News listings

energy-pedia climate change

Malaysia flagMalaysia

Central & SE Asia / Australasia >>> Malaysia

PETRONAS' Race2Decarbonise Hackathon unveils winning solutions supporting Net Zero goals

27 Mar 2023

Photo - see caption

Solutions that will reduce gas turbines’ energy consumption and prevent flare gas leakages to lower methane emission emerged as the grand prize winners of the recently concluded Race2Decarbonise hackathon organised by PETRONAS.

The winning solutions from the inaugural hackathon are poised to be matured, scaled, and deployed at PETRONAS’ facilities within the next two years in support of the Company’s Net Zero Carbon Emission by 2050 (NZCE 2050) short-term target of bringing greenhouse gas (GHG) emissions from its Malaysia operations to 49.5 MtCO2e by 2024.

At the event, PETRONAS President and Group CEO, Datuk Tengku Muhammad Taufik said, 'Race2Decarbonise aims to meet PETRONAS’ short term GHG emissions reduction target and reaffirms our commitment to create long-lasting, impactful sustainable decarbonisation efforts. This is a crusade against emissions because we believe that we need to deliver energy more responsibly and in a differentiated manner.'

Out of 500 submissions from 25 countries, 29 participants from Malaysia, Canada, Denmark, Finland, Germany, Switzerland, the United Kingdom, and the USA were shortlisted to pitch their ideas at the PETRONAS Leadership Centre from 13 to16 March.

The submissions underwent rigorous assessments for veracity, feasibility, and impact on carbon abatement and evaluated by a panel of independent judges from PTV International Ventures Americas (PIVA), Accenture, McKinsey, the Ministry of Science, Technology and Innovation (MOSTI) and PETRONAS.

Photo - see caption

Participants’ identities and background were kept anonymous throughout the screening and judging process to ensure objectivity and transparency. 

PETRONAS Senior Vice President of Project Delivery and Technology, Datuk Bacho Pilong said, 'We are moved by the passion of the participants. The solutions are effective, ground-breaking, and probably even future-defining. We are confident of their impact, and look forward to seeing how these solutions enrich the lives of the community, our customers and stakeholders through strategic deployments at PETRONAS.' 

The grand prize winners of Track A (Proven Solutions) and Track B (Novel Ideas) won USD100,000 and USD150,000 respectively, for their out-of-the-box ideas.

The winning solutions of Track A (in order of grand prize, first, and second runners-up) are Honeywell Gas Turbine-Battery Energy Storage System by a team comprising Honeywell and PETRONAS engineers, Organic Rankine Cycle by an Orcan-PETRONAS team, and Twin Screw Turbine Generators by a team from Heliex Power Ltd. All solutions were submitted in their individual capacity. 

Track B winning solutions are New Generation of Blow Down Valve by a team from PETRONAS, Methane/ Flare Gas Electrolysis (Plasmalysis) by Graforce GmbH, and Decarbonisation of Ammonia Syngas Plant through Urea Production by a team from PETRONAS.

For more information, visit

Original article link


Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 232

Completed Deals

Completed Upstream Deals: 6585

Company Profiles

Current Company Profiles: 2914

Corporate Activity

Current Corporate Activity articles: 4157

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1663


Current Geostudies articles: 974

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Rose & Assocs
Union Jack Oil 149
Government of South Australia
Telos NRG
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675