Black & Veatch to Lead Malaysia's Green Hydrogen Economy Development
Key Ideas
- Black & Veatch will study green hydrogen commercialization pathways in Malaysia to support decarbonization efforts and low-carbon energy goals.
- The feasibility study by Black & Veatch aims to validate findings from TNB and PETRONAS while providing strategic insights on green hydrogen generation and demand.
- Malaysia's vision for a flourishing green hydrogen economy is supported by the strategic collaboration between Black & Veatch, TNB, and PETRONAS.
- The country aims to be a major hydrogen exporter in the Asia Pacific by 2050, with significant revenue projections, underlining the potential of the hydrogen economy.
Black & Veatch, a global leader in critical infrastructure solutions, has been selected to support Malaysia's decarbonization journey and the development of a green hydrogen economy. The company will conduct a feasibility study on green hydrogen commercialization pathways alongside Malaysia energy companies Tenaga Nasional Berhad (TNB) and PETRONAS. The study aims to validate previous findings and provide strategic, technical, and commercial insights on green hydrogen's generation, transportation, distribution, and demand. Malaysia's Hydrogen Economy and Technology Roadmap (HETR) envisions the country becoming a major hydrogen exporter in the Asia Pacific by 2050, with projected revenue exceeding RM400 billion. Black & Veatch's extensive experience in engineering, procurement, and construction (EPC) across the green hydrogen value chain positions the company well to contribute to Malaysia's goal. The collaboration signifies a commitment to fostering a green hydrogen economy in Malaysia. With its focus on sustainable infrastructure and addressing energy needs with low-carbon sources, Black & Veatch is poised to play a pivotal role in shaping Malaysia's hydrogen economy.
Topics
Oceania
Infrastructure
Feasibility Study
Sustainability
Energy Transition
Decarbonization
Renewable Resources
Energy Industry
Engineering Solutions
Latest News