Sembcorp Industries (SG:U96) has released an update.
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Sembcorp Industries has entered a Joint Development Framework Agreement with PT PLN Energi Primer Indonesia and PT Transportasi Gas Indonesia to explore a potential hydrogen pipeline linking Sumatra, the Riau Islands, and Singapore. This initiative is part of a broader effort to develop Southeast Asia’s largest green hydrogen production facility in Indonesia, aiming to create a regional hydrogen hub. The collaboration supports both Singapore’s and Indonesia’s decarbonization goals but is not expected to significantly impact Sembcorp’s financials for 2024.
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