Hydrexia SDN. BHD, a wholly owned subsidiary of Hydrexia Holding Ltd., a global integrated H₂ solution provider, has signed a Memorandum of Understanding (MoU) with Worldwide Energy Development SDN BHD (WEDSB), a renewable energy subsidiary of Worldwide Holding Berhad in Malaysia, to jointly develop the H₂ market in Malaysia.

Under the framework of the MoU, Hydrexia and WEDSB will collaborate to facilitate sustainable energy development plan by the state government of Selangor under the initiative of Selangor H₂ Oriented Resources (SHORE). Both companies will leverage their respective technology, market resources, and capabilities to help advance the plan. The SHORE initiative will be rolled out in four phases with completion expected by 2040.

The planned collaboration calls for joint efforts to develop a H₂ infrastructure involving H₂ production, transportation and storage, and refueling stations utilizing Hydrexia's magnesium-based solid-state technology. In this process, Hydrexia and WEDSB will also work with the Institute of Sustainable Energy & AAIBE Chair of Renewable Energy under Universiti Tenaga Nasional (UNITEN) and UNI10 Energy SDN BHD (UESB), an engineering services company in Malaysia, to conduct research on engineering, procurement, construction, and commissioning of such infrastructure.

The MoU with WEDSB marks continued advancement of Hydrexia's fast-growing business operation in Malaysia. Since the start of 2024, Hydrexia has successfully expanded its business operations to Malaysia, having secured business contracts, strategic partnership, and joint venture.

"We are honored to participate in this important renewable energy initiative for the state government of Selangor, thanks to the trust of our local partner WEDSB," said George Gan, the chief executive officer of Hydrexia Southeast Asia. "As a trusted partner, I believe Hydrexia can provide value-adds with our solutions and products to facilitate the infrastructure development of the initiative through all phases by working closely with WEDSB. We look forward to the start of phase I of the initiative."