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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Petronas exploring renewable energy market | The Malaysian InsightHowever, its core businesses will still be oil and gas, says Wan Zulkiflee Wan Ariffin.
Source: msianinsight - 🏆 8. / 63 Read more »

Chinese stock market still largely unexplored, forum toldPETALING JAYA: China’s huge domestic stock market, which has grown to become the second largest in the world, presents an attractive opportunity for investors, said Value Partners Ltd.
Source: staronline - 🏆 4. / 75 Read more »

Sabah Marine Police goes to market to combat fish bombingOperations to focus on traders suspected of selling fish from bombing activities.
Source: malaysiakini - 🏆 20. / 51 Read more »