General – Petronas
Petronas will set up a new independent entity focusing entirely on renewable energy (RE), hydrogen and green mobility by the middle of this year.
Its president and group CEO Datuk Tengku Muhammad Taufik Tengku Aziz said the entity is aimed to solve the clean energy needs of their customers and support the group’s global aspirations.
Apart from that, he said, the national energy firm will also set up a carbon management unit, which is a centralised unit under its upstream business to accelerate decarbonisation efforts across the group.
“We will set up a new independent entity that will focus entirely on three sectors namely RE, hydrogen and green mobility. This entity will be set up in the middle of this year.”
“We are also setting up a carbon management unit to manage the carbon storage portfolio for emissions from our operations and to establish a regional carbon storage hub as a new revenue generator,” he said during the group’s financial result announcement and media briefing in Kuala Lumpur recently.
