BPCL and Sembcorp Partner to Explore Green Hydrogen Projects in India
Key Ideas
- Bharat Petroleum Corporation Limited (BPCL) and Sembcorp Green Hydrogen India Private Limited have signed a deal to explore renewable energy and green hydrogen projects in India.
- The joint venture will also focus on green ammonia production, emissions reduction for port operations, and other emerging green fuel technologies.
- Sembcorp aims to leverage its 6 gigawatts (GW) of renewable assets in India for green hydrogen and ammonia initiatives, while BPCL targets to establish 10 GW of renewable energy capacity.
- The partnership aligns with India's climate goals and BPCL's net-zero emissions target by 2040.
Bharat Petroleum Corporation Limited (BPCL) and Sembcorp Green Hydrogen India Private Limited have joined forces in a deal to explore renewable energy and green hydrogen projects across India. Their collaboration will extend to investigating green ammonia production, emissions reduction for port operations, and other emerging green fuel technologies. The partnership is also in line with Sembcorp's plans to utilize its 6 gigawatts (GW) of renewable assets in India to drive green hydrogen and ammonia initiatives, while BPCL aims to set up 10 GW of renewable energy capacity. This strategic move is designed to support India's climate objectives and BPCL's commitment to achieving net-zero emissions by 2040. The agreement is not anticipated to significantly impact Sembcorp's financials for the fiscal year ending December 31, 2025.