Black & Veatch to Lead Feasibility Study on Green Hydrogen Commercialization in Malaysia
Key Ideas
  • Black & Veatch will be studying green hydrogen commercialization pathways in Malaysia to support the country's low-carbon energy goals.
  • The study aims to validate previous findings and provide insights on various aspects of green hydrogen generation, transportation, and demand.
  • Malaysia's vision to be a major hydrogen exporter by 2050 aligns with the strategic collaboration between Black & Veatch, TNB, and PETRONAS.
Black & Veatch, a global leader in critical infrastructure solutions, has been appointed by Malaysian energy companies Tenaga Nasional Berhad (TNB) and PETRONAS to lead a feasibility study on green hydrogen commercialization. The study aims to explore the potential of Malaysia's abundant renewable resources, such as solar and hydropower, in shaping a hydrogen economy over the next decade. By leveraging its expertise in hydrogen and ammonia production, Black & Veatch will provide insights on the entire value chain of green hydrogen development. The collaboration highlights Malaysia's commitment to realizing its Hydrogen Economy and Technology Roadmap (HETR), with a goal to become a significant hydrogen exporter in the Asia Pacific region by 2050. The projected revenue from this endeavor is expected to exceed RM400 billion (USD 85 billion). Black & Veatch's experience in delivering sustainable energy solutions positions them well to support Asia Pacific's growing energy needs through green hydrogen initiatives. This initiative underscores the importance of securing viable off-takers for green hydrogen to ensure the bankability of hydrogen projects. Black & Veatch's track record of innovation and reliability in the energy sector further strengthens its position to contribute to Malaysia's vision for a flourishing green hydrogen economy. The study will provide strategic, technical, and commercial insights essential for the successful development and deployment of green hydrogen technologies in Malaysia.
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