PVPower NT2 to invest in liquefied carbon dioxide project

11:05, 25/05/2016

PetroVietnam Nhon Trach 2 Power JSC (PVPower NT2) has clinched a contract with Chemical Industry Engineering Corporation to execute a project to collect liquefied carbon dioxide from emissions by Nhon Trach 2 Power Plant for commercial purposes.

 

PetroVietnam Nhon Trach 2 Power JSC (PVPower NT2) has clinched a contract with Chemical Industry Engineering Corporation to execute a project to collect liquefied carbon dioxide from emissions by Nhon Trach 2 Power Plant for commercial purposes.

PVPower NT2 said in a statement that it had reaped positive preliminary results of producing liquefied carbon dioxide from emissions by Nhon Trach 2 Power Plant in the southern province of Dong Nai.

Under the contract, CECO will survey, collect and analyze relevant data, select appropriate technology, calculate investment cost and assess the economic efficiency of the project. The company will present results to PVPower NT2 three months after the feasibility study for the project is implemented.

The technology of collecting liquefied carbon dioxide has been applied worldwide. In Vietnam, liquefied carbon dioxide has not been collected from emissions by a power plant but from emissions by chemical-related plants like those producing sugar or ethanol.

Demand of enterprises in the machinery, ship building, steel and food sectors for liquefied carbon dioxide is huge, and local firms have to import from China at high prices. Therefore, PVPower NT2 wants to grasp the opportunity by implementing the project as it has sufficient resources of industrial emissions and a large market in the southeastern region.

The proposed project is expected to increase the operational efficiency of Nhon Trach 2 power plant and help reduce environmental pollution.

(Source:SGT)