Malaysia’s national oil and gas company Petronas has unveiled a new entity, Gentari, to accelerate the adoption and commercialisation of clean energy.
Gentari 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.
The company by 2030 aspires to build a renewable energy capacity of 30 to 40 gigawatts, specifically in solar with added opportunities in wind and battery storage; and 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, starting with projects in Malaysia.
Gentari is also aiming to become a preferred green mobility solutions provider, supporting the electric vehicle ecosystem by capturing 10% market share — about 25,000 charging points based on current estimates — across key markets in Asia Pacific with an anchored presence in Malaysia and India.
“Gentari will 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,” the company’s chairman Tengku Muhammad Taufik said.
“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.
“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,” he said.
Independence to be afforded
The new entity will be afforded the required independence from Petronas to focus on innovating and delivering clean energy solutions, while seeking financing opportunities to grow the business faster to meet existing demands and explore emerging energy technologies.
Gentari takes its name from the shortened combination of the English word “generation” or “to generate” and the Bahasa Melayu (Malay language) word “lestari”, which means sustainable.
The company’s existing clean energy assets and projects include solar capacity in Malaysia and India and a pipeline of clean hydrogen projects being developed on home soil and in other prioritised markets together with partners; the first of these projects is targeted to come on stream in 2025.
“With already available solutions in our portfolio, we are committed to making the journey to net zero more feasible for our customers, while growing the overall market for clean energy by investing and innovating with like-minded partners to achieve greater results,” Gentari said.
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