Petronas extends its sustainability solutions to the Middle Eastern market by entering into six new supply and commercialisation collaborations at the ongoing Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2022.
Its technology commercialisation arm, Petronas Technology Ventures Sdn Bhd (PTVSB), sealed commercial agreements with Sigma Enterprises, a company of Mazrui Energy for the deployment of SolidClenz and ProAssure Wrap technologies as well as with Euro-Circuit Technology Sdn Bhd to supply Bio-Solv, a sustainable and biodegradable water-based chemical for desanding, desludging, degreasing and cleaning applications.
SolidClenz™ is a custom-designed technology used to remove solid deposits for wells, pipelines, and heat exchangers to increase well flow and enhance production, while ProAssure™ Wrap is an overwrap pipeline repair system that is based on high-strength composite materials.
PTVSB also signed Heads of Agreement (HOA) with Petrofac to consider options for the commercialisation of its proprietary Proton Exchange Membrane (PEM) electrolyser for hydrogen production. Further to this, it entered into an HOA with SEDC Energy Sdn. Bhd., a wholly owned subsidiary of Sarawak Economic Development Corporation to not only establish a PEM assembly plant in Sarawak to support a growing demand for PEM electrolysers worldwide.
The caompany is also collaborating with Aerodyne Group to explore commercialisation arrangements on the adoption of its Artificial Intelligence (AI) and drone-assisted technologies.
Commenting on the deals, Senior Vice President of Project Delivery and Technology, Datuk Bacho Pilong said, “We are excited to enter the Middle Eastern market and work together with our new partners to widen the reach of our innovations so that more companies and customers can benefit from our solutions which bear the hallmarks of being safe, responsible, cost-optimised, and emissions-abated just like Petronas’ energy offerings.
PTVSB Chief Executive Officer, Dr. Mahpuzah Abai noted that the oil giant has more than 400 commercialised technologies and 4,000 intellectual properties ready as solutions for partners and customers.
