Oman-China MoU on hydrogen fuel cell trucks

News 3 December 2024

A Memorandum of Understanding has been signed between FTXT Energy Technology Ltd., a Chinese company that specializes in fuel cell systems for the transportation industry and Synergy Investment LLC, an Omani company, to collaboration in the area of hydrogen fuel cell commercial vehicles. Synergy Investment LLC has business interest in the clean energy, e-mobility and associated green economy sectors. Great Wall Motor (GWM), a SUV and pickup manufacturer in China with a growing footprint in electric vehicle market, owns FTXT Energy Technology.

The MoU calls on both parties to work together in R&D, manufacturing, sales, and associated service facilities, as well as technical assistance and post-purchase services, for commercial hydrogen fuel cell vehicles in Oman and other Middle Eastern nations. Objective of MoU is to advance use of hydrogen for commercial vehicles in Middle East .

FTXT has research and development facilities in China (Shanghai and Baoding), Canada, Japan, and Germany. It is into development, manufacturing, and distribution of fuel cell and hydrogen storage systems and components. Its products include pressure regulators, on-tank valves, stacks, fuel cell engines, and on-board hydrogen storage systems.