On August 21 in Ho Chi Minh City, the Consulate General of Canada in Ho Chi Minh City coordinated with the Canada-ASEAN Business Council to organize the Canada-Vietnam Clean Energy Cooperation Forum. Hydrogen Vietnam ASEAN Club participated in this event along with a welcome party to celebrate the 50th anniversary of the establishment of diplomatic relations between Vietnam and Canada.
News from VNA
The event aims to connect the private sector of Vietnam and Canada on cooperation in clean energy development, through which Canada can contribute to the JETP (Equitable Energy Transition Partnership) to help Vietnam achieve its goals. achieve net zero emissions by 2050.
Many cooperation solutions in this field between the two countries were introduced by experts at the forum.
At the forum, Mr. Ranjith Narayanasamy, President and CEO of Petrochemical Technology Research Institute - PTRC, said that carbon capture, use, storage and recycling (CCUS) technology plays an important role in reducing carbon reduce greenhouse gas emissions and develop clean energy.
With 22 years of experience, PTRC has implemented many efficient CO2 storage projects, such as the Aquistore project at Boundary Dam Thermal Power Plant (Saskatchewan province, Canada).
This is a thermal power plant that successfully applies CO2 capture and storage technology.
CO2 during plant operation is recovered through a pipeline system and stored in the ground with a depth of 3.4km. Currently, the total amount of CO2 stored at the project is over 500,000 tons.
In Vietnam, PTRC also participates in this technology pilot research project funded by the Asian Development Bank (ADB).
PTRC participates in consulting the geologically suitable areas for CO2 storage and supports technology transfer.
However, many delegates who are domestic enterprises also expressed concern when the development and application of CCUS technologies in Vietnam are still facing many challenges, requiring testing and experimentation. point at large scale, high investment capital.
Michael Smart, Business Development Manager for Asia-Pacific, Export Development Canada (EDC), said EDC has unique financing solutions for climate projects.
As a state corporation under the Government of Canada, EDC provides loans related to green and sustainable growth.
Since 2012, EDC has provided more than 35 billion Canadian dollars for clean technology application projects.
According to Boris Jacouty, Director of Business Development and Infrastructure, Trade Promotion Agency of Canada (CCC), CCC helps foreign partners find opportunities to cooperate with Canadian businesses and benefit from the facility. performance guarantee by the Government of Canada.
CCC will stand to sign contracts to guarantee the performance of contracts of Canadian enterprises with foreign partners.
In the period 2021-2022, the total value of contracts supported by CCC reaches 6.5 billion USD.
According to the Canadian Consulate General in Ho Chi Minh City, the equitable energy transition partnership agreement - JETP that Vietnam signed with the G7 countries; in which, Canada will mobilize 15.5 billion USD of financial resources from the private sector and government over the next 3-5 years to support Vietnam's green transition.
Some pictures in the Canada-Vietnam Clean Energy Cooperation Forum
At the event to celebrate the 50th anniversary of the relationship between the two countries, the Ministry of Foreign Affairs of Vietnam and the Canadian Chamber of Commerce signed a cooperation agreement
VAHC Club took a photo with the President of the Energy Council of Canada, Mr. Jacob Irving
VAHC Club took a photo with Ms. Nguyen Thi Be, Executive Director of the Canada-ASEAN Business Council (Canada-ASEAN Business Council/CABC), the organizer of this forum
Mr. Le Ngoc Anh Minh, representative of VAHC Club, took a photo with Mr. Zach Herbers, Executive Director of the Canadian Chamber of Commerce in Vietnam (CanCham)
