$7.4 bln green hydrogen center planned in Quang Tri

By Huong Dung
Tue, September 13, 2022 | 11:45 am GMT+7

Quang Tri authorities are considering the establishment of a massive VND175,600 billion ($7.46 billion) green hydrogen center that will turn the central province into a renewable energy hub.

Tanks of hydrogen. Photo courtesy of mercomindia.com.

Tanks of hydrogen. Photo courtesy of mercomindia.com.

The center will be built in the Southeast Quang Tri Economic Zone.

Ha Sy Dong, standing Vice Chairman of the province, had a working session Monday with representatives from the Power Engineering Consulting Joint Stock Company 2 (PECC2) and its partners on building the Hai Lang Green Hydrogen Center.

Representatives of the potential investors proposed that Quang Tri considers allowing them to survey and research investment locations for the center, which will include solar and wind power plants and a hydrogen and ammonia (H2/NH3) production plant on an area of about 40 hectares in the economic zone.

They also expressed their hope that a convenient project location will be introduced to them, especially agricultural and aquaculture areas that can be combined with solar power development. They also hoped to benefit from preferential policies for green and clean energy projects.

The provincial leaders will report on the project proposal to the Ministry of Industry and Trade, the Ministry of Planning and Investment, and relevant ministries and sectors for appraisal before it is submitted to the Prime Minister for approval.

The Hai Lang Green Hydro Center Project is planned to be divided into three phases. They will have production capacities of 700 MWp of solar power, 300 MW of wind power and 193,000 tons of NH3; 1,800 MWp of solar power, 700 MW of wind power and 465,000 tons of NH3; and 1,800 MWp of solar power, 700 MW of wind power and 82,000 tons of liquid hydrogen in the first, second and third phases, respectively.

Total investment for all three phases is estimated at VND175,600 billion ($7.46 billion), of which Phase 1 will cost more than VND31,300 billion ($1.33 billion).

Dong said at the meeting that the investors' proposal to build the center was in line with the policy of turning Quang Tri into an energy hub for the central region as well as the province’s investment conditions for the energy sector.

He asked investors to continue to research, survey and produce specific reports so that the province can consider allowing the investment.

Quang Tri will have preferential mechanisms and policies and create all favorable conditions for investors to study and implementation the project, Dong added.

Produced by using renewably generated electricity that splits water molecules into hydrogen and oxygen, green hydrogen holds significant promise to help meet global energy demand while contributing to climate action goals, according to the World Bank.

In another case, Ho Chi Minh City-based private company TGS Green Hydrogen plans to build a $840 million green hydrogen plant in the Mekong Delta province of Ben Tre, which could be the country’s first hydrogen project.

According to the government's portal in May, the project would commence construction in June. However, it is still wrestling with legal procedures, local press quoted the investor as saying in mid August.

The modern facility is designed to annually produce 24,000 tons of green hydrogen, 150,000 tons of ammonia, and 195,000 tons of oxygen in the initial state. The energy developer expects to put the plant into trial operation in the first quarter of 2024, the government's portal said.

Hung Hai Group, a major Vietnamese business involving infrastructure development and renewable energy, wants to build a battery plant and hydrogen generation factory in Chau Duc district, Ba Ria-Vung Tau province.

Comments (0)
  • Read More
Red Capital exits major shareholder position in EVN's subsidiary VSH

Red Capital exits major shareholder position in EVN's subsidiary VSH

Red Capital Asset Management JSC has ceased to be a major shareholder of Vinh Son-Song Hinh Hydropower JSC (HoSE: VSH), a subsidiary of state-owned Vietnam Electricity (EVN), after sharply reducing its stake.

Companies - Thu, November 27, 2025 | 7:55 am GMT+7

VAFIE, Hung Yen province authority accompany taxpayers

VAFIE, Hung Yen province authority accompany taxpayers

The Vietnam's Association of Foreign Invested Enterprises (VAFIE) and Hung Yen province's tax authority on Tuesday held a workshop on corporate tax policy updates and key notes on 2025 corporate income tax filings.

Companies - Wed, November 26, 2025 | 8:15 pm GMT+7

Thailand’s Super Energy earns $81 mln in Jan-Sep revenue from Vietnam

Thailand’s Super Energy earns $81 mln in Jan-Sep revenue from Vietnam

Super Energy Corporation, a Thai renewable-energy developer, recorded about THB2.62 billion ($81.28 million) in revenue from its Vietnam operations in the first nine months of 2025, according to its Q3 earnings report.

Companies - Wed, November 26, 2025 | 4:51 pm GMT+7

Turning point of Vietnam's fund management industry: exec

Turning point of Vietnam's fund management industry: exec

Vietnam’s asset management industry is entering a pivotal phase as the country seeks to diversify capital flows and strengthen long-term funding, said Lu Hui Hung, CEO of Phu Hung Fund Management, citing the Ministry of Finance's recently issued Decision 3168.

Finance - Wed, November 26, 2025 | 4:42 pm GMT+7

Gelex Infrastructure okayed to launch IPO of 100 mln shares

Gelex Infrastructure okayed to launch IPO of 100 mln shares

Gelex Infrastructure JSC has received approval from the State Securities Commission of Vietnam to proceed with an initial public offering of 100 million shares, the company said.

Companies - Wed, November 26, 2025 | 3:52 pm GMT+7

Seven young PV Gas employees selected for Petrovietnam’s 'Outstanding Youth 2025' program

Seven young PV Gas employees selected for Petrovietnam’s 'Outstanding Youth 2025' program

Seven young employees of PetroVietnam Gas (PV Gas) have been selected for Petrovietnam’s “Outstanding Youth 2025” program, an initiative aimed at identifying and developing high-potential talent across the state energy group.

Companies - Wed, November 26, 2025 | 3:01 pm GMT+7

Deep C Industrial Zones in northern Vietnam draws three new projects worth over $242 mln

Deep C Industrial Zones in northern Vietnam draws three new projects worth over $242 mln

Deep C Industrial Zones in Quang Ninh province has secured three new investment projects with combined registered capital of about VND6.38 trillion ($242 million), reinforcing its position as an attractive destination for manufacturing and logistics.

Industries - Wed, November 26, 2025 | 1:58 pm GMT+7

Billionaire Pham Nhat Vuong's son takes helm at VinMetal as Vingroup pledges support for loss-making steel producer Pomina

Billionaire Pham Nhat Vuong's son takes helm at VinMetal as Vingroup pledges support for loss-making steel producer Pomina

Vingroup, Vietnam's biggest listed company by market cap, said its steel subsidiary VinMetal will provide Pomina Steel with a zero-interest working capital loan for up to two years, helping the troubled steelmaker stabilize operations and restore cash flow.

Companies - Wed, November 26, 2025 | 12:38 pm GMT+7

HAGL chairman says he sold 'everything possible' to save the company

HAGL chairman says he sold 'everything possible' to save the company

Hoang Anh Gia Lai (HAGL) has successfully restructured with its debt reduced from VND36 trillion ($1.37 billion) to over VND6 trillion ($227.5 million), now focusing on developing raw material areas to gain scale advantages.

Companies - Wed, November 26, 2025 | 8:18 am GMT+7

Vingroup subsidiary VinMetal may acquire loss-making steel producer Pomina: broker

Vingroup subsidiary VinMetal may acquire loss-making steel producer Pomina: broker

Ho Chi Minh City Securities (HSC) analysts said a potential acquisition of steel manufacturer Pomina could be a strategic move that allows VinMetal to gain a faster foothold in the steel industry by using Pomina’s existing construction steel capacity.

Companies - Tue, November 25, 2025 | 8:05 pm GMT+7

Vingroup plans $38 mln bond issuance to restructure debt

Vingroup plans $38 mln bond issuance to restructure debt

Vingroup (HoSE: VIC), Vietnam’s largest listed company by market cap, plans to issue VND1 trillion ($37.91 million) in bonds via private placement as it seeks to restructure debt.

Companies - Tue, November 25, 2025 | 3:52 pm GMT+7

Vietnam gov't proposes minimum $379 mln charter capital for offshore wind developers

Vietnam gov't proposes minimum $379 mln charter capital for offshore wind developers

The Vietnamese government has proposed that offshore wind power developers have a minimum charter capital of VND10 trillion ($379 million) each, according to a draft resolution designed to ease bottlenecks in the country’s 2026-2030 energy development plan.

Energy - Tue, November 25, 2025 | 3:41 pm GMT+7

Petrovietnam arm to venture into CO2 transportation, seabed minerals, geothermal

Petrovietnam arm to venture into CO2 transportation, seabed minerals, geothermal

PVEP, the upstream arm of state giant Petrovietnam, plans to expand into new fields such as CO2 transportation and disposal (carbon capture, utilization, and storage), coal gas and underground mineral research, seabed minerals, and geothermal.

Industries - Tue, November 25, 2025 | 3:08 pm GMT+7

MB successfully closes landmark $500 mln inaugural green term loan facility agreement

MB successfully closes landmark $500 mln inaugural green term loan facility agreement

Military Commercial Joint Stock Bank (MB) on Monday announced the successful closing of its three-year $500 million inaugural Green Term Loan Facility Agreement, marking a significant milestone in the bank’s sustainable financing journey.

Banking - Tue, November 25, 2025 | 2:17 pm GMT+7

Impact of rising exchange rates in Vietnam

Impact of rising exchange rates in Vietnam

Mirae Asset Securities analysts offer an insight into the impact of rising exchange rates on companies in Vietnam in a report dated November 21.

Economy - Tue, November 25, 2025 | 1:35 pm GMT+7

Vietnam's industrial park developers post strong earnings as tenant demand rebounds

Vietnam's industrial park developers post strong earnings as tenant demand rebounds

Vietnam’s industrial real estate sector is showing stronger earnings and improving demand, with foreign tenants resuming lease negotiations after U.S. tariff policies became clearer, according to a brokerage report.

Industrial real estate - Tue, November 25, 2025 | 11:07 am GMT+7