KUALA LUMPUR, November 28 – PETRONAS extends its sustainability solutions to the Middle Eastern market by entering into six new supply and commercialisation collaborations at the ongoing Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2022. Its technology commercialisation arm, PETRONAS Technology Ventures Sdn Bhd (PTVSB), sealed commercial agreements with Sigma Enterprises, a company of Mazrui Energy.
For the deployment of SolidClenz and ProAssure Wrap technologies as well as with Euro-Circuit Technology Sdn Bhd to supply Bio-Solv, a sustainable and biodegradable water-based chemical for desanding, desludging, degreasing and cleaning applications. SolidClenz™ is a custom-designed technology used to remove solid deposits for wells, pipelines and heat exchangers to increase well flow and enhance production.
PTVSB also signed Heads of Agreement (HOA) with Petrofac to consider options for the commercialisation of PETRONAS’ proprietary Proton Exchange Membrane (PEM) electrolyser for hydrogen production. Further to this, PTVSB has entered into a HOA with SEDC Energy Sdn. Bhd., a wholly owned subsidiary of Sarawak Economic Development Corporation to not only establish a PEM assembly plant in Sarawak to support a growing demand for PEM electrolysers worldwide.
Additionally, PTVSB signed a HOA with Aerodyne Group to explore commercialisation arrangements on adoption of its Artificial Intelligence (AI) and drone-assisted technologies and solutions, focusing on hydrogen-powered drones, methane leakages detection, large scale multi payload drone delivery system, nested drones, and PETRONAS’ unmanned traffic management.
The company also entered into a Memorandum of Understanding with Connexx Systems Corporation to explore adoption of PETRONAS’ graphene formulation for batteries, to meet the increasing demand for higher battery efficiency in tandem with the rise of electric vehicles. “We are confident about creating high value and far-reaching impact supporting a common sustainability goal for a low-carbon future, as our solutions power businesses and fuel progress,” he added.
PTVSB Chief Executive Officer, Dr. Mahpuzah Abai noted that PETRONAS has more than 400 commercialised technologies and 4,000 intellectual properties ready as solutions for partners and customers. In supporting the global transition towards a low-carbon energy future, technology is key, which is why PETRONAS passionately proffers innovative solutions especially on decarbonisation, cleaner energy options, and operational excellence which reduces carbon footprints. We leverage on the power of innovation to bring forth a sustainable future.