Hoa Sen Group cooperates with SP Group in clean energy project to avoid emissions of more than 14,000 tons of CO₂ per year

Hoa Sen Group and SP Group have officially started the implementation of an industrial refrigeration system at the Hoa Sen Phu My Steel Plant and the Hoa Sen Nghe An Plant with a capacity of 1,900 RT under the Cooling-as-a-Service (CaaS) model. CaaS is a modern and flexible refrigeration solution developed by SP Group. Hoa Sen Group is the first enterprise in Vietnam to cooperate with SP Group to deploy this technology solution. The system is expected to be operational in the second quarter of 2026.

Previously, Hoa Sen Group cooperated with SP Group to deploy rooftop solar power systems at some of Hoa Sen Group's factories nationwide. The system was put into operation at Hoa Sen Phu My Steel Plant in March 2025 and at Hoa Sen Nghe An Plant in June 2025 with a total capacity of 17.6 MWp.

Hoa Sen Factory in Nghe An

The synchronous implementation of two clean energy solutions at the two largest manufacturing plants of Hoa Sen Group not only contributes to reducing production costs and improving operational efficiency, but also affirms Hoa Sen's pioneering role in proactively greening production activities. This is also an important step forward, demonstrating Hoa Sen Group's strong commitment to the goal of sustainable development associated with environmental protection, thereby enhancing competitiveness and meeting the increasingly stringent market requirements on environmental standards and emissions in the supply chain of goods.

It is estimated that each year the system will help reduce more than 30% of electricity consumption for cooling; Avoid emitting more than 14,000 tons of CO₂, equivalent to the emissions of about 3,300 cars in circulation, or equivalent to the amount of electricity supplied to about 3,900 households in Vietnam.

Mr. Nguyen Minh Phuc - Deputy General Director of Hoa Sen Group shared: "The conversion to clean energy, investment in power grid infrastructure, cooling systems and energy-saving solutions to serve production activities at Hoa Sen Group's factories nationwide has shown our strong determination in implementing a sustainable development strategy associated with environmental protection, efforts to green production, contributing and accompanying the Vietnamese Government to promote the country's common goal of reducing net emissions to 0 (Net Zero) by 2050."

Mr. Brandon Chia - Managing Director of Sustainable Energy Solutions in Southeast Asia, SP Group shared: “This is SP Group's first CaaS deployment project in Vietnam and is an important milestone in promoting sustainable cooling solutions in the industrial production sector. By providing an integrated and efficient model between cooling solutions and solar power systems, we support customers such as Hoa Sen Group to reduce greenhouse gas emissions while still ensuring operational efficiency. SP Group hopes to continue expanding this model to many other partners in the industrial production sector in the Vietnamese market in the near future.”

Along with clean energy conversion projects, Hoa Sen Group has also proactively implemented many solutions for efficient energy management and use, applying advanced technology to reduce production costs and improve product quality. At the same time, Hoa Sen Group also focuses on training, coaching and internal communication to raise awareness of energy management and environmental protection for all officers and employees.

Hoa Sen Group is the leading manufacturer and trader of corrugated iron, steel pipes, plastic pipes and distributor of construction materials in Vietnam and the leading exporter of corrugated iron and steel in Southeast Asia, owning a production system of 10 large factories and a distribution system of more than 10 branches - retail stores nationwide, along with an export channel network to more than 90 countries and territories worldwide.

SP Group is a leading energy group in the Asia-Pacific region, pioneering the future of energy through smart, low-carbon solutions. SP Group owns and operates electricity and gas transmission and distribution networks in Singapore and Australia. As the national grid operator of Singapore, SP Group currently serves approximately 1.7 million industrial, commercial and residential customers with world-class transmission, distribution and market support services.

Source: https://hoasengroup.vn/vi/bai-viet/tap-doan-hoa-sen-hop-tac-voi-sp-group-trong-du-an-nang-luong-sach-giup-tranh-phat-thai-hon-14-000-tan-co2-moi-nam/