NEW DELHI, Nov 22 (NNN-BERNAMA) — Malaysia\u2019s national oil company, PETRONAS is accelerating efforts to strengthen its business footprint in India by providing more innovative, tailor-made solutions that add value to the country\u2019s energy aspirations. <\/p>\n\n\n\n
With more than 20 years of strategic partnerships covering six business segments in India, PETRONAS continues to support the country\u2019s aspiration to grow sustainably by pushing the boundaries of its expertise and technological advancements. <\/p>\n\n\n\n
Over the years, India has grown in leaps and bounds driven by rapid urbanisation and the rising middle-class. <\/p>\n\n\n\n
By 2030, India will be home to seven megacities and see higher demands for energy, power and consumer goods. <\/p>\n\n\n\n
\u201cPETRONAS is on-track to build an effective business ecosystem in India to better serve our customers and stakeholders in this important market,\u201d said Chairman of PETRONAS Energy (India) Private Limited, Rizan Ismail, at PETRONAS\u2019 annual official visit to meet customers and partners here and in Mumbai recently. <\/p>\n\n\n\n
In the past two decades, PETRONAS has made significant headways in enhancing its portfolio in India across the value chain, covering crude oil trading, LPG, petrochemical, lubricants, LNG and more recently, renewables. <\/p>\n\n\n\n
Following the setup of a New Energy business unit, PETRONAS made its maiden foray into the renewable energy business in April 2019, with the acquisition of Amplus Energy Solutions Pte Ltd (Amplus) \u2013 a leading distributed energy solutions provider and developer that serves major customers across India, with a cumulative capacity of 600MW in operation and under development. <\/p>\n\n\n\n
\u201cThe acquisition is in alignment with our aspiration to provide clean energy options that enrich people\u2019s lives. Ultimately, we want to be known in India as a trusted partner and the leading provider of clean, cost-effective and sustainable solutions,\u201d said Rizan. <\/p>\n\n\n\n
Recently, Amplus achieved another milestone when it launched a new 75MW open access solar plant in Mirzapur, located in northern India’s state of Uttar Pradesh. <\/p>\n\n\n\n
This plant will offer low carbon energy solutions to industrial and commercial customers in the state and also happens to be the state\u2019s first Open Access plant. <\/p>\n\n\n\n
Meanwhile, PETRONAS\u2019 lubricant business in India saw continued progress with the commencent of commercial operations for the company\u2019s lubricant blending plant in Patalganga, Maharashtra. <\/p>\n\n\n\n
With a production capacity of 97,000 mtpa, it enables PETRONAS to achieve its distribution network expansion to 35,000 outlets from the current 12,000 outlets across the country, by 2021.<\/p>\n\n\n\n
In addition, PETRONAS\u2019 LNG business in the country is expected to expand further as it explores potential opportunities throughout the gas value chain.<\/p>\n\n\n\n
This reflects PETRONAS\u2019 commitment to support the Government of India\u2019s aspiration of having natural gas achieve 15 percent of the country\u2019s total energy mix by 2030, by co-creating the gas market. <\/p>\n\n\n\n
Currently, PETRONAS is actively tapping into India\u2019s innovation ecosystem by forging strategic collaborations with major India-based companies. <\/p>\n\n\n\n
These include working with TATA Consultancy Services to optimise the Downstream integrated supply chain, as well as Accenture Ventures in Bengaluru and GEP in Mumbai to develop a centralised system for PETRONAS digital procurement. <\/p>\n\n\n\n
At the sidelines of the official visit, PETRONAS Group President and Chief Executive Officer, Tan Sri Wan Zulkiflee Wan Ariffin, officiated the opening of the offices of PCM (Chemical) India Private Limited, PETRONAS (Energy) India Private Limited and PETRONAS Lubricants (India) Private Limited in New Delhi. <\/p>\n\n\n\n
PETRONAS, through its Universiti Teknologi PETRONAS (UTP), also signed MoUs with local institutions such as Amity University; BMS College of Engineering; Central Institute of Technology (CIT) Kokrajhar, and Vellore Institute of Technology (VIT) for collaboration in the areas of academic expertise exchange, research projects cooperation and students exchange. <\/p>\n\n\n\n
This marks the company\u2019s commitment to expand collaboration with its Indian counterparts in the energy space and beyond. <\/p>\n\n\n\n
\u201cMoving forward, we will ramp up efforts to innovate and customise our product offerings by leveraging on the business synergy shared with our partners in India as well as our integrated experience and expertise in providing innovative solutions,\u201d said Rizan. <\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI, Nov 22 (NNN-BERNAMA) — Malaysia\u2019s national oil company, PETRONAS is accelerating efforts to strengthen its business footprint in India by providing more innovative, tailor-made solutions that add value to the country\u2019s energy aspirations. With more than 20 years of strategic partnerships covering six business segments in India, PETRONAS continues to support the country\u2019s […]<\/p>\n","protected":false},"author":19,"featured_media":12305,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/51595"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51595"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/51595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/12305"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51595"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}