The largest green hydrogen project in Malaysia is set to commence construction in Perak this year, following the successful closure of a $400 million finance deal. Spearheaded by Semarak Renewable Energy, the 60MW facility will be powered by floating solar panels. The financing was facilitated by Capitale Ventures from Singapore, with advisory support from Chalfouh LLC.
Chinese state-owned construction firm PowerChina has been contracted for the design, engineering, procurement, and construction of the project, including both the hydrogen production and storage assets, as well as the floating photovoltaics. Groundbreaking is scheduled for the final quarter of this year.
While the 60MW project marks a significant milestone for Malaysia, larger ventures are in the pipeline. Two projects in Sarawak, on the island of Borneo, are currently in development and promise to exceed the Perak project in scale.
H2biscus, a project with a capacity of 150,000 tonnes per year, is being developed by Korean companies Samsung Engineering, Lotte Chemical, and Korea National Oil Corporation, alongside Malaysia’s SEDC Energy. Front-end engineering and design are underway, with construction expected to commence by the end of this year.
SEDC Energy is also involved in H2ornbill, a 90,000 tonnes per year green hydrogen project, expected to reach a final investment decision in 2025. Japanese firms Eneos and Sumitomo are part of this consortium.
Both Sarawak projects plan to utilize hydropower, which constitutes over two-thirds of the state’s electricity supply, and export the majority of the produced hydrogen to other Asian countries. H2biscus aims to export hydrogen as ammonia to South Korea, while H2ornbill plans to transport hydrogen using methylcyclohexane (MCH) as a carrier chemical.
The Malaysian government has projected significant revenue potential from hydrogen exports, estimating around 648 billion ringgits ($136 billion) by 2050. Additionally, the country intends to bolster domestic hydrogen demand by promoting fuel-cell vehicles and integrating hydrogen into gas-fired power plants, which are expected to generate substantial annual demand between 2041 and 2050.
Please find the original version of the article below:
https://www.hydrogeninsight.com/production/malaysias-largest-green-hydrogen-project-to-begin-construction-this-year-after-closing-400m-in-finance/2-1-1602253
The information shared by the Islamic Organization for Food Security (“IOFS”) on iofs.org.kz (the “Site”) serves solely for general informational purposes. As a non-profit international organization, IOFS provides this information in good faith, with no intention to commercialize, profit, or exploit any content. Commercial use, including reselling, charging for access, redistribution, or creating derivative works, such as unofficial translations based on these documents, is strictly prohibited. All posts, publications, texts, and any other information on the Site, owned by authors and references, are appropriately linked.
IOFS disclaims any liability for loss or damage of any kind resulting from the use of the Site. Your understanding and compliance with these terms contribute to maintaining the informative and non-commercial nature of our platform.
