KUCHING, Sept 8: The majority of products produced by the H2biscus project, except for a portion of green hydrogen which will be used locally by Sarawak, will be imported to Korea and used by Korean companies.
The completion of the H2biscus project feasibility study is anticipated within this year and the goal of commercial production is set by the end of year 2027.
According to the statement by Samsung Engineering today, should it be confirmed to be commercial and technically feasible, the H2biscus project is expected to greatly contribute to the achievement of the Korean carbon neutrality goal and vitalization of the hydrogen economy.
“Samsung Engineering, LOTTE CHEMICAL, and POSCO Holdings plan to take the lead in introducing clean hydrogen in Korea by developing overseas clean hydrogen projects in cooperation with major overseas clients,” said Samsung Engineering.
Samsung Engineering, SEDC (Sarawak Economic Development Corporation) Energy, Sarawak Energy Berhad, LOTTE CHEMICAL, and POSCO Holdings jointly announced the signing of a Memorandum of Understanding (MoU) to study the potential of suppling at least 900MW of hydro-based renewable power for the H2biscus Green Hydrogen/Ammonia project (H2biscus project) in Sarawak, Malaysia.
The MoU which was signed yesterday was the culmination of 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 Sept 7, 2022 and the event was attended by Samsung Engineering CFO and Executive Vice President Ju-Seong Cheong, SEDC chairman Tan Sri Aziz Husain, SEDC Energy CEO Robert Hardin, Sarawak Energy Group Berhad CEO Datu Sharbini Suhaili, LOTTE CHEMICAL CEO Jin-Koo Hwang and and POSCO Holdings Head of the Green Materials & Energy Business Team and Senior Executive Vice President Byeong-og Yoo.
The event was witnessed by Premier of Sarawak Datuk Patinggi Abang Johari Tun Openg, Ambassador of Malaysia to Korea Lim Juay Jin, and the Industry and Energy Second Vice Minister to Korea Park Il-jun.
Following the MoU 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 supply the project. — DayakDaily
