HydrogenEN · PT

Nº206

Six priorities for hydrogen in Vietnam

Post commented onPost by Klaus Steven: “From offtakers to infrastructure: Six priorities for Vietnam’s hydrogen development” See the full post in the Linus publication ↗

The reposted material lists six priorities for hydrogen development in Vietnam and argues the strategy should not be measured only by tonnes produced, but by the economic, industrial and environmental value created within the energy system.

The official strategy, approved by Decision No. 165/QD-TTg of 7 February 2024, targets hydrogen production capacity from renewables or with carbon capture of about 100,000 to 500,000 tonnes a year by 2030, and 10 to 20 million tonnes a year by 2050, with hydrogen and hydrogen-based fuels reaching around 10% of final energy consumption in 2050.

The width of the 2030 target, one to five, is informative. A range that wide is not statistical caution, it is a buyer not yet defined. An electrolysis plant is sized by its purchase contract, not by the ceiling of a policy, and financing follows the contract.

That is why the order of priorities makes sense: the buyer first, then the infrastructure. Defining which Vietnamese sectors will buy hydrogen, under what obligation and at what price, is what turns a 100,000 to 500,000 tonne range into a number with a date.

SourcesGoverno do Vietnã, Decisão nº 165/QD-TTg, 07/02/2024, https://lnkd.in/eZFcYcEU

Original post. This analysis was published on the Linus Green Energy page on LinkedIn. Open on LinkedIn ↗