(AOF) – HDF Energy has signed a memorandum of understanding with PetroVietnam Technical Services Corporation (PTSC) to jointly develop, finance and build HDF’s Renewstable and HyPower hydrogen power plants in Vietnam. In addition, the two partners will jointly explore green hydrogen production opportunities in Vietnam and the Asia-Pacific region. Through this memorandum of understanding, the two parties will combine their efforts and expertise to develop, finance and implement HDF’s multi-megawatt hydrogen power plant projects.
In addition, HDF and PTSC will jointly explore green hydrogen production opportunities in Vietnam and other countries in the region such as South Korea, Japan and Singapore. They will mainly examine offshore wind turbine projects, making it possible to produce green hydrogen in order to decarbonise local industries.
This cooperation is part of PDP8, Vietnam’s energy plan for the period 2021-2030, highlighting in particular the role of hydrogen in achieving the country’s carbon neutrality objective by 2050.
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