Annica wins Sarawak solar‑hydrogen project in regional expansion

The contract extends its footprint into hydrogen grid in rural Malaysia build.

Singapore-based Annica Holdings Limited has secured a commercial renewable energy project in Sarawak, Malaysia, marking an expansion of its clean energy activities in the region.

The company’s renewable subsidiary, H2 Energy Sdn Bhd, received a Letter of Award from Universiti Malaysia Sarawak to design and deploy integrated solar and hydrogen energy systems for the Kampung Assum Living Lab initiative.

The project will involve off-grid power solutions supported by hydrogen technology, with implementation expected to start at the end of June 2026.

“The project represents the successful conversion of a non-binding Memorandum of Understanding signed in 2024 into a commercial contract,” the company said.

Sarawak is developing its renewable energy sector, but parts of the state remain outside the national grid due to geography, with Annica saying the system targets these off-grid communities.

Separately, Annica is in discussions to expand a framework agreement between its subsidiary Cahya Suria Energy Sdn. Bhd. and Travia Consultancy Services Pte. Ltd. to include production of diesel-grade products from end-of-life tyres.

The companies currently operate a waste tyre recycling facility in Tanjung Malim, Malaysia, fitted with 13 pyrolysis production lines.

“Designed to process up to 40,000 metric tonnes of tyres annually, the recycling facility is currently undergoing retrofitting works and permitting activities. Commercial production is expected to commence by the fourth quarter of 2026,” the company said.

The proposed expansion builds on a framework agreement signed in September 2025, with both companies working to improve feedstock supply and output quality through upgraded pyrolysis processes and additional tyre sourcing.

Annica is conducting a renounceable rights issue of up to 168.455 million new shares at $0.034 (US$0.0266) each.

The company expects to raise up to $5.23m (US$4.09m) if fully subscribed, which will fund project development, working capital, investor relations, and debt reduction.

Sandra Liz Hon Ai Ling, Executive Director and CEO of Annica, said the company will pursue further renewable energy projects and expects output growth from its recycling facility once operational.

(US$1 = SG$1.28)

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