$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
AI cannot replace customer service staff: MoMo exec

AI cannot replace customer service staff: MoMo exec

AI cannot replace customer service staff, but it can give them more time to prepare and provide better care for customers, says Thai Tri Hung, senior deputy general director and chief technology officer of e-wallet app MoMo.

Companies - Thu, October 31, 2024 | 8:11 am GMT+7

Vietnam property developer Novaland posts skyrocketing Q3 profit

Vietnam property developer Novaland posts skyrocketing Q3 profit

Novaland, a leading real estate developer in Vietnam, reported its after-tax profit hit VND2.95 trillion ($166.62 million) in the third quarter of this year, a 21.6-fold rise year-on-year.

Companies - Wed, October 30, 2024 | 10:59 pm GMT+7

Thailand fruit prices increase at the end of successful season

Thailand fruit prices increase at the end of successful season

Thailand’s fruit season is wrapping up this year with a notable surge in prices for durian, mangosteen, rambutan, longkong, and mango.

Southeast Asia - Wed, October 30, 2024 | 10:30 pm GMT+7

BlackBerry launches regional cybersecurity headquarters in Malaysia

BlackBerry launches regional cybersecurity headquarters in Malaysia

Canada-based BlackBerry Ltd has established an Asia Pacific regional headquarters for its cybersecurity division in Cyberjaya, Malaysia, which is now fully operational.

Southeast Asia - Wed, October 30, 2024 | 10:27 pm GMT+7

Malaysia faces rising cybersecurity threats

Malaysia faces rising cybersecurity threats

Malaysian users are facing a high level of cyber threats, which may coincide with the rapid expansion of data centers in the country.

Southeast Asia - Wed, October 30, 2024 | 10:24 pm GMT+7

Indonesia to develop 3 million more hectares of rice fields

Indonesia to develop 3 million more hectares of rice fields

The Indonesian government is working to implement a program to develop 3 million hectares of new rice fields to strengthen the country's food resilience amid global challenges and increasing population demands, national news agency Antara reported.

Southeast Asia - Wed, October 30, 2024 | 9:24 pm GMT+7

Singapore’s digital economy thriving

Singapore’s digital economy thriving

Singapore’s digital economy accounted for 17.7% of the island state's GDP in 2023, up from 17.3% in the previous year, according to its Infocomm Media Development Authority (IMDA).

Southeast Asia - Wed, October 30, 2024 | 9:21 pm GMT+7

Viettel, UAE’s Presight to boost Applied AI, digital transformation in Vietnam

Viettel, UAE’s Presight to boost Applied AI, digital transformation in Vietnam

Vietnam’s Viettel AI and the UAE’s Presight have agreed to jointly advance the development of Applied AI and digital transformation initiatives in Vietnam.

Companies - Wed, October 30, 2024 | 8:30 pm GMT+7

Vietnam utility EVN to build $277 mln transmission line to import power from China

Vietnam utility EVN to build $277 mln transmission line to import power from China

State utility Vietnam Electricity (EVN) has got the go head to build the VND7,010 billion ($277.2 million), 500 kV Lao Cai-Vinh Yen line for transmission in the northwestern region and to import power from China.

Energy - Wed, October 30, 2024 | 8:09 pm GMT+7

Jack Ma-invested fund unloads Vietnam holdings worth $130 mln in Q3

Jack Ma-invested fund unloads Vietnam holdings worth $130 mln in Q3

China’s Tianhong Vietnam Market Stock Initiated Securities Investment Fund (QDII) saw outflows of around RMB930 million ($130.4 million) in the July-September quarter.

Finance - Wed, October 30, 2024 | 4:53 pm GMT+7

Private lender HDBank reports strong profit growth in 9 months

Private lender HDBank reports strong profit growth in 9 months

Ho Chi Minh City-based private creditor HDBank's pre-tax profit surged 47% year-on-year to VND12.65 trillion ($499.6 million) in the first nine months of this year.

Banking - Wed, October 30, 2024 | 4:42 pm GMT+7

Real estate M&As gather pace as local firms struggle with capital insufficiency, restructuring: experts

Real estate M&As gather pace as local firms struggle with capital insufficiency, restructuring: experts

2024 is considered a vibrant year for mergers and acquisitions (M&A) in Vietnam’s real estate sector, as domestic property companies still face challenges related to capital and restructuring, according to experts.

Real Estate - Wed, October 30, 2024 | 4:14 pm GMT+7

Vietnam conglomerate Vingroup, UAE partner seek to build $3.5 bln data center

Vietnam conglomerate Vingroup, UAE partner seek to build $3.5 bln data center

Vietnam’s leading conglomerate Vingroup and the Middle East-focused Benya Technologies will jointly explore opportunities to invest in a $3.5 billion data center in Vietnam.

Industries - Wed, October 30, 2024 | 3:43 pm GMT+7

Commonwealth Bank of Australia further sells 10% stake in Vietnam bank VIB

Commonwealth Bank of Australia further sells 10% stake in Vietnam bank VIB

The Commonwealth Bank of Australia (CBA) has sold a further 10% stake in Vietnam International Commercial Joint Stock Bank (VIB).

Banking - Wed, October 30, 2024 | 1:17 pm GMT+7

Saudi Aramco seeks to invest in Vietnam, partner with Petrovietnam

Saudi Aramco seeks to invest in Vietnam, partner with Petrovietnam

State-owned Saudi Arabian Oil Group (Aramco), the world’s largest oil producer, is eyeing to invest in petrochemical-oil refining and petroleum distribution in Vietnam, said president and CEO Amin Hassan Nasser.

Energy - Wed, October 30, 2024 | 11:01 am GMT+7

Emirates seeks to expand presence in Vietnam

Emirates seeks to expand presence in Vietnam

Emirates, the flagship carrier of the UAE, has signed two separate memorandums of understanding (MoUs) with Vietnam Airlines and Vietjet as part of the airline's efforts to expand its footprint in Vietnam.

Companies - Wed, October 30, 2024 | 10:02 am GMT+7