Marine Products: Supply of high-quality products essential for Offshore Business, such as legs for Jack-up Rigs, pipe racks, fixed platform decks, and heavy lift cranes. Possession of technology for producing parts or entire modules, which are highly complex and technologically intensive units installed in onshore/offshore plants.MarineProducts:Supplyofhigh-qualityproductsessentialforOffshoreBusiness,suchaslegsforJack-upRigs,piperacks,fixedplatformdecks,andheavyliftcranes.Possessionoftechnologyforproducingpartsorentiremodules,whicharehighlycomplexandtechnologicallyintensiveunitsinstalledinonshore/offshoreplants.
New Business Products: Specialized production of core eco-friendly energy equipment, including re-liquefaction units (PRS/FRS), cryogenic heat exchangers (CHES), fuel gas supply systems (FGSS), and high-pressure compressors (Hi-Compressor). Capability in system integration and engineering for ammonia fuel supply systems (Ammonia LFSS) and vent treatment systems, through collaboration with Alfa Laval.NewBusinessProducts:Specializedproductionofcoreeco-friendlyenergyequipment,includingre-liquefactionunits(PRS/FRS),cryogenicheatexchangers(CHES),fuelgassupplysystems(FGSS),andhigh-pressurecompressors(Hi-Compressor).Capabilityinsystemintegrationandengineeringforammoniafuelsupplysystems(AmmoniaLFSS)andventtreatmentsystems,throughcollaborationwithAlfaLaval.
Special Vessel Products: Holding a product line for special vessels, indicating potential for business expansion linked to the parent company Hanwha Ocean's special vessel construction capabilities.SpecialVesselProducts:Holdingaproductlineforspecialvessels,indicatingpotentialforbusinessexpansionlinkedtotheparentcompanyHanwhaOcean'sspecialvesselconstructioncapabilities.
Core AdvantagesCoreAdvantages
Synergy as a Hanwha Ocean Subsidiary: Re-established as a subsidiary of Hanwha Ocean in May 2023, becoming a key player in the parent company's strategy to grow into a global marine and energy enterprise.SynergyasaHanwhaOceanSubsidiary:Re-establishedasasubsidiaryofHanwhaOceaninMay2023,becomingakeyplayerintheparentcompany'sstrategytogrowintoaglobalmarineandenergyenterprise.
Leadership in Eco-friendly Ship Technology: Strengthening its position in high-value-added markets through unique technology and quality in eco-friendly ships. Contributing to the completion of a carbon-free ship value chain, in line with the International Maritime Organization's (IMO) marine decarbonization goals.LeadershipinEco-friendlyShipTechnology:Strengtheningitspositioninhigh-value-addedmarketsthroughuniquetechnologyandqualityineco-friendlyships.Contributingtothecompletionofacarbon-freeshipvaluechain,inlinewiththeInternationalMaritimeOrganization's(IMO)marinedecarbonizationgoals.
Specialized Production Infrastructure and Efficient Supply Chain: Securing specialized production facilities focused on container ships and gas carriers, along with a stable workforce. Establishing a one-stop production system from raw material procurement to product supply, serving as a critical supply chain player in the shipbuilding equipment sector.SpecializedProductionInfrastructureandEfficientSupplyChain:Securingspecializedproductionfacilitiesfocusedoncontainershipsandgascarriers,alongwithastableworkforce.Establishingaone-stopproductionsystemfromrawmaterialprocurementtoproductsupply,servingasacriticalsupplychainplayerintheshipbuildingequipmentsector.
Large-scale Investment and Production Base Expansion: Investment of 300 billion KRW in approximately 194,000㎡ of land in Yulchon Industrial Complex, Gwangyang, Jeollanam-do, for the construction of an eco-friendly ship specialization plant. Enhancing production capabilities for key components such as the top deck blocks (Trunk Deck) and cargo tanks for Liquefied Natural Gas Carriers (LNGC).Large-scaleInvestmentandProductionBaseExpansion:Investmentof300billionKRWinapproximately194,000㎡oflandinYulchonIndustrialComplex,Gwangyang,Jeollanam-do,fortheconstructionofaneco-friendlyshipspecializationplant.Enhancingproductioncapabilitiesforkeycomponentssuchasthetopdeckblocks(TrunkDeck)andcargotanksforLiquefiedNaturalGasCarriers(LNGC).
Challenge in High-Value-Added New Businesses: Pioneering high-value-added eco-friendly energy core equipment markets, such as re-liquefaction units and cryogenic heat exchangers, through continuous technological development and innovation.ChallengeinHigh-Value-AddedNewBusinesses:Pioneeringhigh-value-addedeco-friendlyenergycoreequipmentmarkets,suchasre-liquefactionunitsandcryogenicheatexchangers,throughcontinuoustechnologicaldevelopmentandinnovation.
Target IndustrieTargetIndustrie
Shipbuilding Industry (construction and component supply for container ships, gas carriers, merchant ships, and special vessels)ShipbuildingIndustry(constructionandcomponentsupplyforcontainerships,gascarriers,merchantships,andspecialvessels)
Offshore Plant Industry (manufacturing of marine structures and modules like Jack-up Rigs and Fixed Platforms)OffshorePlantIndustry(manufacturingofmarinestructuresandmoduleslikeJack-upRigsandFixedPlatforms)
Eco-friendly Energy Industry (supply of eco-friendly fuel ship equipment and systems for LNG, ammonia, etc.)Eco-friendlyEnergyIndustry(supplyofeco-friendlyfuelshipequipmentandsystemsforLNG,ammonia,etc.)
Major MarketsMajorMarkets
South KoreaSouthKorea
Certifications/PatentsCertifications/Patents
Efforts to secure unique technology and quality in eco-friendly ships.Effortstosecureuniquetechnologyandqualityineco-friendlyships.
Possession of technological capabilities for producing highly complex and technologically intensive onshore/offshore modules.Possessionoftechnologicalcapabilitiesforproducinghighlycomplexandtechnologicallyintensiveonshore/offshoremodules.
Development and production technology for core eco-friendly energy equipment such as re-liquefaction units, cryogenic heat exchangers, fuel gas supply systems, and high-pressure compressors.Developmentandproductiontechnologyforcoreeco-friendlyenergyequipmentsuchasre-liquefactionunits,cryogenicheatexchangers,fuelgassupplysystems,andhigh-pressurecompressors.
System integration and engineering expertise for ammonia fuel supply systems through collaboration with Alfa Laval.SystemintegrationandengineeringexpertiseforammoniafuelsupplysystemsthroughcollaborationwithAlfaLaval.
Sharing of group-wide technology standards and capabilities, such as the parent company Hanwha Ocean's Approval in Principle (AIP) certification from the American Bureau of Shipping (ABS) for FPSO remote control technology.Sharingofgroup-widetechnologystandardsandcapabilities,suchastheparentcompanyHanwhaOcean'sApprovalinPrinciple(AIP)certificationfromtheAmericanBureauofShipping(ABS)forFPSOremotecontroltechnology.