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CORPORATE STRATEGY

Petronas Sharpens Transition Focus With Clean Energy Unit

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  • New Petronas unit Gentari aims to quickly build a diversified clean energy portfolio focused on the Asia-Pacific through inorganic growth and partnerships.
  • Gentari’s strategy is to make investments in renewable energy first to provide decarbonized electricity for its hydrogen and green mobility schemes.
  • Parent Petronas will be its chief source of capital but Gentari says it could also try to tap the green finance market to fund its development.

The Issue

Topics:
Corporate Strategy , Low-Carbon Policy, Hydrogen, Electric Vehicles, Renewable Electricity , NOCs, Capital Spending
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