BZI And Nova RE Suria Sign Strategic Partnership To Develop PGH2P, Malaysia’s 200 MW Green Hydrogen Plant In Paka, Terengganu

On 21 November 2025, Bin Zayed International (BZI) formalised its partnership with NOVA RE Suria (NRES) to jointly develop the Green Hydrogen Plant Project (PGH2P) in Paka, Terengganu. Under this Strategic Partnership Agreement, BZI will serve as the lead investor, helping strengthen a project that is expected to play a significant role in shaping Malaysia’s green hydrogen industry in the coming years. This partnership supports Malaysia’s commitments outlined in the National Energy Transition Roadmap (NETR) and the Hydrogen Economy and Technology Roadmap (HETR). By backing a large-scale hydrogen initiative, both organisations are contributing to Malaysia’s ambition of becoming a regional leader in green hydrogen production, technology, and export.

For BZI, the agreement marks the beginning of a long-term collaboration aimed at building Malaysia’s hydrogen ecosystem. The company views this project as an opportunity to support the country’s efforts to increase hydrogen supply and demand, while also developing potential export channels across the Asia Pacific region. According to Dato’ Sri Dr. Shamir Kumar Nandy, Group Managing Director of Bin Zayed International, the project represents a strong commitment to Malaysia’s future energy resilience and its potential to lead the region’s clean hydrogen transition. He added that BZI is proud to participate in a development that aligns with its goal of advancing high-impact clean-energy investments and supporting Malaysia’s wider energy-transition agenda.

For Nova RE Suria Sdn. Bhd., the partnership is an important step in accelerating Malaysia’s adoption of future-ready energy solutions. NRES was established with the support of Malaysian renewable energy developers and international institutional investors, with a specific mission to drive hydrogen development through capital mobilisation, strategic partnerships, and cutting-edge technology. As explained by Director Mohd. Izhar Bin Ibrahim, PGH2P is a catalytic project that demonstrates Malaysia’s capability to produce large-scale green hydrogen that meets international standards. He noted that the collaboration with BZI brings not only financial strength but also a shared commitment to innovation, sustainability, and long-term value creation.

The PGH2P project is designed to give Malaysia a first-mover advantage in the emerging hydrogen sector. Located in Paka, Terengganu, it is planned as one of the country’s first major green hydrogen production facilities. The project will include a 200 MW ALK Electrolysers hydrogen production plant, which will be powered using renewable energy supplied from the national grid. Once fully operational, the plant is expected to produce nearly 30,000 tonnes of green hydrogen annually, serving both domestic industrial users and international buyers. To support the development of the project, NRES has secured a framework EPC agreement with China Energy Engineering Corporation (CEEC), one of the world’s largest infrastructure and energy engineering companies. CEEC will play a key role in building the hydrogen facility.

In addition, the project includes a strategic cooperation with China Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. (GUOFUHEE) to promote and distribute green hydrogen and related derivatives such as green ammonia and green methanol globally. PGH2P will be developed as part of a broader integrated energy system. This system will be capable of supplying carbon-free fuel within Malaysia, while also producing premium-grade hydrogen that can be exported to global markets. This dual-purpose design positions the project as a flagship model for future green-energy infrastructure collaborations.

Malaysia’s hydrogen industry is expected to grow steadily in the coming years, with the national hydrogen generation market projected to expand at a 4.8% CAGR through 2030. Globally, demand for hydrogen technologies including purification, storage, and engineering solutions is rising even faster. For example, the hydrogen purification equipment market alone is forecast to grow at over 14% CAGR between 2025 and 2033. Malaysia’s strong industrial foundation, favourable location, and supportive government policies place the country in a strong position to tap into this growing international demand. The PGH2P project gives Malaysia a valuable head start in this fast-growing sector and aligns closely with national objectives such as achieving net-zero greenhouse gas emissions by 2050.

It also demonstrates how public and private partnerships can help accelerate industrial decarbonisation, scale green technologies, and attract new investment and expertise. BZI and NRES are now moving forward together to advance Malaysia’s clean-energy ambitions. With the Strategic Partnership Agreement in place, both organisations are committed to driving the nation’s hydrogen agenda and helping build a more resilient, sustainable energy future. To conclude the event, a symbolic memento exchange took place between BZI and representatives from CEEC and GUOFUHEE, highlighting the shared commitment to collaboration and the collective effort to support the global green energy ecosystem.