Malaysia eyes developing ecosystem based on hydrogen energy by 2030

Kuala Lumpur – The implementation of Malaysia’s Hydrogen Economy and Technology Roadmap (HETR) is expected to generate income of up to 12.1 billion MYR (2.5 billion USD), with an estimated contribution of between 49-61 billion MYR to the country’s Gross Domestic Product by 2030, according to Minister of Science, Technology and Innovation Chang Lih Kang.

On October 5 last year, Prime Minister Anwar Ibrahim said Malaysia is in a strategic position to implement the HETR, which would allow the country to explore the global green hydrogen market worth at least 189.19 billion USD by 2050.

The government is drafting the development of the ecosystem and value chain of vehicles based on hydrogen energy by 2030, one of the agendas in the HETR, Kang told the press.

He went on to say that the development will focus on the manufacturing process and energy production on a large scale, while also being able to accommodate general demand.

Kang said that the effort to be realised is also one of the methods in helping the country reach the zero-carbon target by 2050.

He admitted that the use of hydrogen technology is becoming more widespread, and that it will to some extent give competition to existing energy or fuel, such as petroleum and diesel.

Malaysian Transport Minister Anthony Loke on May 31 said that his country wants to strengthen cooperation with China in artificial intelligence (AI) with focus placed on education and training.

The Malaysia Autoshow 2024 has concluded with original equipment manufacturer (OEM) reporting a total of 1.4 billion RM (about 294.4 million USD) potential sales, 2,620 bookings of vehicles, and 13,799 sales leads - marking a significant milestone for the automotive industry.