Samsung Engineering Signs MoU with SEDC Energy and Sarawak Energy Berhad for Power Supply to Sarawak H2biscus Green Hydrogen & Ammonia Project

Samsung Engineering signs MoU with SEDC Energy and Sarawak Energy berhad for power supply to Sarawak H2biscus Green Ammonia and Hydrogen Project.

Samsung Engineering, one of the world’s leading engineering, procurement, construction and project management (EPC&PM) companies with SEDC Energy (a wholly owned subsidiary of Sarawak Economic Development Corporation (SEDC)) and Sarawak Energy Berhad , LOTTE CHEMICAL and POSCO Holdings, jointly announced the signing of a Memorandum of Understanding (“MoU”) to explore the potential to supply at least 900 MW of hydro-powered renewable energy for the H2biscus Green Hydrogen project /Ammonia (H2biscus project) in Sarawak, Malaysia.

Today’s MoU builds on the earlier MoU signed between Samsung Engineering, LOTTE CHEMICAL and POSCO Holdings with SEDC Energy for the H2biscus project earlier this year.

The five companies signed the MoU at LOTTE HOTEL WORLD in Jamsil, Seoul on September 7 and the event was attended by Ju-Seong Cheong, CFO and Executive Vice President of Samsung Engineering, Chairman of SEDC Ybhg. Tan Sri Datuk Amar Dr. Haji Aziz bin Husain, CEO of SEDC Energy Encik Robert Hardin, CEO of Sarawak Energy Group Berhad YBhg.

Datu Haji Sharbini Suhaili, CEO of LOTTE CHEMICAL Jin-Koo Hwang and POSCO Holdings Head of Green Materials and Energy Business Team and Senior Executive Vice President Byeong-og Yoo.

Additionally, the event was attended by The Right Honorable Datuk Patinggi (Dr) Abang Haji Abdul Rahman Zohari bin Tun Abang Haji Openg, Prime Minister of Sarawak, Datuk Lim Juay Jin, Malaysian Ambassador to Korea and Park Il-jun, Industry and Energy 2nd Deputy Minister in Korea.

Under the memorandum of understanding signed today, the five companies will jointly study the power supply capacity and facilities such as substations and transmission infrastructure that would be required to power the project.

In addition, the completion of the feasibility study for the H2biscus project is expected during this year and the commercial production target is set by the end of the year 2027.

If confirmed to be commercial and technically feasible, the H2biscus project is expected to greatly contribute to Korea’s goal of carbon neutrality and boosting the hydrogen economy.

Among the products to be produced under this project, all blue and green ammonia and blue methanol, except part of the green hydrogen which will be used locally in Sarawak, will be imported to Korea and used by Korean companies.

Samsung Engineering, LOTTE CHEMICAL and POSCO Holdings plan to take the lead in introducing clean hydrogen to Korea by developing overseas clean hydrogen projects in cooperation with major overseas customers.

Meanwhile, Samsung Engineering will further strengthen its strategic partnership with the Malaysian state of Sarawak by seriously discussing plans for business development and local economic cooperation with the visit of the Prime Minister of Sarawak, Chairman of SEDC and CEO of Sarawak Energy Berhad Group. .

In addition, Samsung Engineering is currently carrying out the Sarawak Methanol project and is strengthening its position as the optimal business development partner for Sarawak by winning the Shell OGP (Onshore Gas Plant for Rosmari Marjoram) project in July this year.

Additionally, Samsung Engineering plans to contribute to the revitalization of Sarawak’s local economy through this project and serve as an economic bridge between Korea and Malaysia.

Last month, Malaysian state-owned energy company Petronas and several Korean companies, including Samsung Engineering, LOTTE CHEMICAL, etc., signed a business agreement on joint cooperation in the development of the Shepherd CCS project, an international project between Korea and China. Malaysia, the first carbon capture in Asia. , transport and storage.

Additionally, with the successful development of the H2biscus project, it is expected to contribute to the expansion of local employment in Sarawak.

Ju Seong CheongSamsung Engineering CFO & Executive Vice President said:

We anticipate that the signing of this Renewable Energy Supply Memorandum of Understanding will be a significant milestone in the Sarawak H2biscus project, and we are confident that we will deliver a successful project through our existing strong local network.

“Samsung Engineering will contribute to Korea’s goal of carbon neutrality and the vitality of the hydrogen economy, and strengthen our status as a ‘green solution provider’ through strategic alliances and the acquisition of technology in the field.

About Samsung Engineering Co., Ltd.

At Samsung Engineering, we aim to create value based on the world’s best technological competence and contribute to our customers, society and people. Samsung Engineering, one of the world’s leading EPC & PM companies, has served customers in a variety of industries such as oil refining, gas processing, petrochemical, infrastructure and environmental sector and bio- industry.

Provide professional services throughout the project cycle, from professional feasibility studies to design, procurement, construction, commissioning, maintenance and operation. Samsung Engineering has completed over 1,000 projects worldwide.

To prepare environmentally responsible ESG-based businesses for the future, we have extended our value chain to operate green infrastructure, such as water treatment facilities and incinerators, and to green solutions activities for energy optimization and carbon neutrality.

To preemptively respond to changes in the global energy industry and take the lead in solving global warming, we will provide optimal solutions based on our technologies and expertise. For more information, please visit: www.samsungengineering.com

Samsung Engineering signs MoU with SEDC Energy and Sarawak Energy Berhad for power supply to Sarawak H2biscus Green Hydrogen & Ammonia Project, Seoul, Korea, September 8, 2022

Comments are closed.