KUALA
LUMPUR, Malaysia and SHANGHAI, May 13, 2024
/PRNewswire/ -- Hydrexia Holding Limited (Hydrexia), a leading
integrated hydrogen solution provider in China and Lestari H2GaaS Sdn Bhd (LHSB), a
renewable energy and hydrogen technology commercialization arm of
Petroliam Nasional Berhad (PETRONAS) in Malaysia today announced that the two
companies have entered into a Technology Collaboration and
Commercialization Agreement (TCCA) to leverage the technological
and market strengths of each other to better serve the hydrogen
development needs in Sarawak,
Malaysia.
Under the framework of TCCA, both companies set forth key
cooperation initiatives which include joint technical collaboration
and commercialization of hydrogen application technology in a
phased approach. The planned technical collaboration will focus on
hydrogen applications in the areas of purification, storage and
transportation, and refueling station. Both companies will jointly
explore hydrogen application project opportunities to meet the
local hydrogen development needs by integrating Hydrexia's hydrogen
technology products across the hydrogen industry value chain.
This newly-formed partnership marks an important milestone for
Hydrexia's business expansion in Southeast Asia with continued success.
Meanwhile, it also reinforces the strong commitment of Hydrexia to
serve the growing hydrogen business needs in the region by
collaborating with local partners.
"We are excited about forming this strategic partnership with
LHSB. It not only further expands the scale of our business
expansion in Southeast Asia, but
also adds significant depth in our local business operation in this
region," said George Gan, the Chief
Executive Officer of Hydrexia Southeast Asia. "The collaboration
with LHSB enables us to best utilize our hydrogen technology
solutions to serve the needs of our customers in Malaysia. We look forward to expanding the
cooperation with LHSB going forward," Gan added.
"We are happy to have chosen Hydrexia as our important
technology and commercial partner," said Colin Patrick, the Chief Executive Officer of
LHSB. "Our decision to go with Hydrexia is based on its strong
overall technology capability as well as its commitment to
developing the local hydrogen market in Malaysia. I am confident about the prospects
of this partnership," Colin continued. "Through this TCCA, we
commit ourselves to fostering innovation, driving sustainable
practices, and making significant strides towards a net carbon zero
future. The hydrogen projects we are embarking upon will not only
contribute to decarbonizing industries but also open new
possibilities in transportation, energy storage, and beyond within
this region," Colin mentioned.
The optimal combination of technology and market advantages
achieved through this collaboration will enable both companies to
fully address the needs for green energy in the Sarawak region in Malaysia. Hydrexia is fully committed to
developing this new partnership both technologically and
operationally.
[About Lestari]
Lestari H2GaaS is the hydrogen technology commercialization arm
of Petroliam Nasional Berhad (PETRONAS), the national oil and gas
company of Malaysia. Lestari is
presently pursuing a series of Hydrogen Production Facility
developments in Sarawak and supply
of lectrolyzer globally via Sarawak Electrolyser Assembly and
Distribution Facility (SEA-DF). Its service includes an end-to-end
hydrogen solution designed to support market application, through
its core & proprietary technology, PEM lectrolyzer. It
aspires to empower its customers across industries who seek
versatile hydrogen solutions in driving low carbon targets within
their business.
[About Hydrexia]
Hydrexia Holding Limited is a leading integrated hydrogen
technology solution provider in China with global reach. The company
specializes in providing technology solutions for hydrogen
production, storage, transportation, and end-use applications.
Leveraging its solid R&D capabilities and industry-leading
technology, Hydrexia aims to effectively address the technology and
application needs across the global hydrogen industry value
chain.
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SOURCE Hydrexia