SEDC Energy

What SEDC Energy does

SEDC Energy Sdn Bhd is a Malaysian state-owned clean energy enterprise operating under the Sarawak Economic Development Corporation, headquartered in Kuching, Sarawak. The company's core asset is the Darul Hana H2 Plant, a green hydrogen production facility with approximately 150 kg per day output, leveraging Sarawak's low-cost hydropower resources and Hydrexia's magnesium hydride solid-state storage technology (MHX containers) for safer, more compact hydrogen transport. This plant underpins Malaysia's first cross-border hydrogen shipments, including pilot exports to Singapore.

SEDC Energy's strategic thesis centers on two large-scale green hydrogen export mega-projects: H2ornbill, backed by Japanese conglomerates Sumitomo and Eneos for export to Japan, and H2biscus, backed by Samsung E&A, Lotte Chemical, and Posco for the South Korean market. Both projects are currently being restructured and phased after H2ornbill's original 90,000 metric tons/year target was deemed unviable due to funding constraints. The company is also diversifying into electric aviation through a Letter of Intent with France's VoltAero and ACI Groupe to establish a Cassio electric-hybrid aircraft assembly and innovation hub in Sarawak.

The business model is built on B2B and government-to-government hydrogen export contracts, technology partnerships, and joint development with international industrial conglomerates. Revenue streams are projected to come from long-term hydrogen supply agreements, technology licensing through the Hydrexia relationship, and, in the future, electric aircraft manufacturing. Pricing is not publicly disclosed but is expected to operate under negotiated long-term supply contracts typical of large-scale hydrogen offtake. Customer concentration is significant, anchored on a small number of large international partners and pilot off-takers such as KPT Chemical Group in Vietnam.

Name

SEDC Energy

Legal name

SEDC Energy Sdn Bhd

Website

https://sedc.com.my

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

251–500 employees

Short description

SEDC Energy is a Malaysian state-owned enterprise under the Sarawak Economic Development Corporation that produces green hydrogen at the Darul Hana H2 Plant in Kuching and is developing large-scale hydrogen export mega-projects to Japan and South Korea with industrial conglomerate partners.

Ownership category

akta.pro rank

Product category

Green Hydrogen Production and Export

SIC

Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Hydrogen (Industrial & Mobility) (IMAEACAB)

akta.pro secondary industries

Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC), Hydrogen Storage Materials & Solid-State Storage (Metal Hydrides, Adsorbents) (EUAFAEAG), Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)

Keywords

• Green hydrogen production
• Solid-state hydrogen storage
• Hydrogen export infrastructure
• Clean energy megaprojects
• Hydrogen supply contracts

Headquarters

HQ city

Kuching

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Green Hydrogen Production and Export: Large-scale green hydrogen production for export to international markets including Japan and South Korea through the H2ornbill and H2biscus mega-projects. Revenue derived from hydrogen sales contracts with international buyers.
2. Hydrogen Technology Licensing: Export of solid-state hydrogen using Hydrexia's magnesium hydride storage technology. SEDC Energy operates the production facility while leveraging partner technology for storage and transport solutions.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

SEDC Energy operates hydrogen production and export infrastructure, centered on the Darul Hana H2 Plant in Kuching, Sarawak, which produces solid-state green hydrogen using magnesium hydride storage technology at approximately 150 kg per day. The company supplies hydrogen to industrial customers in Vietnam and is developing two large-scale mega-projects — H2ornbill and H2biscus — to export green hydrogen to Japan and South Korea respectively.

Product overview

SEDC Energy is a Malaysia state-owned clean energy company operating a portfolio of hydrogen production infrastructure and large-scale international projects. Its core product is the Darul Hana H2 Plant in Kuching, Sarawak, which produces solid-state green hydrogen using Hydrexia's magnesium hydride storage technology at approximately 150 kg per day. This plant underpins Malaysia's first hydrogen export shipments and feeds into two mega-project programs: H2ornbill (Japanese-backed, Sumitomo and Eneos) and H2biscus (South Korean-backed, Samsung E&A, Lotte Chemical, and Posco), both currently being restructured. Beyond hydrogen, SEDC Energy is diversifying into electric aviation through a planned VoltAero Cassio aircraft assembly hub in Sarawak. The company functions as an integrated clean energy infrastructure operator, bridging hydrogen production, storage technology, export logistics, and electric mobility.

Differentiator

Problem solved

Functional benefit

Products and services

• Darul Hana H2 Plant (Green Hydrogen Production) A hydrogen production facility operated by SEDC Energy in Kuching, Sarawak, producing solid-state green hydrogen using magnesium hydride storage technology. The plant has an output capacity of approximately 150 kg per day and serves as the source for Malaysia's first international hydrogen exports.
• H2ornbill Hydrogen Project A large-scale green hydrogen production and export project on Sarawak island, backed by Japanese firms Sumitomo and Eneos. Initially planned to produce 90,000 metric tons per year; currently being restructured and phased in line with market demand. Hydrogen output is intended for export to Japan.
• H2biscus Hydrogen Project A large-scale green hydrogen production and export project on Sarawak island, backed by Korean companies Samsung E&A, Lotte Chemical, and Posco. Currently being restructured and phased in line with market demand. Hydrogen output is intended for export to South Korea.
• Solid-State Hydrogen Storage and Maritime Transport Service A hydrogen transport and storage service leveraging Hydrexia's magnesium hydride solid-state containers (MHX) for safe, reusable hydrogen storage and shipment via tube trailers and maritime vessels. Customers include industrial hydrogen buyers in Singapore and Vietnam; service enables cross-border and maritime hydrogen trade across Asian seaports.

Quantifiable outcome

• First green hydrogen export from Malaysia to Singapore achieved
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core, flagship and minor.

• Hydrexia Holding LimitedcoreTechnology or IntegrationStrategic collaboration for solid-state hydrogen storage technology. Hydrexia's magnesium-based metal hydride containers (MHX) enable safe maritime hydrogen transport. The partnership completed the first-ever regional maritime shipment of solid-state hydrogen storage containers in Asia.
• KPT Chemical GroupflagshipStrategic or Co-development PartnerVietnam-based chemical company signed hydrogen commercial contract for technology solutions including magnesium-based solid-state containers and mobile hydrogen refueling stations. Hydrogen sourced from SEDC Energy's Darul Hana H2 Plant. This is Hydrexia's first major market entry in Vietnam.
• VoltAerominorStrategic or Co-development PartnerFrench hybrid-electric aircraft manufacturer signed Letter of Intent with SEDC Energy to establish aircraft assembly and innovation hub in Sarawak. The collaboration aims for technology transfer, local supply chain development, and electric aircraft production across Asia-Pacific.
• ACI GroupeminorStrategic or Co-development PartnerFrance-based company partnering with VoltAero and SEDC Energy on regional assembly and innovation hub for Cassio electric-hybrid aircraft in Sarawak, including training and support facilities.

Scale indicators5 records

Recent moves13 records

Expansion highlights6 records

Broad incumbents

• Mitsubishi Corporation: Japanese trading conglomerate with hydrogen and clean energy business initiatives across Asia-Pacific. Mitsubishi's broad clean energy portfolio and trading house approach make it a relevant comparable incumbent peer in regional hydrogen value chains.
• ENEOS: Japan's largest energy company with significant hydrogen production, supply, and usage initiatives. ENEOS is also an SEDC Energy partner via the H2ornbill project, making it a directly comparable incumbent in Asia-Pacific hydrogen supply chains.
• Linde: Global industrial gases company with significant hydrogen production and distribution operations worldwide, including Asia-Pacific. Linde's hydrogen business provides relevant comparable scale and operational benchmarks for SEDC Energy's growth trajectory.
• Air Products: Global industrial gas major and one of the world's largest hydrogen producers with extensive Asia-Pacific operations. Air Products' hydrogen business model and project scale make it a relevant broad incumbent for understanding SEDC Energy's ambitions and the competitive landscape.
• Sumitomo Corporation: Japanese trading conglomerate with hydrogen business initiatives and SEDC Energy's financial partner on the H2ornbill project. Sumitomo's broad hydrogen value chain involvement and Asia-Pacific reach make it a relevant incumbent peer.
• Kawasaki Heavy Industries: Japanese industrial conglomerate with hydrogen technology operations including liquid hydrogen transport and storage systems. Kawasaki's hydrogen technology portfolio and Japan market focus make it relevant for understanding the hydrogen value chain SEDC Energy targets.

Direct peers

• Iwatani Corporation: Japan's leading hydrogen energy company with end-to-end hydrogen value chain involvement, including production, import, storage, and distribution. Highly comparable to SEDC Energy's role in the Malaysian hydrogen ecosystem and Japan-focused export ambitions.
• Chiyoda Corporation: Japanese engineering company specializing in hydrogen infrastructure including large-scale liquid hydrogen storage and transport technologies. Chiyoda's hydrogen logistics expertise and Asia-Pacific project portfolio align closely with SEDC Energy's hydrogen export ambitions.
• Hydrexia Holding Limited: Singapore-based hydrogen technology company and SEDC Energy's technology partner. Hydrexia provides magnesium-based solid-state metal hydride storage containers (MHX) used by SEDC Energy for hydrogen transport and export, making them a closely aligned peer in the Asia-Pacific hydrogen storage and value chain space.

Emerging players

• Nel ASA: Norwegian electrolyzer manufacturer and hydrogen technology company with global projects. While Nel operates upstream of SEDC Energy's production activities, their hydrogen technology focus and Asia-Pacific expansion plans make them a relevant emerging player in the broader hydrogen value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sarawak-economic-development-corporation

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SEDC Energy