Hydrexia and ICE SEDCE Hydrogen Joint Venture to Boost Hydrogen Market in Malaysia
Key Ideas
- Hydrexia and ICE SEDCE Hydrogen have formed a joint venture with ISHSB in Malaysia to develop, operate, and maintain hydrogen refuelling stations and storage solutions for the Kuching Urban Transportation System project.
- The partnership aims to penetrate the Malaysian hydrogen market by leveraging local expertise and technology solutions to meet the growing demand for hydrogen refuelling infrastructure.
- The collaboration is expected to enhance the adoption of hydrogen fuel cell vehicles, as demonstrated by the provision of mobile HRS to UMW Toyota, showcasing the potential of hydrogen technology in the transportation sector.
- The joint venture signifies a significant step towards sustainable mobility and environmental conservation in Malaysia, reinforcing the country's commitment to embracing clean energy solutions.
Hydrexia has entered into a Heads of Agreement (HOA) with ICE SEDCE Hydrogen to establish a joint venture with ISHSB, a Malaysian company formed by ICE Petroleum and SEDC Energy, to develop hydrogen refuelling stations (HRS) and storage solutions for the Kuching Urban Transportation System (KUTS) project in Malaysia. The collaboration aims to enhance the infrastructure for hydrogen-powered vehicles and support the transition towards sustainable transportation. The CEO of Hydrexia Southeast Asia, George Gan, expressed optimism about the partnership, highlighting the opportunity to cater to the needs of the local market efficiently. The joint venture is expected to address the demand for HRS and hydrogen storage in Malaysia, as stated by Abdul Jalil Maraicar, the Group Managing Director of ICE Petroleum. This collaboration follows Hydrexia's provision of containerised mobile HRS to UMW Toyota, showcasing the company's commitment to advancing hydrogen technology in the transportation sector. The joint venture signals a positive development in Malaysia's efforts towards sustainable mobility and signifies a strategic move towards adopting clean energy solutions for a greener future.