SK Group is partnering with Gentari Sdn Bhd (Gentari), a clean energy solutions entity founded by Malaysian energy company PETRONAS, for clean energy business opportunities.
The group is stepping up its efforts to break into green industries in Southeast Asia, following its recent equity investments in green companies in countries such as Vietnam and Singapore.
The group announced on September 5 that three of its companies, SK Materials Inc., SK Ecoplant and SK Signet, have signed a memorandum of understanding with Gentari for comprehensive cooperation in the clean energy sector.
SK and Gentari agreed to use the MoU as a springboard to identify opportunities for joint projects in hydrogen, fuel cells and electric vehicle (EV) charging, and further strengthen cooperation on several fronts.
The MOU is in line with Gentari’s business focus on cleaner energy solutions and efforts to seize the opportunities of the energy transition. Gentari’s three initial core offerings provide customers with low-carbon solutions through renewable energy, hydrogen and green mobility.
SK hopes to create major synergy effects through the partnership with Gentari by leveraging its technology and capabilities in areas such as hydrogen and the electric vehicle ecosystem.
Meanwhile, under the umbrella of Malaysian energy company PETRONAS, Gentari will be able to use the production and distribution infrastructure as a solid base to establish business models in areas such as hydrogen production and distribution, as well as the development of charging and the battery of electric vehicles. solutions in Malaysia.
An SK Group official said, “This MoU signals that SK is going beyond just making investments and expanding its presence in green business opportunities in the Southeast Asian market, which is a key region for a strategic global partnership”.
Lee Yong-wook, Chairman of SK Materials Inc., said, “The cooperation between SK and Gentari in green and clean business opportunities is indeed a significant step forward by both companies to jointly respond to the climate crisis facing the global community faces. We will work together to find the right balance between our companies’ technologies and capabilities, and cooperate closely to ensure green technology for the future.
Representing Gentari, Mr. Shahrizal B Yang Razalli, Head of Clean Energy Solutions Transition, PETRONAS, added: “In line with our goal of ‘solving the world’s most pressing sustainable energy needs, changing the way we live today. ‘today and help secure our future’, Gentari is committed to helping our global customers make the important journey to net zero. To do this, we believe partnerships are needed to discover and develop energy solutions. that can enable pragmatic action today.Collaborating and innovating with partners like SK Group helps Gentari explore emerging energy technologies, scale faster to meet existing demands, and unlock greater value.