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 renewable energy project development, manufacturing and services, TGS leads efforts to harness green energy in Vietnam for the manufacture of green hydrogen and green ammonia. As one of the world’s leading hydrogen energy development companies, Black & Veatch brings a wealth of knowledge and experience to the project.
Hydrogen can be used to generate electricity, store energy, and provide cutting-edge transportation. While ammonia, which can be liquefied and shipped around the world, can be used to produce electricity or other green chemicals in a variety of energy-intensive industries.
Black & Veatch and TGS have agreed to work together to produce 180,000 metric tons of green ammonia and 30,000 metric tons of green hydrogen annually to aid in regional decarbonization efforts.
TGS has appointed Black & Veatch to study the production and storage of green hydrogen in Vietnam utilizing solar or wind power supplied through the grid. In addition, a green ammonia production plant is being developed, as is a plant configuration and technology review, technology evolution risk and tentative mitigation, conceptual design, order of magnitude cost estimates and levelized cost calculations. Augustus Global Investments will provide the initial development funding for the project.
The MoU responds to Asia’s optimism for green fuels such as hydrogen and ammonia. According to Black & Veatch’s 2022 Asia Electric Report, 73 percent of respondents believe that hydrogen will help meet carbon emissions goals beyond 10 years from now – more than any other technology. In addition, 46% of respondents believe it will take off as a clean and affordable alternative to gas generation by 2030, according to the study.
As a global engineering, procurement, consulting, and construction partner, Black & Veatch has strong experience 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 selection of cost-effective storage technology.