Petroliam Nasional Bhd (Petronas) recently announced the establishment of a new clean energy solutions company to accelerate the adoption and commercialization of clean energy.
Dubbed Gentari Sdn Bhd, it is part of a global push by the state oil firm to deliver a suite of renewable energy, hydrogen and green mobility solutions that are safe, responsible, cost-optimised, and emissions-abated by applying an integrated approach across the clean energy value chain for customers globally.
Gentari chairman Tengku Datuk Muhammad Taufik said it would offer cleaner energy solutions to meet the energy needs and lower carbon aspirations of Malaysia and its customers at home and abroad.
"With a dedicated team focusing on the supply, distribution, and retail of cleaner energy, we aim to capture opportunities in the low carbon energy space by providing affordable and accessible solutions and systems by enabling scale of production and infrastructure availability.
"Elevating the progress that Petronas has achieved to date under its existing New Energy Business and building on partnerships with next generation energy and technology providers, Gentari will benefit from the immediate capacity and resources to pursue clean energy at an industrial scale, starting with Malaysia and Asia Pacific."
Adding to this, the company aims to supply up to 1.2 million tonnes per annum of hydrogen by leveraging competencies in developing large projects to achieve scale as a low carbon hydrogen producer beginning with projects in Malaysia.
The new entity also aspires to become a preferred green mobility solutions provider, supporting the electric vehicle (EV) ecosystem by capturing 10 per cent market share (circa 25,000 charging points based on current estimates) across key markets in Asia Pacific with an anchored presence in Malaysia and India.
By 2030, Gentari aspires to build a renewable energy capacity of 30-40 gigawatt, specifically in solar with added opportunities in wind and battery storage.
Gentari’s clean energy assets and projects today include one gigawatts peak (GWp) of solar capacity in India and Malaysia, respectively. It has a pipeline of clean hydrogen projects being developed in Malaysia and other prioritised markets together with partners where the first of these projects is targeted to come onstream in 2025.
“We look forward to meeting the energy requirements of today and the future with cleaner energy solutions that fuel progress in a just and sustainable manner,” added Tengku Muhammad Taufik.