The Government of Malaysia has announced plans to produce 2 million tonnes of hydrogen annually by 2030, with the goal of scaling up to 16 million tonnes by 2050 under the Emission Driven Scenario (EDS). This initiative, part of the Hydrogen Economy and Technology Roadmap (HETR), is expected to generate significant revenue, with projections reaching RM905 billion by 2050. The global green hydrogen market is set to grow to USD189.19 billion by 2050, and Malaysia aims to capture 2 per cent of this market.
To achieve this, Malaysia will phase out grey hydrogen and focus on green hydrogen, with blue hydrogen serving as a transitional fuel. It is also exploring subsidies for hydrogen-related projects and aims to support demonstration projects in transportation, power generation, and industrial processes to accelerate hydrogen adoption.