Many investors are interested and propose to invest in projects in Phu Yen.

Minh Thach D&L Green Hydro Joint Stock Company and SK Group (Korea) proposed to invest in a renewable energy project in Phu Yen.

Representative of Minh Thach D&L Green Hydro Joint Stock Company proposed to invest in the Green Hydrogen - Ammonia Production Plant Project

Representative of Minh Thach D&L Green Hydro Joint Stock Company (middle) proposed to invest in the Green Hydrogen - Ammonia Production Plant Project. Source: phuyen.gov.vn.

Ms. Ho Thi Nguyen Thao, Vice Chairman of Phu Yen Provincial People's Committee, recently had a working session with Minh Thach D&L Green Hydro Joint Stock Company regarding the Green Hydrogen - Ammonia Production Plant Project.

At the meeting, Minh Thach D&L Green Hydro Joint Stock Company proposed to invest in the Green Hydrogen - Ammonia Production Plant Project in Nam Phu Yen Economic Zone with an output of about 45,000 to 55,000 tons of hydrogen/year or 250,000 to 300,000 tons of ammonia/year; implemented using alkaline water electrolysis technology, ammonia synthesis using topsoe technology.

According to the proposal, the project implementation area is about 20 hectares in Hoa Tam Industrial Park (Dong Hoa town) and uses Bai Goc port to export goods and store liquid ammonia.

A representative of Minh Thach D&L Green Hydro Joint Stock Company said that the project's investment goal is to export to China, Korea, Japan and in the next phase will supply the domestic market.

In addition to bringing economic efficiency to businesses, developing the economy and increasing local budget revenue, the project also contributes to developing renewable energy, reducing CO2 emissions, combating climate change, aiming for sustainable development, ensuring national energy security...

Highly appreciating the investor's project proposal, Ms. Ho Thi Nguyen Thao, Vice Chairman of Phu Yen Provincial People's Committee, said that this is a project in the field of new energy, in line with the current economic development trend, aiming at environmental protection.

The Vice Chairman of Phu Yen Province requested that the investor clarify the progress of the project as well as prove its financial capacity. At the same time, the Vice Chairman of Phu Yen Provincial People's Committee also assigned departments and branches to study and carefully consider the investor's proposals and recommendations, ensuring that they are consistent with the national power development plan, the province's general plan, and land use plan, etc.

It is known that Minh Thach D&L Green Hydro Joint Stock Company belongs to Minh Thach Group (including 3 companies, along with Nam Binh Wind Power Joint Stock Company and Minh Thach D&L Construction Joint Stock Company); headquartered on the 2nd floor of The Sun building, Lot HH1, Me Tri Ha Urban Area, Nam Tu Liem District, Hanoi City.

According to the introduction on Minh Thach Group's website, the Bai Goc Ammonia Complex mentioned has a total investment of 1,052 billion USD.

Previously, on March 27, 2024, Mr. Ta Anh Tuan, Chairman of Phu Yen Provincial People's Committee, had a working session with representatives of SK Group of Korea.

At the meeting, representatives of SK Group highly appreciated the investment and development potential of Phu Yen province as they had visited and learned about investment opportunities in the province many times, typically in Song Cau town.

Chairman of the Provincial People's Committee Ta Anh Tuan worked with representatives of SK Group to propose exploring investment in the electricity sector in Phu Yen. Source: Ipec Phu Yen.

Mr. Ta Anh Tuan, Chairman of Phu Yen Provincial People's Committee, worked with representatives of SK Group to propose exploring investment in the electricity sector. Source: Ipec Phu Yen.

SK Group proposed to invest in LNG power ecosystem, Agricultural - Seafood Center (including wholesale market and processing center) in Phu Yen. With the proposals of SK Group, the Chairman of Phu Yen province assigned relevant departments and branches to create conditions for investors to survey and learn more specifically.

In addition, at the Conference connecting businesses and investors (within the framework of the Conference on Announcing Planning and Investment Promotion of Phu Yen Province in 2024) organized by the Department of Planning and Investment of this province on the afternoon of March 3, 2024, Ms. Tran Thi Phuong Lan, Director of Investment and Project Development in the Central Region of Central Retail Group expressed her desire to learn about the land fund to implement the Commercial Center Project in Phu Yen.

Source