For the past five decades, PETRONAS has been at the forefront of the global energy sector, pioneering innovation and driving industry transformation. Recognizing that the transition to a low-carbon, sustainable future is not merely an environmental necessity but also a socio-economic imperative, PETRONAS remains steadfast in its mission to balance growing global energy demands with a just and equitable transition for all. The company’s latest strategic collaboration with the United Kingdom-based Energy Institute (EI) underscores its unwavering commitment to shaping a sustainable future.
PETRONAS recently achieved a significant milestone by becoming the first Southeast Asia-headquartered company to establish a technical partnership with EI. This landmark collaboration is designed to accelerate the energy transition, ensuring a future that is inclusive, sustainable, and grounded in innovation.
By fostering robust innovation ecosystems, PETRONAS and EI aim to push the frontiers of energy efficiency, decarbonization, and technological advancement. This synergy will pave the way for groundbreaking developments that drive the industry toward a cleaner and more sustainable energy landscape.
“By advancing transformative technologies, championing decarbonization strategies, and integrating global best practices, our partnership is set to enhance safety, improve operational efficiency, and elevate environmental responsibility across the sector,” remarked Ir Mohd Yusri Mohamed Yusof, PETRONAS Senior Vice President of Project Delivery and Technology, during the partnership agreement signing ceremony at International Energy Week (IEW).
Echoing this sentiment, Dr. Nick Wayth, CEO of EI, emphasized the importance of collective efforts in achieving net-zero ambitions.
“At the Energy Institute, we are dedicated to fostering a better energy future for our members and society by accelerating a just global energy transition. The support of PETRONAS, as our newest Technical Partner, brings invaluable expertise to our mission.”
A Multifaceted Collaboration for a Sustainable Future
This partnership is poised to deliver far-reaching benefits, combining PETRONAS’ extensive industry insights with EI’s renowned technical expertise. By equipping stakeholders with data-driven, strategic decision-making tools, the collaboration will enhance efficiency, resilience, and sustainability across the energy sector.
Aligned with PETRONAS’ broader vision to cultivate innovation ecosystems in support of net-zero ambitions, the initiative will provide much-needed guidance to navigate the complexities of the energy transition. In particular, it will play a pivotal role in fostering a new generation of energy talent.
“A just energy transition is inherently about people. We are committed to nurturing a future-ready workforce that is equipped with the expertise, adaptability, and leadership skills required to drive sustainable progress,” added Ir Mohd Yusri.
This emphasis on talent development underscores the necessity of inclusive innovation, bringing together diverse perspectives from industry leaders, academia, policymakers, and society at large to forge effective solutions for the evolving energy landscape.
Driving Technological Innovation and Decarbonization
PETRONAS has consistently demonstrated its commitment to pioneering sustainable energy solutions. As the first energy company in the world to produce liquefied natural gas (LNG) from two floating facilities, PETRONAS continues to break new ground in the industry.
A testament to its decarbonization efforts, the Kasawari Carbon Capture and Storage (CCS) project stands as one of the largest offshore CCS projects globally. With a capacity to reduce CO2 emissions by 3.3 million tons of carbon dioxide equivalent (MTCO2e) annually, it marks a significant step toward net-zero aspirations.
Furthermore, PETRONAS has intensified its focus on digitalization and smart energy solutions, leveraging artificial intelligence (AI) to enhance efficiency, reliability, and sustainability across its operations. Beyond AI-driven advancements, PETRONAS is actively investing in cleaner energy solutions, including hydrogen technology, renewables, and bio-based alternatives, further solidifying its role as a trailblazer in the energy transition.
Asia’s Role in the Global Energy Transition
As the world’s most populous and rapidly developing continent, Asia’s energy choices will significantly shape global climate outcomes. PETRONAS recognizes the critical need for collaboration in driving a responsible energy transition within the region.
“Achieving Net Zero is a global mission. Through our partnership with EI, we aim to empower the energy community in Asia with the knowledge, networks, and strategic frameworks necessary for an equitable and effective transition,” stated Ir Mohd Yusri.
Beyond internal efforts, PETRONAS advocates for a holistic approach, engaging other industry players through partnerships, joint initiatives, and cohesive policies. One such initiative, Energy Asia, organized by PETRONAS in collaboration with Knowledge Partner CERAWeek by S&P Global, is designed to be a catalyst for meaningful change.
Scheduled for June 16-18, 2025, at the Kuala Lumpur Convention Centre, the conference will bring together policymakers, industry leaders, energy professionals, financiers, and technology innovators to forge actionable solutions for Asia’s energy transition. Under the theme ‘Delivering Asia’s Energy Transition,’ the event seeks to strike a balance between ambitious sustainability targets and the economic realities of emerging economies.
Unlike conventional thought-leadership forums, Energy Asia is dedicated to pragmatic, results-driven discourse, ensuring that solutions are tailored to the specific challenges facing Asian industries and communities. By fostering cross-sector and cross-border collaborations, the conference aims to bridge the gap between emerging economies and developed markets, ensuring an inclusive and mutually beneficial energy transition.
“Now is the time to turn dialogue into action and collaboration into a unified force for change. The future of our planet depends on it,” urged Ir Mohd Yusri.
With this resolute vision, PETRONAS is not just participating in the energy transition—it is actively shaping its trajectory, leveraging innovation, partnerships, and people to build a sustainable, just, and prosperous energy future for all.
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