$7.4 bln green hydrogen center planned in Quang Tri
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.
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.
- Read More
Chinese investment capital shifts to green energy, electronics, automobiles: official
Chinese direct investment in Vietnam has traditionally focused on the manufacturing sector and it is now transitioning toward green energy, electronics, and automobiles.
Industries - Thu, December 19, 2024 | 4:30 pm GMT+7
BP seeks to help long-delayed power plant in central Vietnam with coal-to-LNG conversion
British oil-gas giant BP seeks to help the Cong Thanh coal-fired power project in Thanh Hoa province with its transition into an LNG-fired plant, said Chris Bramley, vice president of integrated gas & power at BP.
Energy - Thu, December 19, 2024 | 3:48 pm GMT+7
Vietnam refinery operator BSR plans listing in Jan next year
Binh Son Refining and Petrochemical JSC (BSR), the operator of Vietnam’s first oil refinery Dung Quat, plans to list its shares on the Ho Chi Minh Stock Exchange (HoSE) on January 17, 2025.
Companies - Thu, December 19, 2024 | 3:23 pm GMT+7
The 'key' that helps Phu Quoc make a 'leap' to become global destination
The famtrip “Journey to Paradise Island” from December 4-6, 2024 has brought Phu Quoc to the center of attention of the tourism industry in the world.
Travel - Thu, December 19, 2024 | 2:10 pm GMT+7
Dollar index reaches 2-year high, Vietnam’s exchange rate hits new peak
The exchange rate in Vietnam made a new peak on Thursday as the State Bank of Vietnam, the country’s central bank, increased its central exchange rate by VND26, or 0.11%, to VND24,304 per USD.
Banking - Thu, December 19, 2024 | 11:59 am GMT+7
Chip giant Synopsys opens office in Hanoi, fourth in Vietnam
Synopsys, a leading chip business based in California, opened its Hanoi office on Wednesday, the fourth in Vietnam after two in Ho Chi Minh City and one in Danang city, furthering its involvement in Vietnam’s semiconductor sector.
Companies - Thu, December 19, 2024 | 11:32 am GMT+7
Eleven people die as coffee shop in Hanoi burnt
Legal proceedings have been launched against a man in Hanoi who burnt down a coffee shop with gasoline in late evening Wednesday, killing 11 people.
Society - Thu, December 19, 2024 | 8:35 am GMT+7
Vietnam to be key link in global LNG chain on rising demand: experts
Vietnam is emerging as a potential LNG importer and expected to become a key link in the global LNG chain, says Nguyen Duc Tung from the Vietnam Institute of Strategy and Policy for Industry and Trade.
Energy - Thu, December 19, 2024 | 8:16 am GMT+7
Latvian man sentenced in Vietnam for operating loan shark ring with 1,380% interest rate
Aigars Plivěs, a Latvian national, on Monday was sentenced to two years and nine months in prison for operating three companies that offered loans with high interest rates of 401-1,379.7% per year, earning illicit gains of more than VND4.15 trillion ($163 million).
Society - Wed, December 18, 2024 | 10:37 pm GMT+7
April Tea Shop to close down amid F&B sector woes
The Tiem tra thang 4 (April Tea Shop), a popular check-in and beverage destination for young people in Ho Chi Minh City, has announced it will shut down on December 25, ending a five-year journey.
Companies - Wed, December 18, 2024 | 9:56 pm GMT+7
New tourism trends seen in Thailand
Thailand is gearing up to attract more luxury and high-spending travellers in a bid to stimulate post-pandemic expenditure.
Southeast Asia - Wed, December 18, 2024 | 9:37 pm GMT+7
Thailand to allow more foreign workers in business
The Thai cabinet has approved in principle increasing the number of foreign workers at businesses to deal with labour shortage, according to Thai government spokesman Jirayu Huangsab.
Southeast Asia - Wed, December 18, 2024 | 9:25 pm GMT+7
Indonesia to build first nuclear power plant
Indonesia is planning to build its first nuclear power plant on Kelasa island in Bangka Belitung province.
Southeast Asia - Wed, December 18, 2024 | 9:18 pm GMT+7
Thailand announces research and innovation direction for 2025
The recent “Research X Innovation 2025” conference examined global trends and announced Thailand’s research and innovation direction for 2025.
Southeast Asia - Wed, December 18, 2024 | 8:49 pm GMT+7
Malaysia eyes to become ASEAN’s next-generation vehicle hub
The Malaysian Investment Development Authority (MIDA) has partnered with DRB-Hicom Bhd and Zhejiang Geely Holding Group Co. Ltd. to develop the Automotive Hi-Tech Valley (AHTV) in Tanjung Malim, Perak, with a goal of turning the country into ASEAN’s hub for next-generation vehicles (NxGV) and energy-efficient vehicles.
Southeast Asia - Wed, December 18, 2024 | 8:46 pm GMT+7
Thai IP developer Amata eyes clean energy cooperation with northern Vietnam province
Amata Group of Thailand on Wednesday recommended the northern province of Quang Ninh foster cooperation in clean energy development in the time to come.
Investing - Wed, December 18, 2024 | 4:54 pm GMT+7