Petronas, Eneos partner for hydrogen supply chain
Both companies will work together and perform collaborative studies and research to develop the hydrogen supply chain.
Petronas Gas & New Energy Sdn Bhd (Pgnesb), a subsidiary of Malaysia’s national petroleum company Petroliam Nasional Berhad (Petronas), and Japan’s Eneos Corporation has signed an MoU to jointly study developing clean hydrogen supply chain between Malaysia and Japan, and will also work on other hydrogen opportunities.
The partners will study the feasibility of the hydrogen supply chain including the production and transportation of methylcyclohexane (MCH), which is a liquid form of hydrogen used for shipping.
The partnership will also work on low carbon hydrogen that is produced in Petronas’ petrochemical facilities, which in future will also produce green hydrogen through renewable energy. Both parties will also explore other hydrogen production projects opportunities outside of Malaysia as part of the MoU.
The companies have now applied for the Japanese Government’s Green Innovation Fund to support the project.
The partnership is in line with both companies target of achieving net-zero carbon emissions by 2050. Petronas set a goal in 2020 to achieve carbon neutrality by 2050. Eneos is also working on its Environmental Vision 2040 to achieve its net-zero carbon target.
Adnan Zainal Abidin, Petronas Gas & New Energy’s Executive CEO, said, “We are proud to expand our three-decade-long energy partnership with Eneos to include hydrogen, on top of what we have established in the liquefied natural gas (LNG) space.”