BPCL and Sembcorp Join Forces for Renewable Energy and Green Hydrogen Projects in India
Key Ideas
- BPCL and Sembcorp have formed a joint venture to explore renewable energy and green hydrogen projects in India, focusing on hard-to-abate sectors.
- The partnership aims to develop green ammonia production, bunkering, emissions reduction, and other green fuel technologies leveraging both companies' expertise.
- BPCL targets 10 GW of renewable energy capacity and aims to achieve net-zero emissions by 2040, aligning with India's climate goals.
- Sembcorp, with 6 GW of renewables assets in India, is poised to facilitate large-scale, cost-effective green hydrogen production to support decarbonization efforts.
Bharat Petroleum Corp. Ltd (BPCL) and Sembcorp Industries have collaboratively established a joint venture, Sembcorp Green Hydrogen India, to drive renewable energy and green hydrogen projects in India. Their venture will focus on addressing hard-to-abate sectors by exploring initiatives in green ammonia production, bunkering, emissions reduction, and other emerging green fuel technologies. By combining Sembcorp's experience in renewables with BPCL's knowledge of the petroleum sector, the partnership aims to support India's ambitious climate goals. BPCL is committed to building a robust renewable energy portfolio with a target of 10 GW and achieving net-zero emissions by 2040. G Krishnakumar, chairman of BPCL, emphasized the importance of innovation-led solutions in meeting India's climate objectives. Sembcorp, with its significant renewables assets in India, is well-equipped to drive large-scale, cost-efficient green hydrogen production. Vipul Tuli, CEO of Sembcorp's Renewables and Hydrogen Business, highlighted the collaboration's potential to contribute to decarbonizing challenging sectors. The partnership signifies a strategic move towards fostering sustainable energy solutions and supporting India's energy transition towards a greener future.
Topics
Green Hydrogen
Renewable Energy
Innovation
Net Zero Emissions
Energy Transition
Climate Goals
Emissions Reduction
Joint Venture
Green Ammonia
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