PETRONAS Expands Partnership with Samsung C&T to Develop a Clean Hydrogen Supply Chain

KUALA LUMPUR, 30 May 2022 – PETRONAS Hydrogen Sdn. Bhd., a subsidiary of Petroliam Nasional Berhad (PETRONAS), has signed a Memorandum of Understanding (MoU) with Samsung C&T Corporation (Samsung C&T) to jointly develop a clean hydrogen supply chain into South Korea. 

PETRONAS and Samsung C&T will collaborate to explore opportunities involving the potential supply of blue or green hydrogen into South Korea from PETRONAS’ projects in Malaysia and abroad, as well as extend advisory support to establish sound and viable industry standards in both countries.

The MoU signing took place virtually in March 2022 with the document exchange being held physically during the World Gas Conference 2022 in South Korea on 25 May. PETRONAS was represented by Adlan Ahmad, Chief Executive Officer of PETRONAS Hydrogen Sdn. Bhd. and Samsung C&T by Young Beom Inn, Head of Hydrogen Group of Samsung C&T.

“As a progressive energy and solutions provider, PETRONAS looks forward to advance the use of hydrogen as a clean energy carrier together with Samsung C&T. Our move into hydrogen is a natural next step in our energy partnership with Samsung C&T, who has been our long-term partner in LNG and ammonia businesses,” said Adlan.

The partnership between both companies reflects a mutual ambition to transition towards a low carbon future through clean energy sources such as hydrogen. 

As a global trading & investment company, Samsung C&T is actively seeking opportunities in the hydrogen sector. In addition to developing business models for importing clean hydrogen to South Korea, it is committed to building and operating hydrogen-related infrastructure.

For PETRONAS, the partnership supports the Group’s overall ambition of achieving Net Zero Carbon Emissions by 2050 covering growth in non-conventional energy sources such as renewables and hydrogen. Recently, PETRONAS 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.