The Omani partner in the MoU has been named as Synergy Investment LLC, a well-established player in the clean energy, e-mobility and related green economy sectors.
“The signing of this strategic cooperation is an important reflection of the formal establishment of a hydrogen energy strategic partnership between the two parties. It marks a significant step for GWM Hydrogen-FTXT in its layout of the Middle East market. Additionally, it will provide new impetus for the green energy transition and environmental protection in the Middle East region,” said FTXT in a statement.
Under the MoU, both parties will jointly explore the establishment of research and development, production, sales, and related service sites, technical support, and after-sales services for hydrogen fuel cell commercial vehicles in Oman and other Middle Eastern countries. Together, they aim to develop the hydrogen fuel cell commercial vehicle market in the Middle East and promote the internationalization of the hydrogen energy industry, the Chinese partner further noted.
Significantly, FTXT Energy Technology is a subsidiary of Great Wall Motor (GWM), China’s largest SUV and pickup manufacturer, which enjoys an expanding presence in the global electric car market.
A specialist in the development, production and sales of fuel cell and hydrogen storage systems and components, FTXT currently operates five R&D centers in Shanghai and Baoding (China), Canada, Japan, and Germany. Its portfolio of products includes fuel cell engines, stacks, on-board hydrogen storage systems, on-tank valves and pressure regulators.
FTXT says it plans to leverage its extensive experience in the field of hydrogen energy to collaborate with vehicle manufacturers to provide Omani partner Synergy with advanced hydrogen fuel cell technologies and products, as well as hydrogen energy vehicles.
“Synergy will be responsible for market development and localization operations,” it said. “By fully leveraging their respective industrial, technological, and resource advantages, they plan to create and complete demonstration operations of hydrogen fuel cell vehicles in the Sultanate of Oman within the next 2-3 years. They are actively promoting the construction of hydrogen energy infrastructure and diversified applications of hydrogen energy scenarios, providing strong support for the development of the hydrogen energy industry in the Middle East.”
