Hydrexia and ISHSB Form Joint Venture for Hydrogen Refueling Station in Malaysia
Key Ideas
- Hydrexia and ISHSB have signed a Heads of Agreement to form a joint venture for developing hydrogen refueling stations and storage solutions in Malaysia.
- The joint venture will focus on operating and maintaining hydrogen refueling stations and storage at the Rembus depot for the Automated Rapid Transit System.
- The partnership aims to leverage the technological strengths of both companies to meet the growing hydrogen business needs in Malaysia.
- This collaboration signifies Hydrexia's commitment to expanding its market presence in Malaysia and serving the hydrogen technology requirements globally.
In Malaysia, Hydrexia Borneo Sdn Bhd, a subsidiary of Hydrexia Holding Limited, and ICE SEDCE Hydrogen Sdn Bhd (ISHSB) have announced a joint venture to develop hydrogen refueling stations (HRS) and storage solutions. This partnership, formed during the Asia Pacific Green Hydrogen Conference & Exhibition 2024, aims to cater to the hydrogen development needs in Malaysia by leveraging the expertise of both companies.
Under the agreement, the joint venture will operate and maintain HRS and hydrogen storage solutions for the Kuching Urban Transportation System project. The collaboration will be carried out in phases, focusing on exploring business opportunities in the hydrogen sector. The new venture aligns with Hydrexia's market expansion strategy in Malaysia and showcases the company's dedication to serving the hydrogen market.
Both Hydrexia and ISHSB are enthusiastic about the partnership, highlighting the potential to meet the demand for hydrogen refueling stations and storage in Malaysia. The collaboration is seen as a strategic move to utilize advanced technology solutions and strengthen the local hydrogen market. Hydrexia, known for its global hydrogen technology solutions, is committed to delivering innovative hydrogen solutions to its customers worldwide.
ISHSB, a collaboration between ICE Petroleum and SEDC Energy, is focused on developing hydrogen production, storage, and refueling systems in Malaysia. The joint venture signifies a significant step towards enhancing the hydrogen infrastructure in the region. Hydrexia Holding Limited, a prominent hydrogen technology provider in China, aims to address the growing needs of the global hydrogen industry with its cutting-edge technology and industry expertise.
Topics
Asia
Market Expansion
Business Operations
Joint Venture
Hydrogen Technology
Technology Solutions
Global Reach
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