KUALA LUMPUR: Tenaga Nasional Bhd (TNB) and Petroliam Nasional Bhd's (Petronas) have inked a Joint Feasibility Study Agreement (JFSA) to forge ahead with studies for hydrogen business development in the country.
The partnership further strengthens the company's commitment to advancing the hydrogen economy. Under the memorandum of understanding (MoU), it highlighted the commitment of both industry leaders to collaborate as well as promote a strong synergy in the exploration and development business ventures in green hydrogen.
In a statement issued by TNB, the company said the aim of the partnership is to reduce carbon emissions in sectors such as transportation, manufacturing and power generation.
At the same time, the collaboration will help create opportunities for TNB to venture into hydrogen usage in mobility and manufacturing.
"Through this study, TNB and PETRONAS together with Gentari, the clean energy company founded by PETRONAS, will gain invaluable insights into the challenges and opportunities presented by the deployment of green hydrogen. "It will enable the exploration of innovative solutions, identification of potential off-takers for green hydrogen, and formulation of a collaborative framework between TNB and PETRONAS," it said.
The partnership reflected both companies' shared vision in pumping up the deployment of clean technologies to decarbonise the energy sector such as hydrogen and carbon capture.
TNB president and chief executive officer Datuk Baharin Din said the agreement is a testament to the company's dedication in uniting industry players and creating powerful synergy. "Together, we are committed to exploring and developing business ventures in the promising field of green hydrogen," he said.
Petronas senior vice president of project delivery and technology Datuk Bacho Pilong said Petronas and TNB, have an accumulation of a combination of over 120 years experience in engineering and technology."
Together, we look forward to building an ecosystem of technology and infrastructure for the clean energy needed to progress the nation's sustainability goals and support an equitable energy transition for future generations,"he said.