The chemicals arm of oil and gas producer Petronas will use corporate venturing as one route to emerging technologies and markets.
Petronas Chemicals, the chemical production division of Malaysia-based oil and gas supplier Petronas, plans to leverage corporate venture capital to uncover opportunities for business growth, Sun Daily has reported.
An investment team has been recruited to help Petronas Chemicals identify emerging technologies and markets that could potentially be accessed through strategic investments, as part of a plan that will also include mergers and acquisitions and in-house research.
Arif Mahmood, vice-president for corporate strategic planning at Petronas, said: “We have a…
