Charbone Hydrogen Corporation Partners with Green Hydrogen ASIAPAC for UHP Facility in Malaysia
Key Ideas
- Charbone Hydrogen Corporation collaborates with Green Hydrogen ASIAPAC for the development of its first ultra-high purity (UHP) hydrogen production facility in Malaysia.
- The partnership aims to create a decentralized ecosystem to cater to local end-users and potentially expand into other Asia-Pacific markets.
- Charbone will provide project development expertise in various areas with the opportunity to receive a one-time fee either in cash or as an equity investment in the project.
- Both companies view this partnership as a significant step in promoting green hydrogen adoption in Malaysia and the wider Asia-Pacific region, aligning with clean energy transition goals.
Charbone Hydrogen Corporation, listed as TSX-V:CH and OTCQB:CHHYF, has entered into a collaboration with Green Hydrogen ASIAPAC SDN BHD to support the establishment of its inaugural ultra-high purity (UHP) hydrogen production facility in Malaysia. The plant, based on Charbone's modular and scalable production model, is designated to be part of a decentralized ecosystem targeted at meeting the needs of local consumers. The companies foresee the potential extension of this initiative to encompass other markets in the Asia-Pacific region, as mentioned in a statement by Charbone. Within the agreement framework, Charbone will offer its expertise in project development spanning areas like site selection, power agreements, front-end engineering and design (FEED), and supplier identification. In return for their contributions, Charbone anticipates a one-time fee, which could be in cash or an equity stake in the project, aiming to expand its revenue sources through similar collaborations on a global scale. CEO Dave Gagnon expressed satisfaction at the recognition of Charbone's efforts in establishing a sustainable ecosystem model over the past five years, illustrating its applicability beyond North America. Gagnon highlighted the promising hydrogen markets of North America and Asia-Pacific, with the latter being the current focus for the company. Green Hydrogen ASIAPAC Chairman Kamshul Kasim lauded the partnership as a significant milestone in propelling Malaysia's shift towards clean energy, praising Charbone's modular and decentralized strategy for harmonizing with their vision to hasten the adoption of green hydrogen in Malaysia and the broader Asia-Pacific region. Additionally, Charbone disclosed ongoing negotiations for similar partnerships in diverse regions as part of its global expansion strategy.
Topics
Asia
Renewable Energy
Sustainability
Energy Transition
Collaboration
Asia-Pacific
Global Expansion
Business Development
Modular Production
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