SFC Energy wins PETRONAS Chemicals Group Berhad as new methanol supplier for its customers in Asian

Brunnthal/Munich, Germany, October 21, 2021 – SFC Energy AG (F3C:DE, ISIN: DE0007568578), a leading supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions, significantly expands its supplier network.

With PETRONAS Chemicals Group Berhad (PCG) SFC Energy gains an essential producer of high-purity methanol for its customers in Asia.

From now on, users of EFOY fuel cells in the region can be supplied much more efficiently with methanol in commercially available fuel cartridges. The hub is the production site on the island of Labuan (Malaysia) with an annual volume of 2.4 million tonnes. Proximity to customers not only simplifies logistics and consulting, it also reduces costs by skipping conventional trade routes and reduces the CO2 footprint. Thus, SFC Energy customers and especially the environment benefit.

“We want to make our contribution in the Race-to-Zero by reducing the share of fossil raw materials in off-grid energy supply. High-purity methanol is an essential component in achieving this goal. As part of our expansion in the Asian region, we can reach our local customers even better, save costs and also reduce the CO2 footprint through more efficient logistics. In an environment of globally rising energy prices and tearing supply chains, we simultaneously increase supply security for all users of the EFOY fuel cell series”, says Dr. Peter Podesser, CEO of SFC Energy AG.

Datuk Sazali Hamzah, Managing Director/Chief Executive Officer of PCG, says: “Ultra High Purity Methanol produced by PCG is of higher quality than the specification required by the International Methanol Producers and Consumers Association (IMPCA), making it an excellent choice for methanol fuel cells (DMFC). As a low carbon solution, it contributes to our efforts to reduce greenhouse gas emissions as each litre of high purity methanol used in the fuel cell emits 24% less CO₂ than a portable diesel generator of similar capacity. We are confident that this innovative product is not only environmentally friendly, but will also meet the needs of customers by providing a reliable and autonomous source of energy.”

For more information on SFC Energy’s Clean Energy and Clean Power Management solutions, please visit www.sfc.com.

About SFC Energy AG

SFC Energy AG(www.sfc.com) is a leading supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions. With its Clean Energy and Clean Power Management business segments, SFC Energy AG is a sustainably profitable fuel cell producer. The company sells its award-winning products worldwide and has sold more than 50,000 fuel cells to date. Headquartered in Brunnthal near Munich, Germany, the company operates production sites in the Netherlands, Romania and Canada. SFC Energy AG is listed in the Prime Standard of the German Stock Exchange (WKN: 756857 ISIN: DE0007568578).