[SMM Iron & Steel] Hoa Phat Boosts Green Energy at Dung Quat Steel Complex

Published: Mar 26, 2026 13:29

Save

Vietnamese steelmaker Hoa Phat Group has officially launched the second phase of a massive rooftop solar project at its Dung Quat steelmaking complex to enhance energy self-sufficiency and lower carbon emissions. This 22.5 MWp installation spans rolling mills, the hot-rolled coil production unit, and warehouses, generating roughly 32.8 million kWh annually. Set for full completion across five phases by the second quarter of 2027, the $22.7 million initiative will reach a total capacity of 79.2 MWp, cutting carbon emissions by more than 78,000 metric tons per year and improving the mill's export competitiveness in carbon-regulated markets like the EU.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 hours ago

[SMM Steel] Indian government approves $42 million for green hydrogen steel pilots

[SMM Steel] On March 26, 2026, the Indian government approved $42 million in funding for three pilot projects to produce steel using green hydrogen. Part of the National Green Hydrogen Mission, these projects will be completed within three years by Matrix Gas Renewables, Simplex Castings, and SAIL. The pilots will test 100% hydrogen use in Direct Reduction Iron (DRI) and hydrogen injection in blast furnaces to significantly reduce coal and coke consumption.

10 hours ago

Anhui Panhua New Materials Cold-Rolling Project Pickling Line and Hot-Dip Galvanizing Line Commence Production

Recently, the first coils were successfully rolled off the pickling line and hot-dip galvanizing line of the cold-rolling project of Anhui Panhua New Materials Co., Ltd., for which China National Heavy Machinery Research Institute Co., Ltd., a subsidiary of SINOMACH Heavy Equipment Group, served as the EPC contractor, marking the successful commissioning of the project.

10 hours ago

11 hours ago

Core Equipment for Meishan Iron & Steel’s 1,422 mm Hot Rolling Production Line Commissioned

Recently, the finishing mill unit and sizing press developed by Erzhong Equipment, a subsidiary of SINOMACH Heavy Equipment, for Meishan Iron & Steel’s 1,422 mm hot rolling production line were successfully commissioned. The equipment has been operating stably, with all performance indicators leading the industry, and has received high recognition from the owner.

11 hours ago