Sembcorp, through its wholly-owned subsidiary Sembcorp Utilities Pte Ltd has signed a joint development framework agreement (JDFA) with PT PLN Energi Primer Indonesia (PT PLN EPI), a sub-holding company of PT PLN (Persero) and PT Transportasi Gas Indonesia (PT TGI), a joint venture company between PT Pertamina Gas Negara Tbk and Transasia Pipeline Company Pvt. Ltd.

The JDFA signed at COP29 aims to establish a potential H₂ transportation pipeline connecting Sumatra, the Riau Islands in Indonesia, and Singapore. This taps on the expertise of PT TGI, the owner-operator of natural gas transportation across Indonesia, to facilitate the creation of a regional H₂ hub.

As announced on October 24, 2023, and October 21, 2024, Sembcorp and PT PLN EPI are partnering on the potential development of Southeast Asia’s largest green H₂ production facility in Sumatra, Indonesia, with a capacity of 100,000 metric tpy. Together, these initiatives will drive Southeast Asia's most significant H₂ development efforts.

The cross-border tripartite collaboration will advance both Singapore’s and Indonesia’s H₂ ambitions and align with their national decarbonization plans. The signing of the JDFA is not expected to have a material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending December 31, 2024.