TOKYO -- Oil company Eneos and trading house Sumitomo Corp. will produce "green" hydrogen in Malaysia and export much of it to Japan under plans announced Monday, hoping to further diversify the supply of the fuel essential for decarbonization.
The two Japanese companies have signed an agreement with SEDC Energy, a subsidiary of the Sarawak Economic Development Corp. set up by the Malaysian state of Sarawak. They will also consider establishing a special-purpose company with the Malaysian partner.
