TGS Green Hydrogen to develop new plant for nearly $850 million
- Enterprise
- 09:31 28/05/2022
DNHN - TGS Green Hydrogen from Germany plans to develop a green hydrogen plant in the Mekong Delta province of Ben Tre with the total investment capital of VND19.5 trillion ($847.8 million).
The project is located in Ba Tri district. The construction of the green hydrogen plant is expected to start in late June and start a trial run in the first quarter of 2023. It marks the first green hydrogen project in Vietnam.
The plant is expected to generate 24,000 tonnes of green hydrogen initially with an annual capacity of 150,000 tonnes of ammonia and 195,000 tonnes of oxygen.
Later, the annual production capacity is expected to be 60,000 tonnes of green hydrogen, 375,000 tonnes of ammonia, and 490,000 tonnes of oxygen, which is more than double the capacity.
The project is suitable for Vietnam’s policy to boost its clean energy usage and hence work on reducing its dependency on coal. Vietnam, a regional manufacturing powerhouse, wants to nearly double its total installed power generation capacity to 146,000MW by 2030 and prioritise using renewable energy while reducing dependency on coal.
Ha Vy (vir.com.vn)
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