Petronas sets net-zero carbon ‘aspiration’
Malaysian NOC is the first major Asian hydrocarbons producer to establish a goal but details remain scanty
Petronas became the first Asian oil and gas producer to announce, in early November, that it was aiming for net-zero carbon emissions by 2050. But analysts say that without further details about these plans it is too early to draw conclusions over how the NOC’s operations will change in the near term. Speaking at a company townhall in late October, Petronas chief executive Tengku Muhammad Taufik said the firm had an “aspiration” to hit net-zero carbon for its Scope 1 and Scope 2 emissions—those coming from its own production, refining and marketing—by 2050. This brings it roughly into line with European majors such as Shell, Total and BP as well as IOCs such as Spain’s Repsol, although some
Also in this section
24 April 2024
Demand for energy purposes to outpace feedstock applications by the 2040s as government policies drive consumption, says DNV
24 April 2024
Danish firm joins growing list of European electrolyser manufacturers establishing production in US as IRA incentives prove strong draw
19 April 2024
UAE renewables developer weighs opportunities to join green hydrogen projects in US and Canada, Andreas Bieringer, director of green hydrogen business development and commercial, tells Hydrogen Economist
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter