Sembcorp Industries, through its subsidiary Sembcorp Utilities, has partnered with PT PLN Energi Primer Indonesia to develop a green hydrogen production facility in Sumatra, Indonesia. This project, capable of producing 100,000 metric tonnes of green hydrogen annually, is set to be Southeast Asia's largest green hydrogen initiative. The joint development agreement, signed at the Singapore International Energy Week 2024, marks a significant milestone in sustainable energy efforts in the region. The first phase of the feasibility study has been completed successfully, focusing on critical aspects like site selection, risk assessments, and technical development. Moving forward, detailed engineering and commercial structuring will be prioritized to advance the project. The initiative aligns with the goals of Singapore and Indonesia in promoting clean energy and fostering collaboration and innovation. While the project signifies a major step towards a sustainable energy future, it is highlighted that the agreement is not expected to significantly impact Sembcorp's financial performance for the year ending December 31, 2024.