Malaysian state oil firm Petronas established Gentari as part of a global push to produce carbon-free energy, Reuters reported.
In 2020, Petronas, the world’s fourth-largest LNG exporter, announced that it was stepping up investments in hydrogen and expanding its renewable energy portfolio.
According to a statement by Gentari, Petronas has assigned Gentari to deliver renewable energy solutions, hydrogen solutions, and green mobility solutions to become a full-service net zero solutions provider.
The company plans to build 30-40 gigawatts of renewable energy capacity by 2030, primarily through solar, and provide up to 1.2 million tonnes of hydrogen annually (mtpa).
Petronas, whose chief executive is also Gentari’s chairman, will provide Gentari with resources and capacity to pursue clean energy on an industrial scale.
The company said it has more than 1 gigawatt-peak (GWp) of solar capacity in India and Malaysia, a pipeline of clean hydrogen projects, and more than 220 electric vehicles.
Clean hydrogen projects are being developed in Malaysia as well as in other markets, and the first one is expected to be operational by 2025.