Potential market and impact of clean hydrogen development to 2050 in Vietnam
Abstract
Hydrogen plays an important role in the energy transition towards a zero-carbon economy. Blue hydrogen and green hydrogen are potential sources to replace fossil materials and fuels in the fields of refining - petrochemical, production of fertiliser, steel, cement, electricity, and transportation. The potential demand for clean hydrogen in these areas has been evaluated along with the impacts and benefits of hydrogen development. Accordingly, the potential hydrogen market can reach an output of 22 million tons/year by 2050. The development of hydrogen in the fields will create new markets with a total value of USD 100 billion in 2035 and USD 1,200 billion in 2050. In terms of the environment, replacing fossil materials and fuels with hydrogen reduces the total national CO2 emissions by 5.4%. In order to develop and complete the hydrogen value chain in Vietnam, it is necessary to set goals and roadmaps along with appropriate policies. Recognising the importance of hydrogen to the operation of the oil and gas and energy sectors in general, the Vietnam Oil and Gas Group (PVN) has developed a scientific research programme on the development of production, storage, transportation, distribution, and efficient use of hydrogen in Vietnam in the 2021 - 2025 period.
References
BP, “Statistical review of world energy”,69th edition, 2020.
GreenID, “Analysis of future generation capacity scenarios for Vietnam”, 2017.
Huyền Trang và Đức Quyền, “Báo cáo thị trường thép năm 2020”, Vietnambiz, 2021.
Briefing and European Parliament, “The potential of hydrogen for decarbonising steel production”, 2020.
VCBS, “Cement industry outlook report”, 2021.
Research on Batteries, “Charging stations for electric vehicles and evaluation of hydrogen impact on PVOIL's production and business”, VPI, 2021.
Nguyen Huu Luong, “Current status of hydrogen production and uses in PVN”, 4 th Asia Pacific Meeting on Near Surface Geoscience & Engineering, 2021.
Tập đoàn Dầu khí Việt Nam, Phê duyệt khung “Chương trình nghiên cứu khoa học dài hạn giai đoạn 2021 - 2025 của Tập đoàn Dầu khí Việt Nam”, Quyết định số 3379/ QĐ-DKVN ngày 17/6/2021.
Nguyễn Hữu Lương, Nguyễn Thị Châu Giang, và Huỳnh Minh Thuận, “Sản xuất hydro từ các nguồn tái tạo và sử dụng trong các nhà máy chế biến dầu khí tại Việt Nam”, Tạp chí Dầu khí, 11, trang 37 - 55, 2020. DOI: 10.47800/PVJ.2020.11-04.
1. The Author assigns all copyright in and to the article (the Work) to the Petrovietnam Journal, including the right to publish, republish, transmit, sell and distribute the Work in whole or in part in electronic and print editions of the Journal, in all media of expression now known or later developed.
2. By this assignment of copyright to the Petrovietnam Journal, reproduction, posting, transmission, distribution or other use of the Work in whole or in part in any medium by the Author requires a full citation to the Journal, suitable in form and content as follows: title of article, authors’ names, journal title, volume, issue, year, copyright owner as specified in the Journal, DOI number. Links to the final article published on the website of the Journal are encouraged.
