KUALA
LUMPUR, Malaysia, Nov. 12,
2024 /PRNewswire/ -- Hydrexia SDN. BHD, a wholly
owned subsidiary of Hydrexia Holding Limited (Hydrexia), a global
integrated hydrogen solution provider, had signed a Memorandum of
Understanding (MOU) with Worldwide Energy Development SDN BHD
(WEDSB), a renewable energy subsidiary of Worldwide Holding Berhad
in Malaysia, to jointly develop
the hydrogen market in Malaysia.
Under the framework of the MOU, Hydrexia and WEDSB will
collaborate to facilitate sustainable energy development plan by
the state government of Selangor
under the initiative of Selangor Hydrogen Oriented Resources
(SHORE). Both companies will leverage their respective technology,
market resources, and capabilities to help advance the plan. The
SHORE initiative will be rolled out in four phases with completion
expected by 2040.
The planned collaboration calls for joint efforts to develop a
hydrogen infrastructure involving hydrogen production,
transportation and storage, and refueling stations utilizing
Hydrexia's magnesium-based solid-state technology. In this process,
Hydrexia and WEDSB will also work with the Institute of Sustainable
Energy & AAIBE Chair of Renewable Energy under Universiti
Tenaga Nasional (UNITEN) and UNI10 Energy SDN BHD (UESB), an
engineering services company in Malaysia, to conduct research on engineering,
procurement, construction, and commissioning of such
infrastructure.
The MOU with WEDSB marks continued advancement of Hydrexia's
fast-growing business operation in Malaysia. Since the start of 2024, Hydrexia
has successfully expanded its business operations to Malaysia, having secured business contracts,
strategic partnership, and joint venture.
"We are honored to participate in this important renewable
energy initiative for the state government of Selangor, thanks to the trust of our local
partner WEDSB," said George Gan, the
chief executive officer of Hydrexia Southeast Asia. "As a trusted
partner, I believe Hydrexia can provide value-adds with our
solutions and products to facilitate the infrastructure development
of the initiative through all phases by working closely with WEDSB.
We look forward to the start of phase I of the initiative," Gan
added.
As an across-industry value chain technology solution provider,
Hydrexia is fully leveraging its across-industry value chain
technologies and solutions for its global customers. The
recognition and acceptance by an increasing number of global
customers is a testament to the advantages and differentiations of
Hydrexia's technologies and solutions in hydrogen purification,
hydrogen transportation and storage, and hydrogen refueling
stations.
About WEDSB
Worldwide Energy is the energy development arm of Worldwide
Holdings Berhad (WHB), a wholly owned company of the Selangor State
Government and is entrusted by the authorities of the state
government for the execution of energy production. WHB is a wholly
owned subsidiary of Perbadanan Kemajuan Negeri Selangor or the
State Development Corporation of Selangor (PKNS), involved in diverse range of
industries, namely property development and investment, timbre
trading, infrastructure development, television broadcasting, solid
waste management, overseas investment and investment holding.
About Hydrexia
Hydrexia Holding Limited is a global integrated hydrogen
technology solution provider. 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
