BPCL and Sembcorp Join Forces for Green Energy and Hydrogen Projects in India
Key Ideas
- BPCL and Sembcorp have entered into a JV agreement to explore renewable energy and green hydrogen projects in India, supporting the country's energy transition and development goals.
- The partnership will leverage Sembcorp's renewables experience and BPCL's expertise in the petroleum sector to develop projects in green ammonia production, emissions reduction, and other green fuel technologies.
- BPCL aims to achieve net zero emissions by 2040 in Scope 1 and 2, with a target of building a robust renewable energy portfolio of 10 GW to become a Net Zero Energy Company by 2040.
- Sembcorp is committed to supporting renewable energy and green hydrogen development in India, utilizing its renewables expertise and aiming to deliver scalable, low-carbon solutions for a sustainable future.
Bharat Petroleum Corp. Ltd (BPCL) and Sembcorp Green Hydrogen India Private Ltd (SGHIPL) have formed a joint venture to explore renewable energy and green hydrogen projects throughout India. This strategic partnership is focused on assisting India in achieving its energy transition and development objectives. The collaboration will involve investigating renewable energy projects, green hydrogen production, green ammonia production, emissions reduction in port operations, and other emerging green fuel technologies. Leveraging Sembcorp's experience in renewables and BPCL's proficiency in the petroleum sector, the partnership aims to contribute to India's climate goals and BPCL's ambition to achieve net zero emissions by 2040. BPCL is targeting a 10 GW renewable energy portfolio and plans to become a Net Zero Energy Company by 2040. Sembcorp, with its 6 GW of renewable assets in India, is well-equipped to facilitate large-scale, cost-effective green hydrogen production. The CEOs of both companies expressed their commitment to supporting renewable energy and green hydrogen development in India, emphasizing the need to decarbonize challenging sectors. This collaboration signifies a crucial step towards building a sustainable future through the adoption of low-carbon solutions and green technologies.
Topics
Projects
Renewable Energy
Sustainability
Energy Transition
Port Operations
Emissions Reduction
Joint Venture
Energy Company
Green Ammonia
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