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Petronas steps up investments in hydrogen as part of carbon-free energy goals

11/23/2020

Malaysia’s state energy firm Petronas said it is stepping up investments in hydrogen as part of a global push to produce carbon-free energy, even as the firm expands its portfolio in LNG and renewable energy. “The trajectory for moving towards hydrogen is really picking up space,” chief executive Tengku Muhammad Taufik Tengku Aziz said during the APEC CEO Dialogues. “It is typically the same customer base in emerging Asia, who are making more pronounced noises and desire to create a market for hydrogen,” he added. Petronas, the world’s fourth-largest exporter of LNG, this month announced its goal to become a net zero emitter of greenhouse gases by 2050 and also plans to increase its inves

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