MRC) -- Petronas Hydrogen Sdn Bhd and ENEOS Corporation (ENEOS) have signed a Joint Feasibility Study Agreement (JFSA) to advance the studies for a commercial hydrogen production and conversion project in Kerteh, Terengganu, said th company.
Petroliam Nasional Bhd (Petronas) said under the JFSA, both parties will pursue detailed technical and commercial feasibility studies for the production of low carbon hydrogen from Petronas’ existing facilities, production of green hydrogen from a new hydro-powered electrolyser facility, and hydrogen conversion into methylcyclohexane (MCH).
"The agreement is part of the long-term Memorandum of Understanding (MoU) signed last August for the development of a clean hydrogen supply chain between Malaysia and Japan," it said in a statement.
According to the statement, the facilities are projected to have a total hydrogen production and conversion capacity of up to 50,000 tonnes per annum by 2027 for export in MCH form to Japan, where the clean hydrogen will be distributed to Japanese industries through ENEOS’ refineries.
Through ENEOS, the hydrogen-to-MCH project has been selected as one of the Green Innovation Fund projects by the Japanese government -- a testament to the project's viability and competitiveness, which is a critical aspect in the development of the nascent clean hydrogen supply chain. The two trillion Japanese yen funding was introduced to support green research and development projects as well as facility developments to propel Japan’s ambitious decarbonisation plans, which include achieving the three million tonnes per annum clean hydrogen demand target by 2030.
Petronas and ENEOS are also exploring other hydrogen projects and technology opportunities, both domestically and internationally. Petronas said since 2020, it has entered into several strategic partnerships with international and domestic players to grow its hydrogen production capabilities and delivery networks, covering low-carbon and green hydrogen.
It had also announced the setting up of a new, independent entity that would focus on cleaner energy solutions and capture opportunities in the energy transition sphere alongside its core portfolio. Petronas said the entity will provide customers with lower carbon solutions through three initial core offerings – renewables, hydrogen and green mobility.
Recently, the Company announced that it will set up a new, independent entity focused fully on cleaner energy solutions and will capture opportunities in the energy transition alongside its core portfolio. The entity will provide customers with lower carbon solutions through three initial core offerings – renewables, hydrogen and green mobility.
As per MRC, Petronas Chemicals Aromatics shut down its paraxylene production facility at Kerteh, Malaysia in February for scheduled maintenance. This production facility with a capacity of 550,000 tonnes of paraxylene per year will be under repair for about 50 days.
Petronas is a Malaysian government-owned oil and gas and petrochemicals company and a Global Fortune 500 company. It currently operates and operates in markets in more than 60 countries.
mrchub.com