Industries seek alternative energy sources due to gas price hike


PETALING JAYA: The upcoming increase in the price of natural gas to the non-power sector that is expected to exacerbate the operational cost of companies such as the steel producers and glove manufacturers has prompted some of them to review their fuel requirement strategy.

At least one major glove manufacturer has declared that it would be investing more in alternative fuel sources such as biomass and renewable energy to mitigate further rises in gas prices.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , subsidy , gas , steel , glove

   

Next In Business News

Shedding light on power sector prospects
Reaping the Max from streaming
Singapore playing roulette with casino licensing
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Bidding big on Malaysian art
Inflation rises slightly in October
EQ expands to Thailand
Capitalising on future trade tariffs
Importance of adapting global brands to local sensitivities

Others Also Read