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In continuation on my mention on B.I.G INDUSTRIES BHD, here is what you can expect on how Sarawak state government initiative to go green by using hydrogen fuel cell bus in public transportation will benefit the company in the long run.
For detailed reading, here is the reference source
https://www.theborneopost.com/2021/02/28/sarawak-towards-sustainable-mobility/
Basically, Sarawak under SEDC (Sarawak Economic Development Corporation) is aiming to reduce carbon emission and improve energy contribution using green initiative.
Among the start, Sarawak Metro Sdn Bhd (wholly owned subsidiary of SEDC) will be looking to transform the public road system with hydrogen fuel cell feeder bus.
The blue line is hydrogen fuel cell powered bus which will have hydrogen refill station at each end.
Aside from higher consumption of hydrogen from the public transport usage, such facilities (refill station) will require logistic handling and maintenance of hydrogen gas to be transferred through pipe line and special tanks. This will ultimately benefit for B.I.G INDUSTRIAL BHD as they are expert in such work.
Investment will continue to pour in as Sarawak effort to reduce the carbon emission from public transportation. Hence, B.I.G will be getting long term supply and maintenance contract which will ultimately make them a positive cash cow when utilization peak up.
Eventually, Sarawak hope to develop the state to become a green hydrogen producer in the region. With the investment from Samsung Engineering, POSCO International and Lotte Chemical, it will help Sarawak SEDC to realize this target into a reality.
According to EU Hydrogen study, the hydrogen market will worth USD 11 trillion by 2030. It will be a huge market and massive investment will be needed now to build the infrastructure ready.
For this, B.I.G INDUSTRIES BHD will be well positioned to capture all side of growth in the use of hydrogen.
IMPORTANT NOTICE
Please be informed, I am not a professional or certified analyst. I am not a licensed consultant, just a normal retail investor. I am just sharing my ideas and opinion on the market outlook. Any company mentioned should not be interpreted as a buy/sell/trade call. Please do your own research and buy/sell/trade at your own risk.
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