Bamboo Capital Starts Construction of Waste-to-Energy Plant in Ho Chi Minh City

On July 20, 2024, Bamboo Capital Group (HoSE: BCG) held the groundbreaking ceremony for the construction of the Tam Sinh Nghia Waste-to-Energy Plant in Thai My Commune, Cu Chi District, Ho Chi Minh City.

Reducing waste treatment pressure for Ho Chi Minh City

Statistics in 2023 show that the amount of household waste in Ho Chi Minh City is 9,800 tons/day, during peak holidays, the amount of waste increases to more than 11,000 tons/day.

BCG starts construction of waste-to-energy plant.

Looking at the whole country, Vietnam is among the 20 countries with the largest amount of waste, higher than the world average. Every day, the whole country is discharging about 60,000 tons of household waste into the environment, about 60% of which is from urban areas.

Domestic solid waste is one of the serious environmental problems in Vietnam, with an average growth rate of 6% per year in the period 2021 - 2030. Most of the waste is currently being treated by landfill, causing many environmental consequences such as groundwater pollution, soil pollution, odor emission, and leachate flowing into the environment.

Burning waste to generate electricity is currently the most effective solution to solve the current waste treatment problem while ensuring no environmental pollution, no impact on people's health and life. However, up to now, Ho Chi Minh City still has no waste to generate electricity plant in operation, waste treatment using traditional technology is causing many risks to the environment and is wasteful because heat cannot be recovered.

Understanding that situation and with the experience of a leading clean energy enterprise in Vietnam, on January 31, 2024, BCG Energy - a member company of Bamboo Capital Group acquired Tam Sinh Nghia Investment and Development Company, officially entering the waste-to-energy sector. Tam Sinh Nghia is a waste treatment enterprise in Ho Chi Minh City, Long An and Kien Giang. The company owns a license to convert technology to waste-to-energy incineration technology for factories in Ho Chi Minh City and Long An.

Mr. Pham Minh Tuan, Vice Chairman of BCG, General Director of Tam Sinh Nghia Company spoke at the project groundbreaking ceremony.

To realize the vision of building a modern waste-to-energy plant that is the leading in the region and the world, Bamboo Capital Group and its staff have continuously made their best efforts with serious investment and strong commitment.

Immediately after taking over Tam Sinh Nghia Company, Bamboo Capital Group and BCG Energy actively coordinated with the authorities to complete the necessary legal procedures. In addition, BCG Energy also urgently selected the most suitable optimal technology for the project and developed a factory design plan, sought technology partners as well as worked with general contractors with experience in the field of waste-to-energy incineration to find an effective construction plan in a short time.

With the above investment and efforts, especially with the strong support from the City government, on July 5, 2024, the Ho Chi Minh City Department of Construction officially granted construction license No. 31/GPXD to Tam Sinh Nghia Investment - Development Joint Stock Company. Accordingly, Tam Sinh Nghia Company is allowed to construct the project in phases: in which phase 1 builds the foundation and foundation beams of the following items: Waste-to-energy incinerator complex, Operation House, Canteen and staff accommodation) at the Tam Sinh Nghia Waste-to-Energy Incinerator Plant project. The following phases will be licensed along with the construction progress and progress of completing legal procedures.

Content	Describe
	Phase I	Phase II	Phase III
Waste treatment capacity (tons/day)	2000-2600	(Up to) 6000	(Up to) 8600
Power generation capacity (MW/day)	60	(Up to) 130	(Up to) 200
Annual grid electricity output (million kWh/year)	365	790	1,216
Number of households with access to electricity (households)	100,000	220,000	338,000
CO 2 emission reduction (ton/year)	257,000	534,000	882,000
Waste to energy technology	SUS-Hitachi ZosenVonroll	SUS-Hitachi Zosen Vonroll	SUS-Hitachi Zosen Vonroll
Total investment for each phase (billion VND)	6,400	7,000	7,000

Information about Tam Sinh Nghia Waste-to-Energy Plant

Waste-to-energy incineration is a modern technology that brings dual environmental and economic benefits. With a capacity of 2,000-2,600 tons of waste per day in phase 1, Tam Sinh Nghia Plant will help Ho Chi Minh City significantly reduce the pressure on waste treatment. About 20-25% of the total amount of waste discharged by Ho Chi Minh City each day will be treated with modern technology that does not pollute the environment and recovers heat for production and business purposes.

Speaking at the groundbreaking ceremony, Mr. Pham Minh Tuan - Vice Chairman of Bamboo Capital Group said that Tam Sinh Nghia Waste-to-Energy Incineration Plant will be built into a large-scale, modern factory and a center for training human resources and transferring technology on waste-to-energy incineration in the country.

Building Tam Sinh Nghia into a center for human resource training and technology transfer of waste-to-energy

The core technology that BCG Energy uses for the Tam Sinh Nghia Waste-to-Energy Incineration Plant is the most modern SUS-Hitachi Zosen Vonroll technology, which has been used in hundreds of waste-to-energy plants around the world. This technology is the optimal choice given the characteristics of domestic waste in Vietnam, which is mostly untreated, has high humidity, and low calorific value.

Even in places with strict environmental standards such as Japan, Taiwan, the United Arab Emirates, ... waste-to-energy plants using SUS-Hitachi Zosen Vonroll technology are still located in large, densely populated cities. The plant's waste treatment operations are completely closed, emissions into the environment are treated safely and do not affect people's lives at all.

After being burned with SUS-Hitachi Zosen Vonroll technology, the volume and mass of waste will be greatly reduced, and the heat generated from the burning process will become electricity for production and daily life. The amount of ash remaining after burning waste is a non-toxic waste that can be produced into construction materials. The amount of wastewater generated during the operation of the factory is collected, treated in a closed system and reused to cool the machinery system in the factory. The exhaust gas and fly ash generated during the burning process are treated with modern technology, superior to the EURO 2010 treatment standard, ensuring that it does not cause odors or air pollution when discharged into the environment.

Bamboo Capital Group and BCG Energy, together with technology partners, are committed to building and soon putting into operation the Tam Sinh Nghia Waste-to-Energy Incineration Plant with strict technical standards. Through this, Tam Sinh Nghia will become a model project, an environmental symbol of Ho Chi Minh City and a center for training human resources and transferring technology on waste-to-energy incineration nationwide.

In parallel with the construction of the Tam Sinh Nghia Waste-to-Energy Plant in Ho Chi Minh City, BCG Energy will soon implement the Waste-to-Energy Plant project in Long An and Kien Giang. BCG Energy is actively seeking opportunities to expand investment in waste-to-energy plants and other potential renewable energy projects in Vietnam.

Source: https://baodautu.vn/bamboo-capital-khoi-cong-nha-may-dot-rac-phat-dien-tai-tphcm-d220449.html