PETRONAS today introduced Gentari Sdn. Bhd. (“GENTARI”) to accelerate the adoption and commercialisation of clean energy.
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 global clean energy value chain for customers.
Chairman of GENTARI, Datuk Tengku Muhammad Taufik said: “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 the 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 the 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.”
In its rollout, by 2030, GENTARI aspires to build a 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 (EV) ecosystem by capturing 10% market share (circa 25,000 charging points based on current estimates) across key markets in the Asia Pacific with an anchored presence in Malaysia and IndiaGENTARI will be accorded the independence 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.
