The People's Committee of Tra Vinh Province in southern Vietnam on Thursday held a ceremony to kick off a project to build a green hydrogen plant with an estimated investment of VND8 trillion (US$341 million).
The project, whose investor is TGS Tra Vinh Green Hydrogen Corporation, an arm of The Green Solutions Group, is the largest-ever green hydrogen plant in the Southeast Asian country.
It was designed to cover some 21 hectares of land.
Once completed, the project will produce green hydrogen through seawater electrolysis, in which renewable energy will be used to split seawater into hydrogen and oxygen.
Hydrogen will be stored in the form of liquefied gas which is easily transported and used in many heavy industries.
The green hydrogen factory will help deal with the redundant output of wind and solar power plants.
In the future, vehicles, such as cars, buses, and trucks, are expected to be hydrogen-powered and discharge steam instead of carbon dioxide emissions as currently.
Once the project is complete and put into operation in the next two years, it is expected to produce 24,000 metric tons of green hydrogen and 195,000 metric tons of oxygen a year, provide jobs for around 300-500 local laborers, and contribute significantly to Tra Vinh’s budget.
Speaking at the ground-breaking ceremony for the project, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said Vietnam has considered chemical production as a basic sector which will be given priority for development.
In addition, hydrogen is an important chemical used in metallurgy, oil refining, semiconductor production, and cosmetics.
It is also a key material for the production of other chemicals for many industries.
The production of green hydrogen using renewable energy has been stated in Vietnam’s strategies to develop the chemical industry until 2030 with a vision to 2040.