Petronas

  • Petronas officially launches Gentari – EV leasing via VaaS, 25,000 EV charging points in Asia-Pac by 2030

    Following the announcement of its formation in June, clean energy solutions provider Gentari has now been officially introduced. The brand, which is fully-owned by Petronas, was launched last night by prime minister Datuk Seri Ismail Sabri Yaakob.

    The company aims to become a one-stop provider of clean energy solutions, beginning with a suite of renewable energy, hydrogen and green mobility solutions for commercial, industrial, and retail customers. This will be spread across a mix of local, regional and international projects, addressing customer demand and opportunities on the ground.

    While it will secure support from Petronas during its growth phase, the firm said it will operate as an independently managed entity and will seek financing opportunities to accelerate its growth in order to both meet existing demands and explore emerging energy technologies.

    In a statement, Gentari reiterated its plans to have a renewable energy capacity of 30-40 gigawatt entrenched in key markets by 2030, specifically through solar projects, with added opportunities in wind and battery storage. To date, it already has 1.1 gigawatt peak of renewable energy capacity in operations and under development globally.

    It also aims to produce up to 1.2 mtpa of hydrogen by leveraging competencies in developing large projects to achieve scale as a low carbon hydrogen producer, starting with projects in Malaysia. The segment will target industrial, power and transportation customers, particularly early adopters.

    On the electric vehicle (EV) charging infrastructure front, it is looking to capture a 10% market share. To achieve this, the company will need to pursue the delivery of 25,000 public charging points across key markets in Asia Pacific by 2030, with an anchored presence in Malaysia and India. It added that its mid-term target is to have up to 9,000 public charging points in place by 2026.

    Its portfolio will also include a Vehicle-as-a-Service (VaaS) model, which will offer EV leasing and subscriptions to businesses, starting with light-duty electric vehicles. Presently, it has already installed more than 190 charging points, and delivered a mix of over 250 electric two-wheelers and three-wheelers as part of its green mobility fleet in India and Malaysia.

    In late June, it was revealed that it had begun developing it two-wheeler fleet solution business in Malaysia, working with Eclimo Motors. A pilot programme for this is currently underway, with Setel Express one of the companies utilising the Eclimo ES-11 e-scooter in its commercial duty ES-11 Delivery and ES-11 Utility forms.

    The company, which is presently developing its public charging network in partnership with Mercedes-Benz Malaysia (MBM) and EV Connection (EVC), recently installed new 60kW DC fast chargers at Suria KLCC, which serve four bays at the location.

    This brings its network of DC and AC chargers to 12 locations in the peninsular, including a 180 kW ABB DC at the Petronas station at the Pedas Linggi north-bound R&R and another 180 kW charger (which is configured to output 90 kW + 90 kW) at the Petronas station at Gambang R&R east-bound.

     
     
  • Petronas retains position as Malaysia’s most valuable brand for 12th consecutive year – Brand Finance

    Petronas has retained its position as Malaysia’s most valuable brand for the 12th consecutive year, according to brand valuation consultants Brand Finance.

    The brand value of Petronas rose by 13% to US$13.6 billion (RM60.6 billion), over three times higher than the second most valuable Malaysian brand, Genting. Genting’s brand value rose by 44% to US$4.5 billion (RM20 billion).

    Overall, brand values of top Malaysian brands have seen growth as the country bounces back from the Covid-19 pandemic, with Malaysia’s 100 most valuable brands worth 21% more in 2022, up from US$44.4 billion (RM197 billion) to US$53.7 billion (RM239 billion).

    Making up the top 10 list are Genting (2nd), Maybank (3rd), CIMB Bank (4th), Tenaga Nasional (5th), Sime Darby (6th), Public Bank (7th), Maxis (8th), Air Asia (9th) and Telekom Malaysia (10th).

    “Top-performing brands in the oil and gas, banking and telecommunications sector, including Petronas, Maybank, and Affin Bank, continue to innovate using digital transformation and are making up for losses incurred during the COVID-19 pandemic,” said Brand Finance’s Asia Pacific MD Alex Haigh.

    According to the company, Petronas’ sustainability agenda and increased demand for its core products contributed to its brand value growth. Aside from strengthening its growth portfolio, the national oil and gas firm also aims to achieve its goal of net zero carbon emissions by 2050.

    Recently, Petronas introduced a new entity, Gentari, to accelerate the adoption and commercialisation of clean energy. The company is also targeting to be a significant green mobility solutions provider, by providing around 25,000 EV charging points by 2030.

     
     
  • Petronas ramps up move to clean energy with Gentari – aims to have 25,000 EV charging points by 2030

    Petronas has announced the introduction of a new subsidiary company called Gentari, for the purpose of accelerating the adoption and commercialisation of clean energy. In a statement, the national oil and gas outfit said its new entity aims to deliver a suite of renewable energy, hydrogen and green mobility solutions that are safe, responsible, cost-optimised and emissions-abated.

    The company said it is targeting to have a renewable energy capacity of 30-40 gigawatt, specifically in solar with added opportunities in wind and battery storage, in place by 2030. By then, it also hopes to supply up to 1.2 mtpa of hydrogen by leveraging competencies in developing large projects to achieve scale as a low carbon hydrogen producer, starting with projects in Malaysia.

    On the electric vehicle (EV) charging infrastructure front, it is looking to become a significant green mobility solutions provider, aiming to capture a 10% market share – of around 25,000 EV charging points, based on current estimates – across key markets in Asia Pacific, with an anchored presence in Malaysia and India.

    Presently, its clean energy assets and projects today include over 1 GWp of solar capacity in India and Malaysia as well as over 220 electric vehicles under the Vehicle-as-a-Service (VaaS) model and an existing network of some 170 charge points in India and Malaysia.

    Gentari chairman Datuk Tengku Muhammad Taufik said the company will offer cleaner energy solutions to meet the energy needs and lower carbon aspirations of Malaysia and its customers, both at home and abroad.

    “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,” he said.

     
     
  • Petronas records 154% gain in profit after tax for Q1 2022, revenue increased nearly 50% to RM79 billion

    Petronas has reported a 154.15% increase in profit after tax to RM23.44 billion for the first quarter of this year, ending March 31, 2022, up from RM9.22 billion in the same quarter in 2021, the national oil and gas company has announced in a statement.

    The profit-after-tax figure was in tandem with higher revenue recorded at RM78.8 billion in this period, its statement read; this was an increase of 49.87% from RM52.5 billion following increasing prices which have been partly offset by higher product costs and taxes, The Edge Markets reported.

    The national oil and gas company also reported an increase in total assets to RM652.3 billion as of March 31, up from RM635 billion as of December 31, 2021, which was attributed to higher cash and fund investments.

    Overall capital expenditure for Q1 2022 was RM7.4 billion, while domestic capital expenditure increased by nearly 30%, Petronas stated. Earnings before tax, depreciations and amortisation was reported to be RM39.6 billion, which was mainly attributed to higher revenue that was partly offset by increases in product costs, the company added.

    Its upstream business saw the average daily production of oil increase by 70,000 barrels of oil equivalent to 2.46 billion barrels, up from 2.39 billion barrels daily recorded in Q1 2021. This was attributed mainly to increased production from Malaysian operations due to stronger gas demand, according to Petronas.

    Meanwhile, the downstream business saw a drop in petroleum product sales volume by 1.1 million barrels from 59.4 million to 58.3 million barrels, while crude oil sales dropped 2.5 million barrels from 32.9 million to 30.4 million barrels. Petrochemical product sales remained at 1.9 million tonnes in Q1 2022, the same as in the same quarter last year.

    In the gas business, Petronas delivered 102 liquefied natural gas (LNG) cargoes from its LNG complex in Bintulu, as well as two carbon-neutral LNG cargoes to the Shenergy Group Company in China.

    In the realm of sustainable energy solutions, Petronas recorded solar capacity that has exceeded 1 gigawatt in Malaysia and in India, comprised of capacity that is both already in operation and under development. Its hydrogen division, Petronas Hydrogen signed a non-binding term sheet with Sumitomo for 100 kilotonnes per annum (KTPA) of low-carbon ammonia for offtake in 2025, the company said.

    On the electric vehicles front, Amplus Energy Solutions – purchased by Petronas in 2019 – has delivered 114 EVs under the vehicle as a service (VaaS) model, and has installed 174 charging points in Delhi, Bangalore, Hyderabad and Pune in India.

     
     
  • Petronas, TVS Motor form Petronas TVS Racing India

    Teaming up with TVS Motor Company, national oil company Petronas is title partner for India’s first factory racing team, TVS Racing. Dubbed Petronas TVS Racing Team, the sponsorship agreement sees Petronas supplying Petronas Sprinta high performance lubricants to the team, with the team participating in road, supercross and rally racing categories.

    Among championships contested by the team are the Indian National Motorcycle Racing Championship (INMRC), Indian National Supercross Championship (INSC), and Indian National Rally Championship (INRC). In addition, Petronas Lubricants International will develop a co-branded oil with TVS, Petronas TVS TRU4 Race Pro, available in India from May 2022.

    “Petronas continues to make headway across the value chain in India including supplying LPG through IndianOil Petronas and provision of rooftop solar panels via AmPlus Energy. Petronas lubricants have a solid track record in global motorsport events, and we are proud to support TVS Racing’s ambitions,” said Petronas Group Strategic Communications Senior General Manager Datin Anita Azrina Abdul Aziz.

     
     
  • Energise by Petronas: 5 DC fast chargers along M’sian highways; partnered with Mercedes-Benz, JomCharge

    Last November, Petronas Dagangan Berhad (PDB) announced that it would install DC fast chargers at its fuel stations by the first half of 2022, which will be accomplished in partnership with Mercedes-Benz Malaysia (MBM) and EV Connection (EVC) – the latter being the company behind JomCharge.

    We now have more information about this initiative, which has been given the name “Energise” based on the branded ABB Terra 54 CJG multi-standard charger that was placed alongside the Mercedes-Benz EQA launched today.

    As a start, the Energise network will feature five DC fast chargers installed at strategic locations along the North-South Expressway (NSE) as well as the East-Coast Expressway (ECE). To be a little more specific, one charger will be located close to Ipoh, two will cater to the southern region, while the remaining two is located on the east coast of the Peninsular.

    Most of these chargers will be able to output 180 kW, with one or two being capable of just 50 kW, although these will be upgraded to 180 kW later on. The cost of charging is still being worked out and will differ depending on the type of charger – different price rate for different output capabilities.

    “Sustainability is at the core of everything that we do, and we are excited to extend our expertise with our long-standing partner, Mercedes-Benz to build a holistic EV infrastructure in Malaysia,” commented Azrul Osman Rani, managing director and CEO of PDB.

    “Both brands have a shared vision and capabilities that will complement one another in materialising future mobility in Malaysia. Through this partnership, fast chargers will be available at strategic locations leveraging our wide network of Petronas stations, thus enhancing customer confidence in the adoption of EVs in Malaysia,” he added.

     
     
  • 2022 Petronas Coffee Break – 25th year of campaign brings Shopee and GrabMart discount vouchers

    Petronas has launched its annual Coffee Break safety campaign, where the fuel retailer will be offering free coffee, snacks, discount vouchers, vehicle inspections and health screenings to travellers free of charge during the Chinese New Year festive period this year. The latest edition of the Coffee Break campaign was officiated by deputy transport minister Datuk Henry Sum Agong.

    Customers may engage with the campaign that run from January 29-30 and from February 5-6 at any of the 150 participating Petronas stations nationwide.

    During this time, the road safety department will be carrying out its advocacy programme at 50 participating stations, while St John Ambulance Malaysia will also be present to offer complimentary health screenings including blood pressure and glucose level checks at selected stations.

    Meanwhile, Petronas’ network of automotive workshops, Petronas AutoExpert is also offering a complimentary 18-point vehicle inspection for every engine oil change purchased at 11 outlets across the Klang Valley, as well as three outlets in Negeri Sembilan.

    In addition to the continued partnership with its food and beverage suppliers, Petronas will also giving out RM50 in discount vouchers during the campaign period. This is comprised of an RM18 angpau for new Shopee users, or 10% in Shopee Coin cashback for a minimum expenditure of RM65, capped at 8,000 coins for existing Shopee users.

    These are joined by Grab, which is offering two RM10 discount vouchers for each purchase of at least RM30 through its GrabMart service during the festive period. Additionally, Petronas will also be offering an RM18 angpau that is comprised of discounts for Setel payments and for PRYSM, the official Petronas merchandise online store where shoppers can find the Eighth F1 Constructors Championship T-shirt at RM25.

    “Petronas Dagangan Berhad takes road safety seriously. For 25 years, we have been the trusty travel partner for our customers, serving them coffee and reminding them to take a break when tired through our flagship Petronas Coffee Break campaign. Our wish throughout the festive seasons is for all travellers to reach their destinations safely so that they can celebrate with their loved ones,” said Petronas VP of marketing for downstream business Ahmad Adly Alias.

     
     
  • Petronas pledges RM25 mil towards flood relief efforts

    Petronas has announced that it is contributing RM25 million towards relief efforts to assist victims of the recent floods, which have affected and displaced thousands in many parts of the country.

    The fund – pledged by units and subsidiaries within the Petronas Group including Yayasan Petronas – will augment the total sum contributed by other government-linked companies (GLCs) that are part of the GLC Disaster Relief Network (GDRN).

    As it has done previously, Petronas Dagangan will be deploying its ROVR refueling truck to flood-hit areas to serve customers or assist with operations where petrol stations are closed or inaccessible. The company said it is also extending assistance to its employees affected by the floods, including providing temporary accommodation, meal allowances, special leave, financial assistance as well as food and consumables.

    Separately, the Kelab Sukan dan Rekreasi Petronas (KSRP), the Association of Wives and Women Employees of Petronas (PETRONITA) and Badan Kebajikan Islam Petronas have jointly embarked on a donation drive to be channeled to the victims via the Malaysian Red Crescent Society (MRCS).

     
     
  • Petronas stations to get EV fast chargers by 1H 2022 in partnership with Mercedes-Benz Malaysia, JomCharge

    After a slow start, Malaysia is making big gains in its electric vehicle charging infrastructure. Petronas Dagangan Berhad (PDB) has just announced it will install a number DC fast charging stations at its stations by the first half of 2022, thanks to a new partnership with Mercedes-Benz Malaysia (MBM) and EV Connection (EVC) – the latter being the operator of the JomCharge network of charging stations.

    The Memorandum of Understanding (MoU) will see the national fuel retailer add the chargers to five of its stations along the entire North-South Expressway and part of the East-Coast Expressway during the pilot phase. Petronas says the partnership aims to address the issue of insufficient fast chargers in Malaysia, with the locations of said chargers helping to realise long-distance travel for EV drivers.

    “Sustainability is at the core of everything we do and this strategic collaboration signifies another major stride in our efforts to provide cleaner energy in enriching lives for a sustainable future,” said Petronas vice president of marketing Ahmad Adly Alias.

    “PDB has provided EV charging facilities at our stations since 2017 and one opportunity that we have identified is the demand for faster charging facilities during long distance travel, especially along major highways. Through this partnership, fast chargers will be available at strategic locations leveraging our wide network of Petronas stations, making customers’ life simpler and better. We view this investment in EV charging facilities a necessary step towards promoting the adoption of EVs in Malaysia,” he added.

    Vice president of sales and marketing at MBM, Michael Jopp, confirmed that the company will introduce a range of new fully-electric EQ models in Malaysia next year. “2022 marks the beginning of our Mercedes-EQ model offensive strategy. Mercedes-Benz Malaysia will be introducing a range of our premium all-electric models to define the future of mobility.

    “This is in line with Mercedes-Benz’s global strategy to go all-electric by end of the decade where market conditions allow. Therefore, we are fully committed to invest in our local infrastructure together with PDB and EVC to encourage the EV adoption amongst the Malaysian drivers,” he said.

    Managing director of EVC Ir Lee Yuen How added: “In support of the Malaysian government’s Budget 2022, EVC is delighted to foster this strategic partnership with PDB and MBM in expanding JomCharge DC fast charger network in the country. Given the clear policy from the Government, we believe that next year will be a tipping point for EV adoption in Malaysia. This tri-party partnership is a big step forward to support Malaysia in the transition to EVs as part of our Low Carbon Mobility Blueprint (LCMB).”

    Petronas is not the only fuel retailer to enter the EV charging space in Malaysia. Last month, Shell inked a partnership with BMW Group Malaysia, GreenTech Malaysia and Tenaga Nasional, building on an earlier collaboration with Porsche to install fast charging stations at six Shell stations – also along the North-South Expressway – by mid-2022.

     
     
  • Petronas iona new electric vehicle fluids launched – designed for OEM first-fill, greater efficiency touted

    With the electrification of the automotive industry becoming more and more widespread, petroleum companies are having to adapt their businesses to the new normal. Petronas Lubricants International (PLI) has launched the next generation of its iona electric vehicle fluids to cater to manufacturers of zero-emissions vehicles, promising improvements in efficiency.

    The iona range was first launched in 2019, and the new second-generation lubricants and coolants have been designed to meet the multiple requirements of electric motors and axles, including friction and wear control as well as thermal management. The improved properties of these fluids are meant to maximise the performance, energy efficiency and reliability of high-performance EVs.

    “We believe that e-mobility is expanding at a rapid pace. With this rapid growth, innovative solutions are key to accelerate the move towards e-mobility for a more sustainable future,” said PLI managing director and group CEO Giuseppe D’Arrigo.

    The company has been working with several partners – including Imperial College London, vehicle development services provider FEV Group, automotive engineering company IAV and additive companies – to develop safe, high-performing and dependable fluids specifically for electric powertrains. This collaborative approach has spawned the latest range of EV fluids, designed for OEM first-fill applications.

    The creation of fluids specifically for EVs is part of PLI’s commitment towards sustainability, announced in 2018. In it, the company promised to direct 75% of its research and technology investments at reducing emissions to support its larger goal of achieving net zero carbon emissions by 2050. This comes as a greater proportion of new vehicle sales worldwide is shifting towards EVs.

    According to the recent Global EV Outlook 2021, PLI said, overall vehicle sales fell in 2020 due to the impact of the COVID-19 pandemic. But while sales of conventional petrol and diesel vehicles has also dropped, electric car sales actually saw a 70% increase.

     
     
 
 
 

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Last Updated 26 Jan 2023