Hanoi (VNA) – Domestic and foreign investors have proposed investment in waste-to-energy projects in Vietnam's southern localities.
Ho Chi Minh City-based BNVITEK Ltd Company last month proposed to the municipal People’s Committee a project on developing a 20-ha factory in the city to turn 4,000 tonnes of waste into 100 MW daily.
Under the project, the company will sell carbon credits from collecting methane during its operation, contributing to realising the Net Zero goal by 2050.
In mid-July , BCG Energy, a member of conglomerate Bamboo Capital, kicked off construction on Tam Sinh Nghia waste-to-energy plant project in the city’s Cu Chi district after years of delays.
The plant, with an investment for the first phase reaching 6.4 trillion VND (254.5 million USD), is designed to treat 2,000-2,600 tonnes of waste each day.
Meanwhile, the municipal People’s Committee also granted an investment licence to Vietstar Company to build a 2,000-tonne waste-to-energy plant.
Moreover, the Ho Chi Minh City Urban Environment Ltd., Co. and the Refrigeration Electrical Engineering Corporation have announced their interest in investing in waste treatment projects with respective capacity of 1,000 tonnes of waste and 2,000 tonnes.
In Dong Nai province, which borders HCM city, domestic and foreign investors have also proposed developing waste-to-energy projects. They include Ecotech Vietnam Technology Investment and Trading Joint Stock Company and Le Delta Joint Stock Company.
In the first half of this year, the provincial leaders received two investors from Taiwan and Germany who came to seek investment opportunities in waste-to-energy development.
Willy Andreas Kirsch, Chairman of Germany’s Asia New Generation, said that his company plans to invest 40 million USD in invest in a plant capable of burning 400 tonnes of waste daily in its first phase. The capacity is expected to raise to 1,0🤡00 tonnes per day in the next phase./.
As landfill solutions become increasingly outdated, the development of waste-to-energy plants is expected to be the key answer to environmental problems.
In order to address the growing issue of pollution, Ho Chi Minh City has been launching various joint dissemination campaigns and activities with businesses to encourage its dwellers to reduce the use of single-use or non-degradable plastic bags, and collect and recycle plastic waste.
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