Continued Value Creation

PETRONAS aims to drive long-term business value creation
through responsible investments.
 
Accelerating Technology Innovations
We are committed to the development and scalability of future technology and the ecosystems that bring them to life. In 2019, PETRONAS Corporate Venture Capital (CVC) allocated USD350 million in investments to drive technology innovation and maintain a competitive edge to support our energy businesses. With a global mandate, PETRONAS CVC scouts for visionary entrepreneurs to solve critical problems in the industrial and energy space through breakthrough technology and innovative business models – focusing on industry 4.0, advanced materials and specialty chemicals, and future energy.
 
Besides investments, PETRONAS CVC runs its flagship FutureTech Accelerator programme to discover and nurture local technology startups, helping them scale globally. Leveraging our strong global network across the energy value chain, we help transform these startups into leaders in capital venture ecosystems.
Future Facilities Reimagined
By using advanced materials, we optimise and strengthen operations integrity. Under our Facilities of the Future (FoF) programme, we automate hazardous and repetitive tasks to make offshore work safer and more efficient, safeguarding the well-being of our employees. The use of automation and robots also means reducing the operating cost of our offshore facilities, creating a more sustainable way of working for PETRONAS and our partners.
A Brighter Future for All
With the acquisition of Amplus Energy Solutions Pte Ltd (M+) in April 2019, we established ourselves as an international renewables energy player, complementing our presence as a key global energy player. With M+, PETRONAS will be generating over 600 MWp of renewable energy annually to power over 150 commercial and industrial customers in 200 locations across India, Middle East and Southeast Asia. This reinforces our commitment towards creating a sustainable ecosystem, to combat greenhouse gas emissions and build a greener future for generations to come.
 
Lowering Our Global Carbon Footprint
 
Building upon our experience as a fully-integrated global LNG player, we exemplified our commitment to sustainability with the world’s first floating LNG solution in 2016, the PFLNG SATU, a mobile facility capable of processing LNG while offshore. Its ability to reach stranded gas fields up to 200 metres underwater removes the need for pipelines, enabling us to produce cleaner energy while protecting the environment. In 2020, we continue to define the future of LNG with the introduction of the PFLNG DUA, the world’s first deep-water FLNG capable of extracting gas reserves up to 1,500 metres underwater. Delivered through innovation with an emphasis on reducing carbon emissions, our FLNG solutions enable us to power the world with an uninterrupted supply of cleaner energy produced in a sustainable manner.
Better Everyday Products
with Specialty Chemicals
 
With a total of USD27 billion invested in Pengerang Integrated Complex (PIC), we drive scalable innovation through specialty chemicals that will continue to generate value for PETRONAS. As one of the largest integrated refinery and petrochemical developments in this region, PIC has a refining capacity of 300 kbpd of crude. PIC will also diversify our feedstock reliability from gas-based to naphtha, and expand our petrochemical portfolio with a nameplate capacity of 3.3 mtpa, producing various products including specialty chemicals. These chemicals are vital for the production of quality everyday products that add value to people’s lives. We are also working towards making PIC the future site of Southeast Asia’s first chemical recycling project, which will convert mixed plastics waste into virgin quality polymer.
Making Sustainable Solutions Go Further
 
Our fuels, lubricants and functional fluids are developed to deliver superior performance in tough conditions. Engineered and tested in the world of motorsports, they produce proven results. These include high-octane petrol, sulphur-free diesel, and multi-purpose fuel additives; a new upgrade of our best-selling range of automotive engine oils and a range of sustainable biofuels with lower consumption, emissions and carbon footprint. There is also our first line of battery electric vehicle fluids, marking our entry into future markets. All these are made possible by partners and experts who share the same vision as PETRONAS. Together we are committed to deliver cutting-edge fuels, engine oils, and functional fluids for a low-carbon future for the ultimate end-users: you.
Innovation
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