$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
Binh Thuan province’s former chairman arrested for wastefulness at tourism-urban project

Binh Thuan province’s former chairman arrested for wastefulness at tourism-urban project

The investigative agency of the Ministry of Public Security has recently launched legal proceedings against and arrested Le Tien Phuong, who was Chairman of Binh Thuan province for the 2011-2016 term.

Top News - Fri, April 26, 2024 | 9:41 pm GMT+7

Vietnam central bank to keep interest rate steady: deputy governor

Vietnam central bank to keep interest rate steady: deputy governor

The State Bank of Vietnam (SBV), the country’s central bank, will continue to keep policy interest rates unchanged at present and in the coming time, Deputy Governor Dao Minh Tu affirmed Thursday.

Economy - Fri, April 26, 2024 | 9:11 pm GMT+7

Nam Kim Steel builds $178 mln factory in southern Vietnam

Nam Kim Steel builds $178 mln factory in southern Vietnam

Ho Minh Quang, chairman of Nam Kim Group, says work is proceeding space on the VND4.5 trillion ($177.55 million) Phu My steel roofing factory in Ba Ria-Vung Tau province and it should become operational in Q4/2025 or Q1/2026.

Companies - Fri, April 26, 2024 | 5:57 pm GMT+7

Vietnam parliament chairman Vuong Dinh Hue to step down

Vietnam parliament chairman Vuong Dinh Hue to step down

The Party Central Committee has agreed to let Vuong Dinh Hue, a member of the Poliburo - the country's highest decision making body, and Chairman of the National Assembly, to step down from his positions per his wish.

Politics - Fri, April 26, 2024 | 5:05 pm GMT+7

Nvidia keen on building AI center, relocating GPU production in Vietnam

Nvidia keen on building AI center, relocating GPU production in Vietnam

Nvidia is keen on working with Vietnamese authorities to establish a training-research-development center for artificial intelligence (AI), install super computers, and relocate part of its graphics processing unit (GPU) production to the country.

Industries - Fri, April 26, 2024 | 4:56 pm GMT+7

Japan energy firm Erex eyes 50 MW biomass power plant in northern Vietnam

Japan energy firm Erex eyes 50 MW biomass power plant in northern Vietnam

Japanese renewable energy firm Erex Co., Ltd. plans to build a 50-MW biomass power plant in the northern mountainous province of Lao Cai, Erex representative director and president Honna Hitoshi said Wednesday.

Energy - Fri, April 26, 2024 | 3:30 pm GMT+7

New stock trading system KRX unable to go-live on May 2: regulator

New stock trading system KRX unable to go-live on May 2: regulator

The State Securities Commission (SSC) has rejected the Ho Chi Minh Stock Exchange’s (HoSE) proposal to officially operate a new stock trading system called KRX on May 2, citing some securities firms as saying that there were errors during the testing process.

Finance - Fri, April 26, 2024 | 3:05 pm GMT+7

New expressway shortens Hanoi-Nghe An travel time to three hours by car

New expressway shortens Hanoi-Nghe An travel time to three hours by car

The Dien Chau-Bai Vot Expressway will be opened to traffic on Sunday, shortening the travel time between Hanoi and Vinh town, capital of Nghe An province, from five hours to three hours by car.

Infrastructure - Fri, April 26, 2024 | 12:00 pm GMT+7

Dairy giant Vinamilk targets 5% pre-tax profit growth in 2024

Dairy giant Vinamilk targets 5% pre-tax profit growth in 2024

Vietnamese dairy giant Vinamilk aims to earn VND63.16 trillion ($2.5 billion) in revenue and VND11.5 trillion ($453.92 million) in pre-tax profit this year, up 4.4% and 5.1% year-on-year, respectively, CEO Mai Kieu Lien said on Thursday.

Companies - Fri, April 26, 2024 | 11:53 am GMT+7

LG invests $8.24 bln in northern Vietnam city, urged to do more in training, healthcare

LG invests $8.24 bln in northern Vietnam city, urged to do more in training, healthcare

South Korean chaebol LG’s investment in Vietnam’s northern coastal city of Hai Phong has amounted to $8.24 billion to date, and the local administration has called on the company to invest more in education-training and healthcare.

Industries - Fri, April 26, 2024 | 11:43 am GMT+7

SHB sets sights on pre-tax profit hike, bad debt ratio dip in 2024

SHB sets sights on pre-tax profit hike, bad debt ratio dip in 2024

Saigon-Hanoi Commercial Joint Stock Bank, one of the top private banks in Vietnam, is aiming for VND11.28 trillion ($444 million) in pre-tax profit in 2024, up 22.2% year-over-year, its chairman Do Quang Hien told the bank's AGM on Thursday.

Companies - Fri, April 26, 2024 | 11:07 am GMT+7

Leading broker SSI allays concerns over cybersecurity after VNDirect ransomware attack

Leading broker SSI allays concerns over cybersecurity after VNDirect ransomware attack

Nguyen Duy Hung, chairman of leading brokerage house SSI Securities Inc., has responded to inquiries from shareholders regarding information technology system security following the hacking incident at VNDirect Securities by saying that SSI cares about information security .

Companies - Fri, April 26, 2024 | 10:13 am GMT+7

Gasoline retailer PVOIL posts $11.8 mln pre-tax profit in Q1

Gasoline retailer PVOIL posts $11.8 mln pre-tax profit in Q1

PVOIL, a subsidiary of state-run giant Petrovietnam, recorded a consolidated pre-tax profit of VND300 billion ($11.83 million) in the first quarter of 2024, up 5% year-on-year, said its leadership.

Companies - Fri, April 26, 2024 | 7:59 am GMT+7

US's human rights report has 'inaccurate information about Vietnam situation'

US's human rights report has 'inaccurate information about Vietnam situation'

Vietnam on Thursday said it has ‘regrets’ over the recent annual human rights report released by the U.S. Department of State.

Society - Thu, April 25, 2024 | 10:05 pm GMT+7

Schools in Philippines go online amid extreme heat

Schools in Philippines go online amid extreme heat

Record heat in the Philippines in April has forced schools to send children home for online classes.

Southeast Asia - Thu, April 25, 2024 | 9:59 pm GMT+7

Marubeni seeks cooperation in sustainable aviation fuel, offshore wind power in Vietnam

Marubeni seeks cooperation in sustainable aviation fuel, offshore wind power in Vietnam

Marubeni Asian Power Singapore Pte Ltd., a wholly-owned subsidiary of Japanese multi-sector giant Marubeni, is seeking to cooperate with Vietnamese businesses in sustainable aviation fuel and renewable energy, particular offshore wind power.

Energy - Thu, April 25, 2024 | 8:53 pm GMT+7