The fourth-largest exporter of liquefied natural gas (LNG), Petronas announced the establishment of a new clean energy solutions company- Gentari. The announcement came from Malaysia on Thursday that this will be part of a global push by the state oil firm to produce carbon-free energy.
Earlier, in 2020, Petronus said it will be stepping up investments in hydrogen and expanding its portfolio in renewable energy.
According to a statement by Gentari, this company is tasked with delivering renewable energy, hydrogen, and green mobility solutions, with the long-term goal of becoming a “full suite net-zero solutions provider”.
By 2030, Gentari aims to provide 1.2 million tonnes per annum (mtpa) of hydrogen and build a renewable energy capacity of 30-40 gigawatts (GW). The company also aims to capture 10% of the electric vehicle (EV) ecosystem across key markets in the Asia Pacific, particularly in Malaysia and India.
According to Gentari’s chairman, Tengku Muhammad Taufik, who also serves as Petronas’ chief executive, Gentari will benefit from Petrona’s resources and capacity to pursue clean energy on an industrial scale.
The first clean hydrogen project developed in Malaysia and other markets will be launched in 2025.