Finnish firm pours over 33 mln USD into clean energy project in Hanoi

11:25 | 28/11/2017 Industry Follow Ven.vn on

Kimmo Tuppurainen, sales director for Southeast Asia for Watrec, said his company has launched a clean energy project worth 30 million EUR (more than 33 million USD) in Hanoi.

Finnish firm pours over 33 mln USD into clean energy project in Hanoi

Vietnam has a lot of potential to develop clean energy projects - Illustrative image, source: Internet

The waste-to-energy project is designed to treat some 600 tonnes of waste per day, he said.

It aims to collect, classify and convert urban solid waste into biogas and other materials to produce electricity, he added.

Watrec is negotiating with partners to arrange capital for the project.

Watrec is a leading biogas technology company in Finland, which treats 31,500 tonnes of organic waste each year.

The waste-to-energy project in Hanoi is intended to manage mixed waste without classification and treat urban solid waste, Tuppurainen noted.

Saku Liuksia, Finpro’s programme manager of waste-to-energy and bioenergy, said Vietnam has a lot of potential to develop clean energy projects from urban waste and agro-forestry waste products.

FinPro has focused on converting waste into energy and bioenergy in Vietnam for about two years, so it understands the country’s challenges and potential, he said.

In fact, many Finnish businesses have invested in this sphere in Vietnam and made progress.

The Doranova company is building a landfill treatment factory worth 6 million EUR (7 million USD) on the outskirts of Ho Chi Minh City, aiming to convert 35,000 tonnes of waste into energy.

A year ago, Doranova was one of the Finnish enterprises to implement a waste-to-energy project in the southern province of Binh Duong.

Matti Miinalainen, Valmet’s director for Asia Pacific & China, said Vietnam is a priority investment destination for Valmet.

He suggested defining the feasibility of projects and introducing new technologies to customers.

A representative from FinPro said Finnish businesses will work with Vietnamese companies and transfer technology to local firms.

VNA

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