Honeywell secures job on green hydrogen project in Vietnam

Honeywell International Inc (NYSE:HON) is set to get involved in Vietnam's first green hydrogen production plant by providing its smart solutions for energy storage to allow the integration of renewables into the facility.

The US firm said today that it has signed a memorandum of understanding (MoU) with The Green Solutions Group Corporation (TGS) to provide its battery energy storage systems (BESS) technology, among other solutions and expertise.

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Spanning a terrain of more than 20 hectares, the Tra Vinh Green Hydrogen project is being built within the Mekong Delta with the idea of becoming a local green energy hub. The plant will produce green hydrogen through the process of seawater electrolysis, initially targeting an output of 24,000 tonnes of hydrogen and 195,000 tonnes of medical-grade oxygen per year.

A ground-breaking ceremony for the project, which is estimated at VND 8 trillion (USD 327m/EUR 303m), was held in March 2023. Construction works are expected to be finalised within two years.

(VND 10,000 = USD 0.409 /EUR 0.379)