Hydrexia (Malaysia), an international arm of Hydrexia Energy Technology in Southeast Asia, announced that has entered a Memorandum of Understanding (MoU) with the Green Solutions Group (TGS). The MoU is intended to provide a framework for a comprehensive business partnership between the two companies geared toward promoting H2 technology user applications in the growing H2 market in Vietnam.
Under the terms of the agreement, both Hydrexia and TGS are committed to partnering closely to explore H2 development projects in the Vietnamese local market by leveraging each other’s technology and market strengths. The proposed collaboration areas between the two companies include, but are not limited to, H2 distribution, storage and refueling station information management system.
“We are excited about this partnership with TGS, as it will fully create a win-win dynamic where both companies can fully utilize our competitive strengths to seize business opportunities in a new and fast-growing H2 market,” said Gorge Gan, CEO of Hydrexia for Southeast Asia. “Partnering with TGS certainly enlarges Hydrexia’s business footprint in the Southeast Asia market.”
“The collaboration between Hydrexia and TGS is expected to contribute to the growth of the H2 economy in Vietnam and accelerate the adoption of H2 as a clean energy source,” commented Winnie Huynh, Founder & CEO of TGS. With the combined expertise and commitment to sustainability, Hydrexia and TGS are poised to make significant contribution to H2 market in the country.