KUALA LUMPUR, June 10 — Petroliam Nasional Bhd (Petronas) has set aside a higher capital expenditure of nearly RM60 billion for the financial year ending Dec 31, 2022 (FY2022), of which 10 per cent will be spent on non-traditional spaces such as specialty chemicals and solar energy to achieve its net-zero carbon emissions target by 2050.

Group chief financial officer (CFO) Liza Mustapha said the 10 per cent allocation is the national oil company’s inaugural capex for clean energy spaces.