Hydrexia and WEDSB Collaborate to Develop Hydrogen Market in Malaysia
Key Ideas
- Hydrexia SDN. BHD. signs a Memorandum of Understanding (MOU) with Worldwide Energy Development SDN BHD (WEDSB) in Malaysia to jointly develop the hydrogen market under the SHORE initiative by the state government of Selangor.
- The collaboration involves the development of a hydrogen infrastructure, leveraging Hydrexia's magnesium-based solid-state technology and working with local partners and research institutions for engineering and construction.
- The partnership marks the continued advancement of Hydrexia's business operations in Malaysia, showcasing the company's commitment to sustainable energy development and renewable energy initiatives.
- Hydrexia aims to provide value-adds with its hydrogen technology solutions to facilitate the infrastructure development of the SHORE initiative and looks forward to the start of phase I by 2040.
Hydrexia SDN. BHD, a subsidiary of Hydrexia Holding Limited, has signed an MOU with Worldwide Energy Development SDN BHD (WEDSB) in Malaysia to collaborate on developing the hydrogen market in the country. This partnership is part of the Selangor Hydrogen Oriented Resources (SHORE) initiative, aiming to facilitate sustainable energy development. The collaboration includes the development of a hydrogen infrastructure involving production, transportation, storage, and refueling stations utilizing Hydrexia's magnesium-based solid-state technology. They will also work with local partners and research institutions for the engineering and construction aspects. Hydrexia's CEO, George Gan, expressed excitement about participating in this renewable energy initiative and highlighted the company's commitment to providing valuable solutions for the project. The partnership signifies the ongoing expansion of Hydrexia's business operations in Malaysia, showcasing its dedication to sustainable energy development and global partnerships. With a focus on hydrogen purification, transportation, storage, and refueling stations, Hydrexia aims to address the needs of the global hydrogen industry value chain effectively.
Topics
Asia
Renewable Energy
Research Collaboration
Infrastructure Development
Business Expansion
Global Partnerships
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