Federal International (2000) has entered into a memoranfum of understanding (MOU) with The Green Solutions Group (TSG). Federal will support TSG in the procurement of equipment and co-explore alternative transportation solutions. The parties also intend to collaborate and explore business opportunities of clean energy alternatives by using green hydrogen technologies.
TSG is a leader in harnessing green energy in Vietnam for the manufacture of Green Hydrogen and Green Ammonia.
Under this partnership, the dup intend to develop TSG’s Green Hydrogen manufacturing plant in Vietnam. The plant will produce Green Hydrogen and Green Ammonia using sustainable wind and solar energy. In addition, both companies shall explore the opportunities to export Green Hydrogen and Green Ammonia to South-East Asia countries.
TGS has commenced the initial stage of development of the Plant. TGS plans to install a 200 MW electrolysis Plant in Tra Vinh province, Vietnam, to produce 150,000-180,000 MT of Ammonia per year and 30,000 MT of Green Hydrogen per year. This plant is targeted to commence production in 2024.
There are plans to develop additional projects in the Mekong Delta region with similar capacity. Each plant may be upscaled to 500MW in the second stage and further develop projects in the Central Highlands of Vietnam to supply Green Hydrogen for domestic consumption.
Shares in Federal closed at 8 cents on Mar 22.
See also: UOB signs MOU with Shanghai Gold Exchange to connect China’s gold supply chain to Asean markets
Photo: Stock
