Honeywell, a U.S. multi-sector conglomerate, will cooperate with Ho Chi Minh City-based The Green Solutions in implementing the Tra Vinh Green Hydrogen plant, the first such facility in Vietnam.
In a Wednesday announcement, Honeywell said the two sides have signed a memorandum of understanding under which it will provide the project with project automation design and management as well as management for energy transition, including battery energy storage systems (BESS).
The cooperation aims to enable the Vietnamese side to have the plant run on renewable energy sources, it added.
In addition to BESS, Honeywell will provide solutions and expertise covering the entire hydrogen value chain to help The Green Solutions operate safely, profitably and meet its renewable energy production goals.
Ramanathan Valliyappan, regional general manager of Honeywell Process Solutions, said the company BESS will play a key enabling role in the project.
"It will extend renewable energy from The Green Solutions’ solar farms beyond sunlight time as well as extend wind power when the winds are calm,” he elaborated.
The Green Solutions started construction of the project last March at a total estimated cost of VND8 trillion ($341 million). The firm expects to put the 21-hectare factory site online after two years, initially producing 24,000 tons of green hydrogen and 195,000 tons of oxygen a year, and providing direct jobs for 300-500 local residents.
Under the national hydrogen strategy approved by Deputy Prime Minister Tran Hong Ha, Vietnam plans to build hydrogen storage, distribution and usage facilities with an annual capacity of 10-20 million tons by 2050. Another target is to develop distribution systems for the transport sector across the country, in line with global developments, by 2050.