Hydrexia and WEDSB Partner to Develop Hydrogen Market in Malaysia
Key Ideas
- Hydrexia SDN. BHD has signed an MOU with WEDSB to jointly develop the hydrogen market in Malaysia under the SHORE initiative by the state government of Selangor.
- The collaboration will focus on developing hydrogen infrastructure including production, transportation, storage, and refueling stations using Hydrexia's magnesium-based solid-state technology.
- The partnership also involves working with local companies and research institutions to conduct research on engineering, procurement, and construction of the infrastructure.
- Hydrexia's CEO expressed excitement about participating in the initiative and highlighted the company's commitment to supporting the development of hydrogen infrastructure in Malaysia.
Hydrexia SDN. BHD, a subsidiary of Hydrexia Holding Limited, has signed a Memorandum of Understanding (MOU) with Worldwide Energy Development SDN BHD (WEDSB) in Malaysia to jointly develop the hydrogen market. This partnership is part of the Selangor Hydrogen Oriented Resources (SHORE) initiative by the state government of Selangor, aiming for sustainable energy development. The collaboration will involve four phases expected to be completed by 2040. Hydrexia and WEDSB will work together to build a hydrogen infrastructure utilizing Hydrexia's magnesium-based solid-state technology. They will also collaborate with local companies and research institutions for the successful execution of the project. Hydrexia's CEO, George Gan, expressed optimism about the partnership and the company's role in advancing the hydrogen infrastructure development. The partnership signifies Hydrexia's continued business growth in Malaysia since 2024, showcasing its dedication to expanding its operations and fostering renewable energy solutions.
Topics
South America
Renewable Energy
Technology
Partnership
Collaboration
Sustainable Development
Business Expansion
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