In order to meet the rising demand for PEM electrolyzers around the world, the Heads of Agreement (HOA) sought to develop an assembly factory for PEM electrolyzers (H2PEM) for hydrogen production in Sarawak.
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The EU Commission President, Ursula von der Leyen, highlighted the enormous potential for renewable energies, green hydrogen in southern nations on the sidelines of the UN climate conference in Sharm El-Sheikh.
An EU official said that the deal will create a framework for investments and is part of Brussels’ plan to import 10 million tonnes of hydrogen and produce 10 million tonnes domestically by 2030.