UAE-based investment firm Bin Zayed International (BZI) has taken the lead investor role in a major 200MW green hydrogen project in Terengganu, Malaysia. The company has entered into a strategic partnership with Nova Re Suria (NRES), a Malaysian energy and project developer, for an undisclosed investment amount, reports H2-View.
The Paka Green Hydrogen Production Project (PGH2P), located in Paka, will include 200MW of alkaline electrolyser capacity powered by renewable energy from the grid. At full operation, the plant is expected to produce nearly 30,000 tonnes of green hydrogen per year.
China Jiangsu Guofu Hydrogen Energy (GUOFUHEE) will support the project by promoting and distributing green hydrogen and related products globally. The project team plans to cater to both domestic industrial consumers and international markets.
China Energy Engineering Corporation (CEEC) has been appointed as the engineering, procurement, and construction (EPC) contractor for the hydrogen facility.
BZI Group Managing Director Dr. Shamir Kumar Nandy said the company’s investment reflects its ongoing push for “high-impact clean-energy investments” and its commitment to advancing Malaysia’s energy transition efforts.
The company pointed out that Malaysia’s hydrogen generation market is growing at around 4.8% annually, while global hydrogen equipment markets are expanding more than three times faster. This, it said, highlights the risk of Malaysia lagging behind unless projects like PGH2P progress quickly.
Despite these concerns, the Malaysian government has set a target to produce two million tonnes of blue hydrogen each year, indicating a continued reliance on fossil-based hydrogen with CO₂ capture as a transitional pathway toward fully green hydrogen.
