Three major Korean companies – POSCO, Lotte and Samsung – would be leading in the entire cycle of the project development
One of the world’s leading engineering, procurement, construction and project management companies, Samsung Engineering, has come up with H2biscus Project to develop a green hydrogen and ammonia project in Bintulu.
According to a statement by the Chief Minister’s Office, the Sarawak H2biscus Green Hydrogen/Ammonia Project will be developed and sponsored by a consortium consisting of Lotte Chemical, POSCO, Sarawak Economic Development Corporation (SEDC)’s subsidiary, SEDC Energy, and Samsung Engineering.
The project will produce 7,000 tonnes of green hydrogen per year for Sarawak usage, 600,000 tonnes of blue ammonia, 630,000 tonnes of green ammonia, and 460,000 tonnes of green methanol per year.
The statement said the feasibility study is expected to start this year. Meanwhile, the Front End Engineering Design (FEED) and EPC contracts are scheduled to be awarded in the following year.
The President and Chief Executive Officer of Samsung Engineering, Sungan Choi, presented the ‘Malaysia Sarawak H2biscus Green Hydrogen/Ammonia Project’ to the South Korean government during the ‘Announcement of Korea Government Hydrogen Economy & Society Development Strategy’.
Choi, in his presentation, mentioned three major Korean companies – POSCO, Lotte Chemical and Samsung Engineering – would be leading in the entire cycle of the project development. It includes direct investment, construction, transportation and utilisation.
Choi also highlighted that the project would act as a model project for renewable energy exchange and hydrogen transportation between Korea and Malaysia, developing hydrogen-related standards in both nations.
According to the statement, Choi also shared the project’s wide range of environment-friendly products like green hydrogen, green and blue ammonia, green methanol, and CCU.
It also stated that Chief Minister Datuk Patinggi Abang Johari and Deputy Chief Minister Datuk Amar Awang Tengah Ali Hassan led the State team to an online engagement session with the Korean consortium to learn more about the projects and their benefits to both Korea and Sarawak.
Meanwhile, in Bintulu, Samsung Engineering is working on the Sarawak Petchem methanol plant project, which is expected to produce 5,000 tonnes of methanol per day.
The company is focusing its efforts on becoming a ‘Beyond EPC Green Solution Provider,’ offering green infrastructure and energy optimisation services. The services are done through process analysis based on digital twin.