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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , subsidy , gas , steel , glove

Next In Business News

Ringgit likely to trade within narrow range next week ahead of BNM OPR decision
Reading the market signals
Urban harmony: Can stakeholders row together?
Breathing new life into forgotten spaces
FROM BANGSAR TO BEYOND
Asia to lead next AI wave
Luxury real estate trends in 2026
China’s gold rush continues
SC Estate Builder’s hotel acquisition under scrutiny
Department stores bet on experiences

Others Also Read