Petronas explores renewable energy market

The company has allocated RM30 billion for its upstream oil and gas activities in 2019.

Wan Zulkiflee said against the backdrop of demand for more sustainable energy sources, Petronas is considering viable investments in renewable energy, namely in solar, wind and biomass projects on a commercial scale. These new ventures would support the energy, science, technology, environment and climate change ministry’s initiatives to reduce carbon emissions and achieve a low-carbon economy status by 2050.

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