On November 30, FTXT Energy Technology Co., Ltd. (hereinafter referred to as FTXT) officially signed a Memorandum of Understanding (MOU) on “Strategic Cooperation in Hydrogen Fuel Cell Commercial Vehicles” with Synergy Investments LLC (hereinafter referred to as Synergy) from the Sultanate of Oman (also known as Oman) in Baoding, China. This strategic agreement marks a significant step forward in FTXT’s expansion into the Middle East market and initiates in-depth cooperation between the two parties in the field of hydrogen fuel cell commercial vehicles. FTXT’s international business footprint is steadily growing.
FTXT President Chen Xuesong and Synergy CEO Ziad Helou signed the agreement on behalf of both parties. FTXT’s Overseas Business Director Li Guoning, Synergy’s Business Director Bray Hao, and relevant members of FTXT’s overseas business team attended the signing ceremony.
According to the MOU, both parties will jointly explore the development, production, sales, and related service networks, technical support, and after-sales services for hydrogen fuel cell commercial vehicles in Oman and other Middle Eastern countries. They aim to develop the hydrogen fuel cell commercial vehicle market in the region and promote the internationalization of the hydrogen energy industry.
As a supplier of fuel cells and hydrogen storage systems, FTXT will leverage its expertise and extensive experience in the hydrogen energy field to collaborate with vehicle manufacturers, providing Synergy with advanced hydrogen fuel cell technologies and products, as well as hydrogen-powered vehicles. Synergy will be responsible for market expansion and local operations, fully utilizing their respective strengths in industries, technologies, and resources. The goal is to jointly develop and complete a hydrogen fuel cell vehicle demonstration operation scenario in Oman within the next 2-3 years, actively promoting the construction of hydrogen infrastructure and the diverse application of hydrogen energy scenarios, thus providing strong support for the development of the hydrogen energy industry in the Middle East.
On the day of the signing, Synergy CEO Ziad Helou and his team also visited the FTXT showroom, R&D testing center, product production lines, as well as the various hydrogen-powered vehicles provided by FTXT. They held in-depth discussions on the preparation and acceleration of the local demonstration project’s implementation.
The Sultanate of Oman, located in the southeastern part of the Arabian Peninsula in the Middle East, borders the UAE, Saudi Arabia, and Yemen, and is surrounded by the Gulf of Oman and the Arabian Sea. Oil and natural gas are its pillar industries. Against the backdrop of global energy transition, Oman has chosen the development of hydrogen energy as an important option for its green transformation and sustainable development. Synergy, as an energy industry giant in Oman, is implementing the country’s energy transformation strategy by actively investing in and developing green hydrogen energy projects, leveraging its local government connections and financial resources.
The signing of this strategic cooperation represents the formal establishment of a hydrogen energy strategic partnership between the two parties. It not only lays the foundation for FTXT’s expansion in the Middle East market but also provides new momentum for the green energy transformation and environmental protection in the region.
