This proposal, detailed in a recent disclosure by Binh Dinh Department of Planning and Investment on January 17, aligns with Vietnam's broader strategy to combat climate change and bolster renewable energy sources.

Erex to put $101 million into biomass plant in Vietnam, photo Erex.vn

With an estimated production capacity of 296.4 million kWh per annum, the proposed facility underscores a robust approach to green energy.

"Leveraging state-of-the-art stoker boiler technology and pure condensing steam turbines, our project promises both efficiency and environmental stewardship," an Erex representative said.

The project will require an investment of approximately VND2.4 trillion, equivalent to around $101 million.

The commitment highlights Erex's position in the region's rapidly evolving renewable sector. The selection of the project site, anticipated to span between 15 and 20 hectares, is already underway with a focus on areas that can offer optimal infrastructure connectivity and minimal ecological disruption.

"Our objective transcends energy production. We aim to curtail CO₂ emissions significantly, projecting a reduction of approximately 250,695 tonnes annually," the Erex spokesperson added.

This aligns with the stringent environmental norms the plant intends to meet, including controlled emissions of dust, nitric oxide, and sulphur oxide.

As for the developmental timeline, Erex targets initiating construction by 2027, with the subsequent phases of equipment procurement and installation to follow. The plant is expected to commence commercial operations by 2030.

Erex is also collaborating with Vietnam's Energy Institute under the Ministry of Industry and Trade. This partnership involves crafting specific criteria for the project and conducting essential site-selection research.