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Petronas ups efforts to enhance presence in India

Syndicated News
Written by Syndicated News

KUALA LUMPUR — Nov. 21, 2019: Petronas is accelerating efforts to strengthen its footprint in India by providing more innovative, tailor-made solutions that add value to the country’s energy aspirations.

With more than 20 years of strategic partnerships covering six business segments in India, Petronas continues to support the country’s aspiration to grow sustainably by pushing the boundaries of its expertise and technological advancements.

Over the years, India has grown in leaps and bounds, driven by rapid urbanisation and a growing middle class. By 2030, India will be home to seven mega cities and see higher demands for energy, power and consumer goods, the national oil company said in a statement today.

“Petronas is on track to build an effective business ecosystem in India to better serve our customers and stakeholders in this important market,” Petronas Energy (India) Pvt. Ltd. chairman Rizan Ismail said in the statement in conjunction with the Petronas annual official visit to meet customers and partners in Mumbai recently.

In the past two decades, Petronas has made significant headways in enhancing its portfolio in India, covering crude oil trading, liquified petroleum gas, petrochemical, lubricants, liquified natural gas and more recently, renewables.

Following the setup of a New Energy Business Unit, Petronas made its foray into the renewable energy business last April, with the acquisition of Amplus Energy Solutions Pte. Ltd. (Amplus) – 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.

“The acquisition is in alignment with our aspiration to provide clean energy options that enrich people’s lives. Ultimately, we want to be known in India as a trusted partner and the leading provider of clean, cost-effective and sustainable solutions,” said Rizan.

Recently, Amplus achieved another milestone when it launched a new 75MW open access solar plant in Mirzapur in Uttar Pradesh. The plant will offer low carbon energy solutions to industrial and commercial customers. It also happens to be the state’s first open access plant.

In the lubricant business sector in India Petronas has seen continued progress with the commencement of commercial operations for the company’s lubricant blending plant in Patalganga, Maharashtra.

With a production capacity of 97,000 million tonnes per annum (mtpa), it enables Petronas to achieve its distribution network expansion to 35,000 outlets from the current 12,000 across the country by 2021.

In addition, the Petronas LNG business is expected to expand further as it explores potential opportunities.

Currently, Petronas is also actively tapping into India’s innovation ecosystem by forging strategic collaborations with major companies. 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 digital procurement.

On the sidelines of the official visit, Petronas group president and CEO Tan Sri Wan Zulkiflee Wan Ariffin officiated the opening of the offices of PCM (Chemical) India Pvt. Ltd., Petronas (Energy) India Pvt. Ltd. and Petronas Lubricants (India) Pvt. Ltd. in New Delhi. 

Petronas, through its Universiti Teknologi Petronas, also signed MoUs with local institutions such as Amity University; BMS College of Engineering; Central Institute of Technology, Kokrajhar; and Vellore Institute of Technology. — Bernama

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