POTENTIALS FOR DEVELOPMENT
OF CCUS & HYDROGEN VALUECHAINS IN VIETNAM
Tokyo, January 25, 2024

POTENTIALS FOR DEVELOPMENT OF
CCUS VALUE CHAIN IN VIETNAM

CCUS & Hydrogen Value Chains in Vietnam | 2

CCUS Value Chain

CCUS & Hydrogen Value Chains in Vietnam | 3

CCS Opportunities in Vietnam

Song HongBasin~ 39 Gigatons

North• Capture: Steel, Power, Hydrogen• Storage: Onshore Saline
Formation

Southeast• Capture: Power, Petrochemical• Storage: Depleted Oil & Gas
Field, Onshore Saline Formation

North Central Coast• Capture: Steel, Power, Gas Fields(Bao Vang, Ken Bau, Ca VoiXanh)• Storage: Offshore Saline
Formation in Southern Song HongBasin

Nam Con Son Basin• Capture: Import by Ship
• Storage: Depleted Oil & Gas Field
Mekong River Delta• Capture: Power, Block B Gas
Field• Storage: Onshore Saline
Formation

Cuu LongBasin~ 10 Gigatons

CCUS & Hydrogen Value Chains in Vietnam | 4

http://ccus.oilgas.ai/

Nam Con Son
Basin~ 22 Gigatons

Potential CO2 Conversion in Vietnam by 2030
Production with CO2Conversion(MTA Product)

CO2 Conversion
Volume (MTA CO2)

Urea (*)

1.602.215

Integration

Commercialization

Large

Methanol

0.70

1.375

Integration

Semi-commercialized/Pilot

Large

Ethanol (*)

0.44

0.84

Integration

Pilot

MediumDME (*)

2.70

7.00

Integration

Commercialization

Large

PE

1.00

10.80

Integration

Commercialization

Large

PP

1.75

16.20

Integration

Commercialization

Large

PS

0.53

5.70

Integration

Commercialization

Large

Other Chemical

0.15

1.50

Integration

Commercialization

Medium

CNTs

0.004

0.008

Integration

R&D/Pilot

Small

Concrete

20.0

0.500

Linkage

Pilot

MediumSectorIntegration
capabilities of PVN

Maturity of Technology

Size(*) still emit CO2 when in use- 36.8 MTA CO2
CCUS & Hydrogen Value Chains in Vietnam | 5- 6% CO2emission (2030)

Implementation of CCUS projects in VietnamCostReduction

RevenueIncrease• Scale up capacity such as hubs orclusters• CO2 Capture (~70-80% of CCUS cost):
 Promote revolutionarytechnology
 Give priority to factories withhigh CO2 concentration
 Convert combustion technology• Use directly from exhaust smoke• Sell Carbon credits for:
 Foreign companies fromJapan, Korea, Singapore Domestic company
related to CBAM
• Corporate income tax deduction• Green low-interest loans

CCUS & Hydrogen Value Chains in Vietnam | 6

Legal Clarity• Supplement existing law or newlaw• Standards for CCUS projects• Government incentives• Carbon pricing such as carbon
market, carbon tax

POTENTIALS FOR DEVELOPMENT OF
HYDROGEN VALUE CHAIN IN VIETNAM

CCUS & Hydrogen Value Chains in Vietnam | 7

CURRENT HYDROGEN MARKET IN VIETNAM
160

 Hydrogen is produced and used
onsite at refineries and fertilizer plants
with its total capacity of 500 KTA &PVN’s capacity makes up 80%;140120100

 A very small amount of hydrogen isused for steel, glass, electronics, andfood industries (~0.5% of the totalhydrogen capacity);

806040200Dung QuatRefinery

Nghi Son Refinery Phu My Fertilizer Ca Mau Fertilizer
Plant
Plant

Ninh Binh
Fertilizer Plant

Ha Bac Fertilizer
Plant

Hydrogen capacity at refineries and fertilizer plants (KTA)
VPI, 2022
CCUS & Hydrogen Value Chains in Vietnam | 8 Hydrogen is produced from fossil
fuels  grey/brown hydrogen; A complete hydrogen value chain has
not been established at large scale.

FORECASTED HYDROGEN MARKET IN VIETNAM
From solar power (GW)

From wind power (GW)

2030

2050

2030

PotentialRE

963

963

PDP821189

28169

Extra RE

943

774

793

652

35,00029,72530,0002050

25,000821

KTA

20,00015,00010,000Potential oftheoreticalproductivityof greenhydrogen

40 million
tons

33 million
tons

66 million
tons

55 million
tons

7,976

5,000
1,699
-87

2025

2030

Phânbón
Fertilizer

PDP8, 2023

CCUS & Hydrogen Value Chains in Vietnam | 9Lọcdầu
Refining2035
ĐiệnPowerGTVTMobility

2040
SteelThép

CementXi măng2050
Total
Tổng

VPI, 2023

PVN’S DIRECTIONS FOR HYDROGEN DEVELOPMENT

Technologies forhydrogen production,
storage andtransportation

Integration ofblue/green hydrogen in
PVN’s refineries,
petrochemical, andpower plants

Strategy and roadmap
on hydrogendevelopment

Demonstration ofhydrogen value chain inVietnam

CCUS & Hydrogen Value Chains in Vietnam | 10

After 2030, PVN
is participatingin value chain ofblue/greenhydrogen.

Thank you