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Founded Year

1972

About Sarawak Economic Development

Sarawak Economic Development Corporation (SEDC) operates as a state-owned statutory body that aims to promote commercial, industrial and socio-economic development. It offers services in the tourism, hospitality, and real estate sectors. It was founded in 1972 and is based in Sarawak, Malaysia.

Headquarters Location

Menara SEDC, No. 2, The Isthmus, Kuching

Sarawak, 93050,

Malaysia

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Latest Sarawak Economic Development News

Green Hydrogen in Sarawak: Bintulu Projects Set to Transform the Energy Sector

Sep 6, 2023

Green Hydrogen in Sarawak: Bintulu Projects Set to Transform the Energy Sector In a significant stride towards establishing Sarawak as a key player in the global green energy arena, Premier Tan Sri Abang Johari Openg has unveiled ambitious plans for two major hydrogen production projects in Bintulu. These projects, named H2biscus and H2ornbill, are poised to become the cornerstones of Sarawak’s burgeoning green hydrogen economy and are expected to be operational in the Bintulu Petchem Industrial Park by 2027. The H2biscus project, a focal point of Sarawak’s green energy ambitions, is slated to produce an impressive 7,000 tonnes per annum of green hydrogen for domestic use. Additionally, it aims to generate 600,000 tonnes per annum of blue ammonia, 630,000 tonnes per annum of green ammonia, and 460,000 tonnes per annum of green methanol for export. The premier emphasized that Sarawak is eyeing Japan and Singapore as key export markets for these products, underlining the state’s commitment to international green energy trade. In an era of global cooperation towards sustainable energy solutions, Sarawak Economic Development Corporation’s subsidiary, SEDC Energy, is collaborating with three South Korean giants—Samsung Engineering, Posco, and Lotte Chemicals. Together, they are spearheading the development of a green hydrogen derivative facility as part of the H2biscus project. This partnership encompasses all aspects of the project, from direct investment to construction, transportation, and utilization. Additionally, SEDC Energy is forging partnerships with Japanese companies Sumitomo Corporation and Eneos for the H2ornbill project, aimed at scaling up green hydrogen production. These international collaborations highlight the global significance of Sarawak’s hydrogen endeavors. Premier Abang Johari Openg expressed his belief in the limitless potential of the hydrogen economy. Besides the monumental H2biscus and H2ornbill projects, SEDC Energy is actively developing a hydrogen production plant and refueling station to support the Kuching Urban Transportation System (KUTS) project. The hydrogen production plant, located in Rembus, Kota Samarahan, is anticipated to be operational by 2025. KUTS, with an estimated cost of RM6 billion, will introduce a hydrogen-powered autonomous rapid transit (ART) system—a unique blend of train, bus, and tram. Phase 1 of KUTS ART will encompass the Samarahan and Serian lines, spanning a total of 53 kilometers across southern Sarawak. These groundbreaking initiatives underscore Sarawak’s commitment to pioneering sustainable and environmentally conscious energy solutions. The Bintulu projects, H2biscus and H2ornbill, represent not only a technological leap but also a promise for a greener, more sustainable future for the region and the world.

Sarawak Economic Development Frequently Asked Questions (FAQ)

  • When was Sarawak Economic Development founded?

    Sarawak Economic Development was founded in 1972.

  • Where is Sarawak Economic Development's headquarters?

    Sarawak Economic Development's headquarters is located at Menara SEDC, No. 2, The Isthmus, Kuching, Sarawak.

  • Who are Sarawak Economic Development's competitors?

    Competitors of Sarawak Economic Development include GHL Systems Berhad and 3 more.

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Compare Sarawak Economic Development to Competitors

Sabah Tourism Board Logo
Sabah Tourism Board

Sabah Tourism is an organization that works to promote and support local tourist destinations and activities. It was founded in 1976 and is based in Kota Kinabalu, Malaysia.

Pertama Digital Logo
Pertama Digital

Pertama Digital is an investment holding company. It provides investment holding and management services to fintech and government companies. It develops, operates, and maintains mobile messaging and mobile payment applications. It provides solutions in mobile and web apps, mobile payment and messaging, business empowerment application programming interfaces, and other customized digital services. It was founded in 1984 and is based in Shah Alam, Malaysia.

A
Amcorp Group

Amcorp Group operates as an investment holding company. The company specializes in financial services and property investement and development. It was founded in 1911 and is based in Petaling Jaya, Malaysia.

U
Urban Development Authority Holdings

Urban Development Authority (UDA) Holdings advances planned urban development across business, industry and housing. The company develops and invests in properties, manages bowling alleys, golf courses, and hotels, as well as provides facility management services. It was founded in 1971 and is based in Kuala Lumpur, Malaysia.

G
GHL Systems Berhad

GHL Systems Berhad is a payment service provider in the ASEAN region with operations across Malaysia, the Philippines, and Thailand. GHL provides integrated, end-to-end payment services and solutions encompassing physical, internet, and mobile payments. Other than serving the traditional banking and financial sector, the company also serves major telecommunications companies, retailers, and airlines in the ASEAN region. GHL manages thousands of acceptance points that enable credit card, debit card, prepaid contactless payment, loyalty, prepaid top-up, and bill payment collection services. The company was founded in 1994 and is based in Kuala Lumpur, Malaysia.

Sabah Logo
Sabah

Sabah is an online news source. It provides news about life, the economy, health, the world, and more. It was founded in 1985 and is based in Istanbul, Turkey.

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