November 15, 2023
Asahi Kasei Corp.
Gentari Hydrogen Sdn Bhd
JGC Holdings Corporation

Asahi Kasei, Gentari, and JGC signed MOU on FEED study for 60 MW classalkaline water electrolyser to produce green hydrogen in Malaysia
Asahi Kasei, Gentari Hydrogen Sdn Bhd, a wholly-owned subsidiary of PETRONAS clean
energy arm Gentari Sdn Bhd (Gentari), and JGC Holdings Corporation (JGC) today announced
the completion of a detailed feasibility study for production of up to 8,000 tonnes per year ofgreen hydrogen using a 60 megawatt (MW) class alkaline water electrolyser system. Theparties also signed a memorandum of understanding (MOU) for a front-end engineering design(FEED) study for the said project. This project is supported by the Green Innovation Fund forLarge-scale Alkaline Water Electrolysis System Development and Green Chemical Plant Project
by Japan’s New Energy and Industrial Technology Development Organization (NEDO).
Pursuant to the MOU, the parties are preparing for the FEED study to commence in January
2024. The operation is planned for start-up in 2027.

Nobuko Uetake of Asahi Kasei, Michèle Azalbert of Gentari, and Masahiro Aika of JGC at theMOU signing ceremony
This collaboration between Asahi Kasei, Gentari, and JGC will advance the deployment of a 60
MW class water electrolyser paired with an integrated control system to produce greenhydrogen. This commercial-scale project demonstrates the companies' commitment to fostering
markets for green hydrogen and establishing a foundation for regional green hydrogenOpen1

production, aligning with the broader mission of decarbonisation in Japan, Malaysia, and acrossSoutheast Asia.
“We are pleased to collaborate with these two companies on a project that will demonstrate to
the world the practical application of green hydrogen. Asahi Kasei's experience fromdemonstration experiments in Germany and managing a 10 MW electrolyser in Japan for overthree years will play a pivotal role in this project's success," said Nobuko Uetake, Lead
Executive Officer of Asahi Kasei and Senior General Manager of its Green Solution Project.
“This strategic collaboration between Gentari, Asahi Kasei, and JGC, amplifies value for all
involved. The project stands as a catalyst for advancing Malaysia’s hydrogen economy towards
achieving its green hydrogen target of 200,000 tonnes per year by 2030, aligning with theNational Energy Transition Roadmap and Hydrogen Economy and Technology Roadmap.
Beyond this, Gentari is developing hydrogen projects with national and state entities to position
Malaysia as the region’s leading hydrogen hub, leveraging PETRONAS assets and thecountry’s strategic advantages,” said Michèle Azalbert, Gentari’s Chief Hydrogen Officer.
“I would like to express our sincere appreciation for the efforts to conclude this MOU. JGCGroup is currently constructing a demonstration facility of clean ammonia production adjacent toAsahi Kasei’s electrolyser at Namie-machi, Fukushima Prefecture, Japan, together with an
integrated control system. We look forward to applying the lessons learnt from thedemonstration and to utilising its technical outcomes toward the execution of this project inMalaysia,” said Masahiro Aika, Senior Executive Officer, Technology Commercialization Officerand General Manager, Sustainability Co-creation Unit of JGC.
About Asahi Kasei
The Asahi Kasei Group contributes to life and living for people around the world. Since its
foundation in 1922 with ammonia and cellulose fiber businesses, Asahi Kasei has consistently
grown through the proactive transformation of its business portfolio to meet the evolving needsof every age. With more than 48,000 employees worldwide, the company contributes to asustainable society by providing solutions to the world's challenges through its three businesssectors of Material, Homes, and Health Care. The hydrogen-related business is positioned as
one of Asahi Kasei's "10 Growth Gears" (GG10) businesses to drive future growth, and thecompany plans to focus proactive investment in this domain. Asahi Kasei is also a member ofindustry associations such as the Hydrogen Council in Europe and the Japan Hydrogen Forumin the U.S., emphasizing its dedication to advancing green solutions in key focus areas. For
more information, visit https://ak-green-solution.com/en/Open2

About Gentari
Gentari is focused on delivering the solutions required to put clean energy into action today, totransform how we live tomorrow. Gentari’s three initial core pillars of Renewable Energy,
Hydrogen and Green Mobility form a comprehensive portfolio of solutions to help our customers
in their decarbonisation journey. Its global 2030 aspiration is to achieve 30-40 GW of installedcapacity in renewable energy, up to 1.2 million tonnes per year of clean hydrogen, and over
10% share of the public charging points and Vehicle-as-a-Service market across key countries
in the Asia-Pacific region. In the long term, Gentari aims to be the most valued clean energy
solutions partner, creating greater impact, connecting businesses, and making the journey to anet zero future possible.
For more information, visit www.gentari.com
About JGC
JGC group operates Engineering, Procurement and Construction businesses for plants andfacilities in a variety of regions throughout the world, contributing to economic growth andindustrial development in not only Japan, but also in various countries worldwide. JGC group
established our purpose as “Enhancing planetary health,” aiming to solve the three social issuesof "achieving both a stable supply of energy and decarbonization," "reducing the environmental
impact of resource use," and "establishing and maintaining infrastructure and services that
support our daily lives" with making full use of the capabilities it has cultivated.
For more information, please visit https://www.jgc.com/en/Open3