SINGAPORE–(BUSINESS WIRE)–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.
Specializing in the development, manufacturing and services of renewable energy projects, TGS is leading efforts to harness green energy in Vietnam for the manufacture of green hydrogen and green ammonia. Black & Veatch, a global leader in hydrogen energy development, brings its extensive expertise in clean energy technologies and ammonia processing to the project team.
“The Green Solutions is committed to applying the most advanced renewable energy technologies in Vietnam. Our partnership with Black & Veatch will enable us to adapt global best practices to Asia’s requirements and contribute to the region’s zero-carbon future,” said Winnie Huynh, Founder and CEO of TGS.
Hydrogen can be used for power generation, energy storage and advanced transportation solutions. While ammonia, which can be liquefied for storage and shipping around the world, can be used in multiple energy-intensive industries to produce electricity or other green chemicals.
Under the MoU, Black & Veatch and TGS aim to produce 180,000 tonnes of green ammonia and 30,000 tonnes of green hydrogen per year to support regional decarbonization efforts.
TGS has appointed Black & Veatch to study the production and storage of green hydrogen in Vietnam using grid-supplied solar or wind power. The study also includes the development of a green ammonia production plant as well as plant layout and technology review, technology development risk and interim mitigation, conceptual design, l order of magnitude cost estimates and updated cost calculations. Augustus Global Investments will provide initial development funding for the project.
“Given our 80 years of experience in hydrogen and ammonia production in the fertilizer industry, we bring our expertise to all stages of hydrogen infrastructure projects – from technical advisory services and from design to operations.As a pioneer in serving customers across the hydrogen and ammonia value chains, Black & Veatch looks forward to partnering with sustainability-focused companies like The Green Solutions as we pursue our shared passion for decarbonizing energy in Asia by expanding the use of green hydrogen and green ammonia,” said Narsingh Chaudhary, executive vice president and general manager, Asia Pacific, Black & Veatch.
“Augustus integrates environmental, social and corporate governance (ESG) factors into our investment and portfolio management processes. We are delighted to support forward-thinking companies such as The Green Solutions and Black & Veatch in their efforts to realize Asia’s decarbonization ambitions,” said Fadi Krikor, Founder and CEO of Augustus Global Investments.
The MoU responds to Asia’s optimism for green fuels such as hydrogen and ammonia. According to Black & Veatch’s Asia Electric 2022 report, 73% of respondents believe hydrogen will help meet carbon emissions targets beyond 10 years – more than any other technology. Additionally, the report also reveals that 46% believe it will become a clean and affordable alternative to gas generation by 2030.
As a global engineering, procurement, consulting and construction partner, Black & Veatch has a strong track record in the development of renewable energy and natural gas feedstocks; water treatment for industrial applications; hydrogen generation and purification; hydrogen compression, handling and power generation; and the selection of cost-effective storage technology.
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About Black & Veatch
Black & Veatch is a 100% employee-owned global engineering, procurement, consulting and construction company with more than 100 years of experience in sustainable infrastructure innovation. Since 1915, we’ve helped our customers improve the lives of people around the world by improving the resilience and reliability of our most critical infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social networks.