BPCL and Sembcorp Form Strategic Partnership for Renewable Energy and Green Hydrogen Projects in India
Key Ideas
- BPCL and Sembcorp have entered into a joint venture agreement to explore renewable energy, green hydrogen, green ammonia, and other green fuel projects in India.
- The collaboration aims to support India's energy transition goals and BPCL's ambition to achieve net-zero emissions by 2040.
- Sembcorp, leveraging its renewables expertise, and BPCL, with its petroleum sector strength, will work together to develop innovative solutions for a sustainable future.
- Sembcorp's focus on green hydrogen and ammonia as decarbonisation pathways aligns with their commitment to delivering scalable, low-carbon solutions for a sustainable future.
In New Delhi, Bharat Petroleum Corporation Limited (BPCL) and Sembcorp have formed a joint venture (JV) agreement to explore renewable energy and green hydrogen projects in India. The partnership also includes projects in green ammonia production, emissions reduction, and other green fuel technologies. The collaboration aims to support India's energy transition and development goals, with a particular focus on decarbonisation and achieving net-zero emissions by 2040. BPCL plans to build a robust renewable energy portfolio to meet future energy needs and become a Net Zero Energy Company by 2040. Sembcorp, with 6GW of renewables assets in India, is well-equipped to drive large-scale, low-cost green hydrogen production. The agreement is seen as a significant step towards a sustainable tomorrow, combining BPCL's expertise in the petroleum sector with Sembcorp's renewables experience to develop innovative green solutions. Both companies are committed to supporting renewable energy and green hydrogen development in India, aiming to decarbonise hard-to-abate sectors and deliver scalable, low-carbon solutions for a sustainable future.
Topics
Green Hydrogen
Renewable Energy
Net Zero Emissions
Energy Transition
Decarbonisation
Sustainable Future
Emissions Reduction
Joint Venture
Green Ammonia
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