China-based Huadian Group has announced plans to partner with Minh Quang JSC to develop a USD2.39 billion green hydrogen plant in the central province of Quang Tri in Vietnam.
The plant will entail a 1,200 MW wind power plant, an 800 MW solar power plant and a water electrolysis plant for hydrogen production with supporting storage and transport facilities. Upon the commencement of operations, it will produce an annual output of 60,000 tons and will contribute around USD27.5 million to the state budget.
The project is in line with the country’s plan to build hydrogen storage, distribution and usage facilities with an annual capacity of 10-20 million tons by 2050. Additionally, by 2030, the country aims to deploy technologies in green hydrogen production, carbon capture and storage (CCS), which will generate an annual output of 100,000-500,000 tons and further increase the output to 10-20 million tons annually by 2050.