The possibility of integrating green hydrogen into Ca Mau Fertilizer Plant
Abstract
The trend of energy transition, reduction of greenhouse gas emissions reduction and production of green products production including green hydrogen is strongly developing in the world and is expected to grow in Vietnam after 2030 when the Vietnamese Government implements mechanisms and policies to implement fulfill the commitment to achieve net zero CO2 emissions by 2050.
According to VPI's research results, Ca Mau Fertilizer Plant can integrate the production and use of 10% green hydrogen to reduce natural gas consumption and CO2 emissions with the total after-tax investment of about 3,209 billion VND (equivalent to about 137 million USD). In order for the plants to invest in production and use of green hydrogen, competing with gray hydrogen, it is necessary to have mechanisms and policies to promote the production and consumption of green hydrogen such as DPPA, carbon market and carbon tax policy, tax incentives in project construction investment.
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