The Economic and Industrial Zones Authority of Thua Thien-Hue province in central Vietnam has called for investment in a VND32 trillion (USD 1.29bn) steel plant project in the Chan May-Lang Co Economic Zone.
The Chan May green steel project will cover 236.5 hectares in the Free Trade Zone within the economic zone, building a plant for producing hot-rolled coil (HRC) and high-quality technical steel, with a capacity of about 3 million tons per year.
Its life cycle is up to 70 years from the date of securing in-principle approval.
The construction is scheduled to start in Q3/2025 after completing investment preparations, compensation, and site clearance procedures. The project is expected to become operational by Q2/2028.
It will employ advanced and modern technology from Europe and/or G7 and G20 economies; maximize resource, fuel, and energy efficiency; and use clean electricity and fuels like LNG and LPG.
All wastewater from production must be recycled. Its raw materials will be pig iron, scrap steel, and sponge iron, and exclude iron ore or other types of ore.
Investors must submit their applications to the provincial Economic and Industrial Zones Authority by 4 p.m., September 26, 2024.
