Petronas commits to clean energy push via Gentari

KUALA LUMPUR, 16 June 2022:

Petronas has cemented its commitment to clean energy sourcing and supply via newly-established, wholly-owned subsidiary Gentari Sdn Bhd.

In a statement, Petronas said Gentari – combining the English word generation and the Bahasa Melayu word of lestari (sustainable) – will independently pursue and deliver integrated sustainable energy solutions, and to capture opportunities in the energy transition.

“The new entity aims 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. “

It is aiming to achieve by 2030:

  • renewable energy capacity of 30-40 GW, specifically in solar with added opportunities in wind and battery storage;
  • supply up to 1.2 mtpa of hydrogen by leveraging competencies in developing large projects to achieve scale as a low carbon hydrogen producer beginning with projects in Malaysia; and
  • become a preferred green mobility solutions provider, supporting the electric vehicle ecosystem by capturing 10% 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.

Chairman Datuk Tengku Muhammad Taufik said: “Gentari will benefit from the immediate capacity and resources to pursue clean energy at an industrial scale, starting with Malaysia and Asia Pacific.”

Gentari’s existing assets, obtained from Petronas, include:

over 1 GWp of solar capacity in India and Malaysia;

a pipeline of clean hydrogen projects being developed in Malaysia and other prioritised markets together with partners; the first of these projects is targeted to come onstream in 2025; and

over 220 electric vehicles under the Vehicle-as-a-Service model as well as scaling the existing network of some 170 charge points in India and Malaysia.