Lloyd’s Register and HD Hyundai MIPO sign strategic agreement
London, May 22, 2025 , (Oilandgaspress) –––Lloyd’s Register (LR) and HD Hyundai MIPO Dockyard (HMD) have signed a Memorandum of Understanding (MoU) to collaborate on advancing digital manufacturing for Type C tanks.
The MoU sets out a joint commitment to develop and verify a streamlined, digitally enabled production process for Type C tanks, which are expected to see increased demand due to their ability to store pressurised and cryogenic cargo/fuel of LNG or liquefied carbon dioxide (LCO2).
It aims to establish a transparent quality assurance scheme through the production of Type C tanks for storing LNG or LCO2. HMD will integrate monitoring and digital manufacturing technologies, including digital twin technology and smart quality assurance systems, into its production lines. LR will provide technical support and independently verify the uptake and application of these technologies.
The project will run from May 2025 to July 2026, with LR working alongside HMD’s engineering and production teams to validate the application of new digital workflows within a future-ready smart factory environment. The aim is to reduce production time and variability, while increasing confidence in the consistency and safety of tank construction.
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