Tetra Pak installs rooftop solar panels to cut 700 tons of carbon emissions

By Tri Duc
Fri, March 24, 2023 | 2:20 pm GMT+7

Packaging giant Tetra Pak has installed 5,900 square meters of rooftop solar panels on its Binh Duong province factory, reducing carbon emissions by 700 tons and generating 1,900 MWh of electricity a year.

According to a release on Wednesday, the system was completed after six months of construction and is part of Tetra Pak’s commitments to reducing greenhouse gases towards net-zero emissions by 2030, said Eliseo Barcas, managing director and president at Tetra Pak Vietnam.

A Tetra Pak factory in Binh Duong province, southern Vietnam. Photo courtesy of the firm.

A Tetra Pak factory in Binh Duong province, southern Vietnam. Photo courtesy of the firm.

Targeting sustainable growth and raising the sustainability of packaging products, the Tetra Pak factory in the southern province is studying the deployment of the Common Energy Monitoring Platform (CEMP) to optimize energy usage.

In 2020, Tetra Pak Binh Duong was awarded a Leadership in Energy and Environmental Design (LEED) certificate for saving two million liters of water, reusing and recycling 90% of waste disposals, and cutting 4,000 tons of CO2 emissions yearly.

Last month, the plant was certified an AA+ rating, the top level of Brand Reputation through Compliance Global Standards (BRCGS), becoming the first and only facility out of 82 packaging units in Vietnam to make the grade.

Tetra Pak Binh Duong entered operation in 2019 and is Tetra Pak’s eighth plant in Asia-Pacific, manufacturing sterilized carton packages for Vietnam, ASEAN nations, Australia, and New Zealand.

In 2021, despite the Covid-19 pandemic, the firm invested an additional EUR5 million ($5.44 million) to raise the facility’s capacity from 11.5 billion to 16.5 billion packages a year, and upgrade the facility to produce top-tier packages as substitutions for imported products.

The installation capacity of rooftop solar power in Vietnam as of March 23 was estimated at 7,660 MW, or 9.65% of the total of all power sources, according to EVN's National Load Dispatch Center. The capacity of rooftop solar power is between 5,363 MW at noon and 534 MW in the afternoon-evening.

Recently, rooftop solar power has become a trend among businesses in Vietnam. China-based Jinko Solar Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, is planning to install rooftop solar power for projects in Song Khoai Industrial Park in northern Vietnam’s Quang Ninh province. Jinko Solar has also proposed further plans in the coastal province covering over 100 hectares.

On March 2, Agribusinesses De Heus Vietnam and Bel Ga JSC signed agreements with Green Roof, a local rooftop solar power developer, to install rooftop solar power systems at their establishments. The systems of up to 20 MWp will be set up at 30 facilities of the two businesses in 19 cities and provinces.

In December 2022, Duy Tan Binh Duong Plastics signed a deal to build a 2,170 kWp rooftop solar photovoltaic system covering 16,000 square meters on its factory in the southern province of Binh Duong. The rooftop solar system will generate three million kWh annually, helping the firm reduce its carbon emissions by 2,000 tons a year.

Comments (0)
  • Read More
Vietnam business lobby urges easing of football betting limits

Vietnam business lobby urges easing of football betting limits

Vietnam’s leading business lobby VCCI has called on the government to sharply ease limits on international football betting and relax foreign ownership rules to make the industry more appealing to investors.

Finance - Thu, October 23, 2025 | 9:30 pm GMT+7

Powering growth from within

Powering growth from within

The development of a strong domestic private sector is essential for building a resilient, independent, and self-reliant economy that is less dependent on state-owned enterprises or foreign investment, writes Tim Evans, CEO of HSBC Vietnam.

Economy - Thu, October 23, 2025 | 9:09 pm GMT+7

Vietnam's stock market regulator appoints 2 new vice chairpersons

Vietnam's stock market regulator appoints 2 new vice chairpersons

The State Securities Commission of Vietnam (SSC) has appointed Nguyen Hoang Duong and Le Thi Viet Nga as its new vice chairpersons.

Finance - Thu, October 23, 2025 | 4:14 pm GMT+7

Vinhomes chairman appointed CEO of VinSpeed

Vinhomes chairman appointed CEO of VinSpeed

Pham Thieu Hoa, chairman of Vinhomes, has been appointed CEO of VinSpeed, a newly established company specializing in railway construction.

Companies - Thu, October 23, 2025 | 3:40 pm GMT+7

De Heus, Hung Nhon to invest $380 mln in high-tech agriculture hub in southern Vietnam

De Heus, Hung Nhon to invest $380 mln in high-tech agriculture hub in southern Vietnam

Dutch agribusiness group Royal De Heus and Vietnam’s Hung Nhon Group plan to invest VND10 trillion ($380 million) to develop a high-tech agricultural ecosystem in Tay Ninh province between 2025 and 2030.

Industries - Thu, October 23, 2025 | 2:35 pm GMT+7

Consumer finance major F88’s credit rating upgraded on improved funding capability, liquidity

Consumer finance major F88’s credit rating upgraded on improved funding capability, liquidity

Vietnamese credit ratings agency FiinRatings has upgraded F88's credit rating from “BBB-” to “BBB”, with a “stable” outlook, citing the company's enhanced capital-raising ability and improved liquidity position.

Companies - Thu, October 23, 2025 | 2:00 pm GMT+7

Vietnam's benchmark VN-Index could surpass 2,000 points in 2026: exec

Vietnam's benchmark VN-Index could surpass 2,000 points in 2026: exec

VN-Index could top 2,000 points next year, said Huynh Minh Tuan, founder of FIDT - a Ho Chi Minh City-based investment consulting firm.

Finance - Thu, October 23, 2025 | 10:55 am GMT+7

Key factors helping firms export to demanding markets: DH Foods exec

Key factors helping firms export to demanding markets: DH Foods exec

Don’t treat business as a week-to-week or month-to-month affair. To go the distance, you must conduct business ethically, writes Nguyen Trung Dung, CEO of DH Foods.

Consulting - Thu, October 23, 2025 | 8:00 am GMT+7

Gold exchange, gold derivatives, gold ETFs proposed to be launched in Vietnam

Gold exchange, gold derivatives, gold ETFs proposed to be launched in Vietnam

Forming a gold exchange under state management in Vietnam is suitable to the reality, said Dao Xuan Tuan, head of the foreign exchange management department under the State Bank of Vietnam (SBV).

Finance - Wed, October 22, 2025 | 9:00 pm GMT+7

Real estate major Novaland wins key approval for $5 bln project in central Vietnam

Real estate major Novaland wins key approval for $5 bln project in central Vietnam

Novaland Group (HoSE: NVL), one of Vietnam’s leading property developers, has received investment approval for its flagship project worth $5 billion in the central province of Lam Dong after years of delay due to legal obstacles.

Real Estate - Wed, October 22, 2025 | 4:20 pm GMT+7

Vietnam's plastics heavyweights Tien Phong, Binh Minh report profit surges

Vietnam's plastics heavyweights Tien Phong, Binh Minh report profit surges

Tien Phong Plastic (HNX: NTP) recorded pre-tax profit of nearly VND949 billion ($36.04 million) in the first nine months of the year, exceeding its full-year target by 10.85%, while Binh Minh Plastic (HoSE: BMP) achieved record net profit of VND350 billion ($13.29 million) in Q3, surpassing its VND330 billion milestone set in the previous quarter.

Companies - Wed, October 22, 2025 | 4:17 pm GMT+7

Vietnam, Finland firms sign multiple MoUs on satellite, cybersecurity, aviation partnerships

Vietnam, Finland firms sign multiple MoUs on satellite, cybersecurity, aviation partnerships

A series of cooperation agreements were signed between Vietnam and Finland on Tuesday, within the framework of Party chief To Lam's official visit to Helsinki, while bilateral relationship was lifted to a "strategic partnership".

Economy - Wed, October 22, 2025 | 12:43 pm GMT+7

Trung Nam Ca Na seeks to convert agri-forest land for $147 mln industrial park in central Vietnam

Trung Nam Ca Na seeks to convert agri-forest land for $147 mln industrial park in central Vietnam

Industrial park developer Trung Nam Ca Na is seeking approval to convert about 170 hectares of agricultural and forest land for the construction of a VND3,875 billion ($147 million) project in Vietnam’s central coastal province of Khanh Hoa.

Industrial real estate - Wed, October 22, 2025 | 10:54 am GMT+7

PV Power's arm posts 5-fold jump in Q3 profit on margin recovery

PV Power's arm posts 5-fold jump in Q3 profit on margin recovery

PetroVietnam Power Nhon Trach 2 JSC (HoSE: NT2) reported a sharp rebound in third-quarter earnings as improved margins and higher revenue lifted profits nearly fivefold from a year earlier.

Companies - Wed, October 22, 2025 | 8:37 am GMT+7

TCBS overtakes SSI to become Vietnam’s largest securities company by market cap

TCBS overtakes SSI to become Vietnam’s largest securities company by market cap

Over 2.3 billion shares of Techcom Securities JSC (TCBS) debuted on the Ho Chi Minh City Stock Exchange (HoSE) on Tuesday. The stock, TCX, recorded the highest price and the largest market capitalization in the Vietnamese securities sector.

Finance - Tue, October 21, 2025 | 10:27 pm GMT+7

Indonesia’s palm oil industry becomes investment magnet

Indonesia’s palm oil industry becomes investment magnet

Indonesia’s palm oil sector attracted IDR52.7 trillion, or approximately $3.2 billion, in investment during the first nine months of this year, with the money going into enabling the country to capture more value out of its top commodity, the country’s Ministry of Investment reported.

Southeast Asia - Tue, October 21, 2025 | 9:34 pm GMT+7