TH true MILK champions green production to support net zero goal
“To Net Zero” is the goal for TH true MILK’s enclosed dairy chain. From farm to table is how TH Corp. supports and embraces the Vietnamese government’s spirit of “commitment with action”, specifically in climate change response and sustainable development.
Emissions cut via innovation Net Zero by 2050 was the Vietnamese government’s commitment at the 2021 United Nations Climate Change Conference, or COP26. It was re-emphasized at the recent COP27. It is a target that promotes Vietnam’s process toward a sustainable and eco-friendly economy.
“From day one, TH has prioritized our appreciation for Mother Nature as the moral compass for our business. TH has been running environmental protection initiatives with remarkable results, notably in sewage and waste treatment, renewable energy development, and biodiversity protection, while raising public awareness of a “green” lifestyle and consumption.
In line with the government’s Net Zero goal, TH Corp. continues to execute its sustainable developmentstrategy with six fundamentals, namely: health and nutrition, environment, education, human, community, and animal welfare, said Aghydal Mandal, CEO of TH Corp.
The TH Corp. strategy to cut greenhouse gas emissions includes utilizing ideas and creativity in going green, using eco-friendly, state-of-the-art technology at every TH plant, and renewable energy.
TH has set a target of reducing direct greenhouse gas emissions from its farms and factories by an average of 15% per year. At the same time, the total level of direct and indirect greenhouse gas emissions per product unit at factories and farms will also be cut by an average of 15% per year.
In 2022, as a result of determined and synchronized solutions, TH farms had a 20% drop in emissions per product unit, better than expected. In 2019 and 2020, TH Milk JSC reported an average 0.168 kg of CO2/liter of milk. In 2022, it hit an all-time low of 0.103 kg CO2 per product unit, remarkably lower than other dairy plants in Vietnam and Southeast Asia.
Also in 2022, TH Corp. reduced its gasoline consumption by converting from fossil fuels to biofuel (incinerating leftover splinters from the woodwork industry). Thanks to this, all TH plants witnessed an overall 85% decrease in emissions compared to 2021.
TH farms and factories have converted from traditional light bulbs to LEDs, which has helped to save five million kilowatt-hours of electricity, or 4,000 tons of CO2. This innovation received a consolation prize for energy saving, and the Ministry of Science and Technology’s “Great energy management” prize.
Going green
As a corporation advancing in sustainable development with the goal of zero emissions, TH Corp. is pursuing a green and circular economy model to secure sustainable growth.
Starting with its first fresh milk project, TH has invested in state-of-the-art technology. Since then, TH has used eco-friendly raw materials, and green and renewable energy.
In tandem with businesses looking for renewable energy solutions for progress and utilizing sunny conditions in the north central region, TH carried out a rooftop solar project in June 2020. The project aimed to promote the National Program for efficient power usage from 2019 to 2030. At the end of September 2020, the installation was finished and it was hooked up to the national power grid.
TH is installling more rooftop solar systems at its dairy farms in Nghe An, Thanh Hoa, and Da Lat. The government and the Northern Power Corporation have encouraged this solution to relieve energy shortages in northern Vietnam.
Aghydal Mandal said TH has six solar-powered farms with output providing one-eighth of the corporation’s energy needs (1/5 in the summer.) The solar systems have helped TH save 29,000 kilowatt-hours monthly, with a significant decrease in emissions.
In 2022, TH farms provided 7 million kilowatt-hours to the national grid (almost 10% of the total consumption at TH farms), meaning a cut of 4,500 tons of CO2 annually. Amid current electricity shortages, investing in renewable energy helps to ease the situation, reduce emissions, and reinforce national energy security.
TH Corp. has also developed a biomass electricity project at the NASU Nghe An Sugar Plant, with an estimated output of 30 megawatts in the 2023-2026 period, and it is installing more rooftopsolar systems at its Nghe An woodworking plant and food factories.
TH also applies many ways to optimize electricity, water, and gas consumption to cut costs and reduce emissions. For example, TH has implemented a project to re-use water fromkey equipment. The amount of water recovered accounts for 50-60% of the total amount of steam supplied for production, thus saving FO oil used by the plant. This has cut the amount of electricity, oi land water used significantly compared to 2021.
Toward 2026, projects include using biogas to treat livestock manure and produce energy to heat water at TH plants. Besides, for new equipment, TH will select modern and cutting-edge systems that consume less power and use eco-friendly materials.
- Read More
Vietnam steel stocks poised for growth in 2025 despite headwinds
Vietnam's listed steel companies are forecast to see robust profit growth in 2025, with earnings surging by 44.1% year-on-year, according VPBank Securities (VPBankS).
Finance - Sat, December 28, 2024 | 12:48 pm GMT+7
Northern Vietnam port operator logs record revenue in 2024
Hai Phong Port JSC, headquartered in the northern city of Hai Phong, reaped VND2.91 trillion ($114.3 million) in 2024 revenue, an all-time high.
Companies - Sat, December 28, 2024 | 11:00 am GMT+7
A 3-day trip to Phu Quoc costs less than a weekend in Singapore: Travel + Leisure
Renowned travel magazine Travel + Leisure has dedicated an entire article to explain the allure of Phu Quoc to its nearly 5 million readers. Key reasons highlighted include convenient transportation, an advantageous visa policy, and a variety of appealing experiences.
Travel - Sat, December 28, 2024 | 9:55 am GMT+7
Public investment key catalyst for domestic consumption, private investment in Vietnam: experts
Public investment is a top driving force of Vietnam's economic growth amid uncertainties related to inflation, interest rates and exchange rates under the global impact, according to experts.
Finance - Sat, December 28, 2024 | 8:00 am GMT+7
Largest ever made-in-Vietnam bulk carrier ready to sail
A bulk carrier with the capacity of 65,000 deadweight tonnage (DWT), the largest ever built by a Vietnamese company, has completed sea trials and is ready to start operations from Hai Phong city, northern Vietnam.
Southeast Asia - Fri, December 27, 2024 | 10:39 pm GMT+7
Vietnam's agri trade surplus hits $18 bln in 2024
Exports of agro-forestry-aquatic products have created a breakthrough for Vietnam this year, generating $62.5 billion, up 18.7% year on year, with a record trade surplus of $17.9 billion.
Southeast Asia - Fri, December 27, 2024 | 10:39 pm GMT+7
Third Vietnamese gasoline company to install VinFast EV charging stations
Saigon Fuel JSC, which trades in fuels including gasoline, oil, lubricants, and LPG, plans to collaborate with electrical vehicle manufacturer VinFast to survey its gasoline stations for potential installation of charging stations.
Companies - Fri, December 27, 2024 | 6:31 pm GMT+7
Land will be reclaimed if not used, Hanoi issues ultimatum to FLC Group
Four land plots in Hanoi’s Nam Tu Liem district owned by scandal-hit developer FLC Group will be revoked if they remain unused, said the municipal People’s Committee in its ultimatum to the group.
Real Estate - Fri, December 27, 2024 | 4:54 pm GMT+7
Dak Nong receives UNESCO global geopark title for second time
The Central Highlands province of Dak Nong celebrated the second conferment of the UNESCO global geopark title for its geopark at a ceremony organized by the provincial People’s Committee on Thursday evening.
Travel - Fri, December 27, 2024 | 4:43 pm GMT+7
Danang among best places to visit in Asia in 2025: Time Out
The coastal city of Danang in central Vietnam has been recognized as the only representative from the country included in the UK-based Time Out’s prestigious list of top 8 travel destinations in Asia for 2025.
Travel - Fri, December 27, 2024 | 4:39 pm GMT+7
ThaiBev-run Sabeco becomes parent firm of Vietnamese brewer Sabibeco
Ho Chi Minh City-based Sabeco, controlled by Thai Beverage, has completed the acquisition of 37.8 million shares, or a 43.2% stake, in local brewer Sabibeco Group (SBB), officially making it a subsidiary.
Companies - Fri, December 27, 2024 | 4:24 pm GMT+7
Renting homes a 'hot trend' in Vietnam: experts
The demand for rental housing in Vietnam has grown significantly, driven by four primary groups of customers, including foreigners and Vietnamese residents seeking homes that suit their living, working and studying needs, says Vo Tri Thanh, director of the Institute for Brand Strategy and Competition Research.
Real Estate - Fri, December 27, 2024 | 4:03 pm GMT+7
Malaysian national becomes Novaland’s audit board member amid leadership reshuffle
Dennis Ng Teck Yow, a non-executive board member of major Vietnamese developer Novaland, was appointed member of the firm’s audit board on Wednesday, replacing Nguyen My Hanh.
Companies - Fri, December 27, 2024 | 3:36 pm GMT+7
Vietnam renewable energy projects to pay back for improper FIT rates
Renewable energy projects found to have enjoyed the feed-in-tariff (FIT) rates improperly in Vietnam will have their gain reclaimed by the government.
Energy - Fri, December 27, 2024 | 2:49 pm GMT+7
Vietnam's highest deposit interest rate hits 7.2% per year in Nov
The average deposit interest rates in VND at Vietnamese commercial banks in November ranged from 5.1% to 6% per year for term deposits of over 12 months to 24 months, and from 6.8% to 7.2% for those with terms longer than 24 months.
Banking - Fri, December 27, 2024 | 2:19 pm GMT+7
Vietnam PM requests responsibility for Power Development Plan VIII implementation delays to be pinpointed
Prime Minister Pham Minh Chinh has requested finding out which entities and individuals are accountable for the delay in completing the implemenation scheme for the National Power Development Plan VIII (PDP VIII).
Energy - Fri, December 27, 2024 | 10:59 am GMT+7