US based engineering company Black & Veatch and Vietnamese renewable energy project developer The Green Solutions (TGS) have unveiled plans to generate 180,000 tons of green ammonia and 30,000 tons of green hydrogen annually in Vietnam, with the help of solar or wind power.
Under a memorandum of understanding (MoU) signed, Black & Veatch will study the production and storage of green hydrogen in the Southeast Asian nation with the help of grid connected solar or wind energy, for TGS. Ambit of the study will also cover development of green ammonia production plant, technology review, risk and tentative mitigation, conceptual design, cost estimates, and the like.
For the initial development funding, the duo has secured the support of Augustus Global Investments.
Interest in green hydrogen is picking up globally as it can be deployed to generate power, for energy storage and advanced transportation solutions, and green ammonia can be liquefied for storage and shipped globally, both contributing to decarbonizing various energy guzzling sectors.
"Partnering with Black & Veatch will allow us to adapt global best practices to Asia's requirements and contribute to the region's zero-carbon future," said Founder & CEO of TGS, Winnie Huynh.