Malaysia’s Hydrexia, an international arm of Hydrexia Holding Limited (Hydrexia) in Southeast Asia has signed a purchase agreement with The Green Solutions Group (TGS), a renewable energy solution provider in Vietnam, for the supply of Hydrogen Refuelling Stations.
It may be recalled that this agreement has come after a memorandum of understanding in early May this year, marking the strategic partnership between the two companies,said the firm in a statement.
As per the agreement, Hydrexia will supply units of its hydrogen refuelling stations to TGS in a phased approach through 2023 and beyond. It will be responsible for designing, deploying, and maintaining the stations for TGS. Hydrexia will also supply units of hydrogen fuel cell buses to TGS.
With this, the strategic business partnership between the two companies will help promoting hydrogen end-use applications in the growing hydrogen market in Vietnam. Both the firms hope to continue to work together to explore other hydrogen business opportunities.
“This symbolizes our concrete first step in developing a business in a fast-growing hydrogen market in Vietnam. Hydrexia strives to deliver the best hydrogen solutions to our partner,” said George Gan, the CEO of Hydrexia for Southeast Asia. “I believe there are many other areas where Hydrexia can work with TGS to expand the horizons of our partnership going forward,” Gan added.
“So glad to see that the strategic partnership between our two companies is moving forward smoothly,” said Winnie Huynh, the Founder & CEO of TGS. “We trust that this partnership will not only benefit the businesses of both companies but also bring substantial value to developing the hydrogen market in Vietnam,” Huynh further pointed out.
Hydrexia has grown its business presence in various global markets including Australia, Singapore, Malaysia, Thailand, Vietnam.