The agreement is a significant step towards
developing Vietnam's first net
zero industrial parks and mobilizes provincial action plans to
support national decarbonization goals.
HOUSTON, Aug. 16,
2023 /PRNewswire/ -- At a conference on the
Master Plan Announcement and Investment Promotion of Long An Province, Vietnam, Energy Capital Vietnam (ECV),
SaigonTel (HOSE: SGT), Allotrope Partners LLC, Chart
Industries, Inc. (NYSE: GTLS), and Babcock &
Wilcox (NYSE: BW) signed a cooperation agreement to develop
Vietnam's first net zero
industrial parks and advance its national carbon emissions
goals.
Prime Minister Phạm Minh Chính delivered remarks during the
conference, which was also attended by former President Trương Tấn
Sang and other past members of the Politburo, as well as current
government officials and industry leaders.
Under the agreement, the partners will focus on developing and
implementing net zero strategies at SaigonTel's Tan Tap and Nam Tan
Tap Industrial Parks. This will also serve as a foundation for
developing a broader provincial roadmap for Long An to reach net zero emissions by
2050.
"ECV is proud to join this powerful decarbonization consortium
that will contribute to Vietnam's
national net zero goals while preserving economic growth through
energy security," said David Lewis,
Chairman and CEO of Energy Capital Vietnam. "We are truly honored
to work with Marc Stuart and the
Allotrope team to develop pragmatic pathways to decarbonize
industrial parks and provincial master plans. Long An Province will be at the forefront of
low and no-carbon manufacturing facilities in Vietnam."
Marc Stuart, Founder and CEO of
Allotrope Partners, said, "I was impressed by the caliber of the
conversations regarding decarbonization at the event. They were
among the most sophisticated and nuanced I've had in 30 years in
the field. We're excited to partner with this incredible group of
leaders to take this step for meaningful decarbonization in one of
the most productive industrial baskets in the world. Thanks
to SaigonTel and the Energy Capital Vietnam team for tireless work
bringing all the pieces together."
Lewis continued: "One of ECV's three focus areas is climate and
the environment. Working with the experts at Allotrope Partners and
a blue-chip company like SaigonTel enables us to bring this model
to additional provinces and demonstrates our commitment to core
values and delivering practical energy solutions in Vietnam."
About ECV:
Energy Capital Vietnam (ECV) is a Houston, Texas-based project development and
holding company established as a platform for direct investment
into Vietnam's energy and
infrastructure sectors. Learn more at: www.ecvholdings.com
About Allotrope Partners:
Allotrope Partners invests in projects and companies engaged in the
clean economy transition. For the past five years, Allotrope has
led deep engagement in Vietnam
supporting industrial companies on clean energy and decarbonization
solutions. This includes advancing aggregated commercial and
industrial rooftop solar projects in Vietnam and leading a consortium of partners
to install Vietnam's first
behind-the-meter battery energy storage system. Learn more at:
www.allotropepartners.com
Contact:
Frank De Maria
fdemaria@ecvholdings.com
+1 347 647 0284
Elie Jacobs
ejacobs@ecvholdings.com
+1 646 330 2585
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SOURCE Energy Capital Vietnam