Bin Zayed International (BZI), a UAE-based investment firm, has become the lead investor in a major 200 MW green hydrogen project planned in Terengganu, Malaysia. The company has formed a strategic partnership with Nova Re Suria (NRES), a Malaysian project developer, to support the development of the Paka Green Hydrogen Production Project. The investment amount has not been disclosed according to reporting by H2-View. The collaboration positions BZI as a central financial and strategic partner in one of Malaysia’s most significant green hydrogen initiatives.

The Paka Green Hydrogen Production Project, known as PGH2P, will be located in Paka and will deploy 200 MW of alkaline electrolyser capacity. This capacity will be powered by renewable energy sourced from the grid. Once operational at full scale, the plant is expected to produce nearly 30,000 tonnes of green hydrogen annually. The output will be directed towards both domestic industrial customers and international markets signalling the project’s ambition to play a meaningful role in regional hydrogen supply chains.

China Jiangsu Guofu Hydrogen Energy, also known as GUOFUHEE, will support the project by promoting and distributing green hydrogen and associated products globally. This involvement adds an international commercial dimension to the project’s structure and enhances the potential for market reach.

Malaysia’s hydrogen trajectory

China Energy Engineering Corporation (CEEC) has been appointed as the engineering, procurement and construction contractor for the hydrogen facility. This selection provides the project with a major EPC partner capable of managing complex energy infrastructure.

BZI Group Managing Director Dr Shamir Kumar Nandy said the company’s participation aligns with its focus on high-impact clean-energy investments and its commitment to supporting Malaysia’s wider energy transition. He noted that Malaysia’s hydrogen generation market is expanding at about 4.8 percent each year. However global hydrogen equipment markets are growing more than three times faster creating a risk that Malaysia could fall behind unless flagship projects like PGH2P advance at speed.

Despite this imbalance the Malaysian government has set a target of producing two million tonnes of blue hydrogen annually. This indicates continued reliance on fossil-based hydrogen paired with carbon capture as a transitional option while the country scales its green hydrogen capacity.

Source:

https://bioenergytimes.com/uaes-bin-zayed-international-becomes-lead-investor-in-200mw-green-hydrogen-project-in-malaysia/