Sembcorp signs framework agreement for potential hydrogen pipeline at COP29
The agreement is not expected to have a material impact on the company’s FY2024 results
SEMBCORP Industries has inked a joint development framework agreement at COP29 for a potential hydrogen pipeline between Singapore and Indonesia.
The other parties in the agreement are PLN Energi Primer Indonesia and Transportasi Gas Indonesia, said Sembcorp in a bourse filing on Wednesday (Nov 13).
The agreement aims to establish a potential hydrogen transportation pipeline connecting Sumatra, Indonesia’s Riau Islands and Singapore.
This follows an earlier announcement from Sembcorp about a partnership with PLN Energi Primer Indonesia on the potential development of South-east Asia’s largest green hydrogen facility with an annual capacity of 100,000 tonnes.
The agreement is not expected to have a material impact on Sembcorp’s results for FY2024.
Shares of Sembcorp closed down 1 per cent or S$0.05 to S$5.03 on Wednesday.
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