Black & Veatch and The Green Solutions (TGS) have signed a Memorandum of Understanding (MoU) to advance the production and supply of green hydrogen and green ammonia in Vietnam.
TGS specialises in renewable energy project development, manufacturing and services. The announcement saw them appoint engineering firm Black & Veatch to study green hydrogen and green ammonia.
Invest group Augustus Global Investments will provide the initial development funding for the project.
“The Green Solutions is committed to applying the most advanced technologies in the field of renewable energy in Vietnam. 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 Winnie Huynh, TGS Founder and CEO, in a statement.
Supporting Vietnamese decarbonisation
The two signed a memorandum of understanding (MoU) with the aim of producing 180,000 tons of green ammonia and 30,000 tons of green hydrogen per year. This will be done in support of regional decarbonisation efforts.
Black & Veatch will utilise solar or wind power supplied through the grid to study Vietnamese green hydrogen production and storage.
The study will include the following aspects:
- Development of a green ammonia production plant as well as plant configuration and technology review.
- Technology evolution risk and tentative mitigation.
- Conceptual design.
- Order of magnitude cost estimates.
- Levelized cost calculations.Narsingh Chaudhary, Black & Veatch Asia Pacific Executive Vice President and Managing Director, also commented on the partnership and project. He referenced their 80-year history with hydrogen and ammonia production as well as the company’s experience in hydrogen infrastructure.“Black & Veatch is eager to partner with sustainability-focused companies like The Green Solutions as we pursue our shared passion for decarbonising energy in Asia by broadening the use of green hydrogen and green ammonia,” stated Chaudhary.
Asia’s decarbonisation optimism
The MoU comes as a response to Asia’s optimism for green fuels such as hydrogen and ammonia.
Hydrogen can be used for power generation, energy storage and advanced transportation solutions. Ammonia can be liquified for storage and global shipment and used in multiple energy-intensive industries to produce electricity or other green chemicals.
Black & Veatch’s 2022 Asia Electric Report illustrated that 73% of respondents believe hydrogen will help meet carbon emissions goals beyond this decade. This is more than any other technology.
The report also reveals that 46% think it will take off as a clean and affordable alternative to gas generation by 2030.