Tetra Pak installs rooftop solar panels to cut 700 tons of carbon emissions
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.
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.
- Read More
Maersk opens its first bonded warehouse in Vietnam
Denmark's integrated transport and logistics giant A.P. Moller - Maersk (Maersk) on Thursday opened its first bonded warehouse in Vietnam at SLP Park, Nam Dinh Vu Industrial Park in Hai Phong city.
Industries - Thu, October 31, 2024 | 11:44 pm GMT+7
ABBank incurs $14 mln loss in Q3
Hanoi-headquartered An Binh Commercial Joint Stock Bank reported a pre-tax loss of VND343.5 billion ($13.59 million) in the third quarter of this year, while some other private Vietnamese banks posted strong profits.
Banking - Thu, October 31, 2024 | 9:29 pm GMT+7
Vietnam’s emergence as regional manufacturing hub a significant logistics opportunity: SuperPort exec
Southeast Asia’s rise as a vital logistics hub with Vietnam positioned as a key manufacturing center presents a significant business opportunity, says Yap Kwong Weng, CEO of Vietnam SuperPort.
Companies - Thu, October 31, 2024 | 9:01 pm GMT+7
Indonesia steps up support for textile industry
Indonesia’s President Prabowo Subianto held a close-door meeting with several ministers on Tuesday to discuss the current situation of Indonesia's textile industry, particularly focusing on textile giant Sri Rejeki Isman (Sritex).
Southeast Asia - Thu, October 31, 2024 | 6:01 pm GMT+7
Thailand speeds up plans to construct six new airports
Thailand’s Transport Ministry is accelerating development and construction projects on six airports with an aim to become the region's transportation hub.
Southeast Asia - Thu, October 31, 2024 | 6:00 pm GMT+7
Thailand develops eco-friendly seaport model
Thailand is striving to implement environmental protection and social sustainability solutions in developing the country’s major infrastructure projects, such as the development of Phase 3 of Laem Chabang Port, Thailand's only deep-sea port.
Southeast Asia - Thu, October 31, 2024 | 5:58 pm GMT+7
Indonesia intensifies oil palm cultivation to meet biodiesel demand
Indonesia is expanding its oil palm cultivation to increase crude palm oil (CPO) production as a raw material for 50% biodiesel (B50), according to the country’s Ministry of Agriculture.
Southeast Asia - Thu, October 31, 2024 | 5:56 pm GMT+7
Malaysia’s first domestic EV model opens for booking
The Malaysian multinational automotive company Proton's first electric vehicle (EV), the e.MAS 7, is now open for booking.
Southeast Asia - Thu, October 31, 2024 | 5:54 pm GMT+7
Thailand aims to become emerging leader in AI
Thailand is positioning itself as an emerging leader in artificial intelligence (AI) regulation and development, thanks to policies that support an approach that balances technological innovation with ethical considerations and workforce protection.
Southeast Asia - Thu, October 31, 2024 | 5:53 pm GMT+7
Vietnam PM calls for more investment from Qatar’s $475 bln sovereign wealth fund
Vietnamese Prime Minister Pham Minh Chinh has called on the Qatar Investment Authority (QIA), Qatar's sovereign wealth fund with total assets amounting to $475 billion as of 2023, to ramp up its investment in Vietnam.
Industries - Thu, October 31, 2024 | 4:43 pm GMT+7
FPT Retail earns $6.5 mln in Q3 profit, to expand FPT Shop chain
Vietnamese retail major FPT Retail made a profit after tax of VND165 billion ($6.52 million) in the third quarter of this year, while it incurred a loss of VND13 billion ($514,000) in the same period last year.
Companies - Thu, October 31, 2024 | 3:56 pm GMT+7
Germany’s PNE opens rep office for $4.6 bln offshore wind project in central Vietnam
Germany’s PNE AG, a leading developer of renewable energy projects, has shown its determination to proceed with a mega offshore wind power project in central Vietnam by opening a representative office there.
Energy - Thu, October 31, 2024 | 2:43 pm GMT+7
Saudi Arabian energy giant ACWA Power ready to invest $5 bln in Vietnam
Saudi Arabian private energy giant ACWA Power stands ready to invest up to $5 billion in Vietnam, a senior executive said Wednesday.
Industries - Thu, October 31, 2024 | 2:39 pm GMT+7
Effective M&A deal depends on thorough understanding, value addition potential: Kido exec
An effective M&A transaction depends on fully understanding the company being acquired in order to create added value, says Kido Group CEO Tran Le Nguyen.
Companies - Thu, October 31, 2024 | 1:22 pm GMT+7
No budget apartments in Vietnam, chronic supply-demand gap widens
Vietnam saw no supply or transaction of low-cost apartments priced below VND25 million ($988) per square meter in the third quarter, says a real estate report by the Ministry of Construction.
Real Estate - Thu, October 31, 2024 | 1:10 pm GMT+7
Vietnam steel major SMC remains bogged down with difficulties
Steel manufacturer SMC Trading Investment JSC has been actively selling assets to generate cash for debt repayment and maintain operations since the beginning of this year.
Companies - Thu, October 31, 2024 | 10:41 am GMT+7