KUALA LUMPUR: State-owned oil and gas firm Petroliam Nasional Berhad, or Petronas, has set up a new business within the group to make a push into renewable energy, the head of the new venture said yesterday.
Petronas has expressed interest over the last year to diversify into renewables amid low oil prices. In March, chief executive Wan Zulkiflee Wan Ariffin said Petronas would explore new business areas including new energy and that the company would assess opportunities in solar power.
Jay Mariyappan told an industry forum that the “New Energy” team is in the early stages of looking at options in the renewable energy space.
Mariyappan’s LinkedIn profile shows he started at Petronas in October. Before joining the firm, he was managing director of Sindicatum Sustainable Resources, a Singapore-based clean energy developer.
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