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    F3C   DE0007568578

SFC ENERGY AG

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PRESS RELEASE : SFC Energy wins PETRONAS Chemicals Group Berhad as new supplier of methanol for its customers in the Asian region

10/21/2021 | 01:31am EST

DGAP-News: SFC Energy AG / Key word(s): Miscellaneous SFC Energy wins PETRONAS Chemicals Group Berhad as new supplier of methanol for its customers in the Asian region 2021-10-21 / 07:30 The issuer is solely responsible for the content of this announcement.

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SFC Energy AG - Press release

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

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 distribution network. With PETRONAS Chemicals Group Berhad (PCG), SFC Energy gains an essential producer of ultra-high purity methanol for its customers in the Asian region.

From now on, customers 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 tons. Its proximity to customers not only simplifies logistics and consulting, it also reduces costs by skipping conventional trade routes and reduces the carbon footprint. Thus, SFC Energy customers and above all the environment benefit.

"We want to contribute to the Race-to-Zero by reducing the share of fossil raw materials in off-grid energy supply. High purity methanol is an essential part of achieving this goal. As part of our expansion in Asia, we can reach our local customers even better, save costs and also reduce our carbon footprint through more efficient logistics. In an environment of globally rising energy prices and tearing supply chains we simultaneously increase security of supply 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: "The ultra-high purity methanol produced by PCG is of higher quality than the required specification by the International Methanol Producers and Consumers Association (IMPCA), hence making it a superior choice for Direct Methanol Fuel Cell (DMFC). As a low carbon solution, it contributes to our efforts in reducing greenhouse gas emissions as every litre of ultra-high purity methanol utilised in DMFC emits 24% lower CO? as compared to diesel portable power generator of similar capacity. Besides being environmentally friendly, we are confident that this innovative product will meet the needs of customers as it is a reliable and autonomous source of energy."

For more information on SFC Energy's Clean Energy and Clean Power Management solutions, visit sfc.com. About SFC Energy AG SFC Energy AG is a leading provider of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions. With the Clean Energy and Clean Power Management business segments, SFC Energy is a sustainably profitable fuel cell producer. The Company distributes its award-winning products worldwide and has sold more than 50,000 fuel cells to date. The Company is headquartered in Brunnthal/Munich and operates production facilities in Germany, the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857, ISIN: DE0007568578).

SFC Press Contact: Jens Jüttner Tel. +49 89 125 09 03-32 Email: jens.juettner@sfc.com Web: sfc.com

SFC IR Contact: Susan Hoffmeister Tel. +49 89 125 09 03-33 Email: susan.hoffmeister@sfc.com Web: sfc.com

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2021-10-21 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      SFC Energy AG 
              Eugen-Sänger-Ring 7 
              85649 Brunnthal-Nord 
              Germany 
Phone:        +49 (89) 673 592 - 100 
Fax:          +49 (89) 673 592 - 169 
E-mail:       ir@sfc.com 
Internet:     www.sfc.com 
ISIN:         DE0007568578 
WKN:          756857 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1242319 
 
End of News   DGAP News Service 
=------------ 

1242319 2021-10-21

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1242319&application_name=news

(END) Dow Jones Newswires

October 21, 2021 01:30 ET (05:30 GMT)

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