Malaysia's Ambitious Goal: Producing 2 Million Tonnes of Hydrogen Annually by 2030
Key Ideas
  • Malaysia plans to produce 2 million tonnes of hydrogen annually by 2030, scaling up to 16 million tonnes by 2050, with potential revenue estimated at RM905 billion by 2050 under the Emission Driven Scenario.
  • The Hydrogen Economy and Technology Roadmap (HETR) aims to transition Malaysia from grey hydrogen to green hydrogen, with a focus on decarbonizing critical sectors like power generation and transportation.
  • Financial incentives, subsidies, tax exemptions, and financing mechanisms are being implemented to accelerate the adoption of green hydrogen and make fuel cell electric vehicles more affordable.
  • Capacity building programs are being developed to equip industry professionals, researchers, and policymakers with the necessary skills to drive Malaysia's hydrogen economy forward.
Malaysia has set an ambitious target to produce two million tonnes of hydrogen annually by 2030, with plans to scale up to 16 million tonnes by 2050 under the Emission Driven Scenario. Science, Technology and Innovation Minister Chang Lih Kang emphasized that the successful implementation of the Hydrogen Economy and Technology Roadmap (HETR) will enable Malaysia to tap into the lucrative hydrogen market, with potential revenue estimated to reach at least RM905 billion by 2050. The shift towards hydrogen is seen as vital for tackling climate change, reducing dependence on fossil fuels, and protecting public health. The HETR outlines a transition from grey hydrogen to green hydrogen to decarbonize critical sectors such as power generation and transportation, aiming to reduce greenhouse gas emissions by up to 10%. To overcome cost challenges, blue hydrogen will play a crucial role in bridging the gap, especially in industries where emissions reduction is complex. The focus from 2030 to 2040 will be on enhancing the cost-competitiveness of green hydrogen through technological advancements and efficiency improvements. Various strategies, including financial incentives, subsidies, tax exemptions, and financing mechanisms, are being implemented to accelerate the adoption of green hydrogen. Plans are also in place to make fuel cell electric vehicles more affordable and to support hydrogen infrastructure projects. Additionally, capacity building programs are being developed to ensure that industry professionals and policymakers have the necessary skills to drive Malaysia's hydrogen economy forward. Overall, Malaysia's goal to become a significant player in the global green hydrogen market reflects a positive sentiment towards hydrogen as a key component in the country's transition towards a sustainable energy future.
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