In a statement today, the national oil firm said 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.

Gentari chairman Tengku Muhammad Taufik Tengku Aziz said Gentari would offer cleaner energy solutions to meet the energy needs and Malaysia’s lower carbon aspirations for its customers at home and abroad.

With a dedicated team focusing on the supply, distribution, and retail of cleaner energy, Petronas aims 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.

“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,” said Tengku Muhammad Taufik.

By 2030, Gentari aspires to build a renewable energy capacity of 30-40 gigawatt (GW), specifically in solar with added opportunities in wind and battery storage.

The company is also looking to supply up to 1.2 million tonnes per annum (mtpa) of hydrogen by leveraging competencies in developing large projects to achieve scale as a low carbon hydrogen producer beginning with projects in Malaysia.