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

FBM KLCI stays in the red at midday amid broad-based selling
RAM Ratings: 3Q25 bank profitability edges up on lower loan provisions
Trump says he'll be involved in review of Netflix-Warner Brothers deal
Japan's Q3 GDP contraction worsens on weak capex; unlikely to sway BOJ on rate hike�
ACSR sets out approach for non-compliance to sustainability reporting requirements
Malaysia’s banking sector resilient amid tariff pressures, expected to hold steady in 2026
BMS slips on ACE Market debut, trading under IPO price
Foreign investors return with RM11.8mil net buying after two-week selloff
FBM KLCI opens weaker as markets turn cautious ahead of FOMC meeting
Ringgit opens higher as tomorrow's FOMC meeting pressures greenback�

Others Also Read