Exploring Green Hydrogen Opportunities: Black & Veatch's Role in Malaysia's Low-Carbon Journey
Key Ideas
  • Black & Veatch collaborates with Malaysian energy companies TNB and Petronas to study green hydrogen commercialization pathways.
  • Malaysia aims to become a major hydrogen exporter in the Asia Pacific region by 2050, with a projected revenue of over $85 billion.
  • Black & Veatch emphasizes the importance of securing off-takers for green hydrogen to ensure the bankability of hydrogen projects.
  • The company highlights its extensive experience in EPC and technical knowledge in green hydrogen development, including over 80 years of work in hydrogen and ammonia production.
Malaysian energy giants Tenaga Nasional Berhad (TNB) and Petronas have engaged U.S. company Black & Veatch to explore the commercialization of green hydrogen in Malaysia. This initiative aligns with Malaysia's Hydrogen Economy and Technology Roadmap (HETR) as part of the nation's low-carbon energy ambitions. The study aims to provide insights on various aspects of green hydrogen, such as generation, transportation, distribution, and demand. Black & Veatch stresses the significance of finding viable off-takers to ensure the success of hydrogen projects, leveraging Malaysia's abundant renewable resources like solar and hydropower. With the goal of becoming a significant hydrogen exporter by 2050, Malaysia envisions substantial revenue growth driven by hydrogen-related activities. Black & Veatch's expertise in EPC and green hydrogen development positions them well to contribute to Malaysia's hydrogen economy. The company's focus on collaboration, renewable energy adoption, energy efficiency improvements, and advanced technologies underscores the commitment to a carbon-free future in Malaysia's energy transition.
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