TGS Green Hydrogen will invest around USD840 million in the development of Vietnam’s first green hydrogen plant located in the southern province of Ben Tre. Construction on the facility is scheduled to commence in June 2022 with trail operations scheduled for Q1 of 2023.
Hydrogen will be extracted from water using electrolysis powered by renewable energy (RE). The plant is initially expected to produce 24,000 tonnes of green hydrogen, 150,000 tonnes of ammonia and 195,000 tonnes of oxygen annually, with potential to double capacity in the future.
This move supports the Government of Vietnam’s goal of boosting the share of clean energy in the country’s power mix while simultaneously reducing its dependence on coal-fired energy.