Petronas Ventures

Petronas Ventures

Petronas Ventures was formed in 2019 as the dedicated corporate venture capital vehicle of Petroliam Nasional Berhad. Arni Laily Anwarrudin serves as its head. The unit operates separately from the parent's upstream and downstream businesses while drawing on the same balance sheet. The firm allocates exclusively to private equity and venture strategies. It targets early-stage through expansion rounds in energy storage, hydrogen, sustainable fuels, drones, agtech and advanced materials. Confirmed holdings include Sea6 Energy, Aerodyne Group, Log9 Materials, Hysata, Green Li-ion and Aether Fuels. Geographic reach covers Malaysia, India, Singapore, Australia and the United States. Ticket sizes range from $1 million to $10 million per investment. The organization lists no disclosed headcount or additional offices beyond its Kuala Lumpur headquarters. It maintains membership in the Singapore Venture & Private Capital Association. A related vehicle, Twin Towers Ventures, focuses on APAC and MENA opportunities. Petronas Ventures participated as a speaker at CERAWeek in March 2023. The unit's mandate is defined by its position inside a national oil company. Investment decisions therefore incorporate the parent's 2050 net-zero target alongside standard return objectives. This creates a structural filter that favors technologies aligned with decarbonization of hydrocarbon value chains.