BPCL and Sembcorp Join Forces for Green Energy Revolution in India
Key Ideas
- BPCL and Sembcorp have formed a JV to develop renewable energy and green hydrogen projects across India, supporting the country's clean energy transition and net-zero ambitions.
- The partnership will focus on exploring renewable energy projects, green hydrogen production, green ammonia production, emissions reduction for port operations, and other emerging green fuel technologies.
- BPCL aims to achieve net-zero emissions by 2040 in Scope 1 and 2 and build a robust renewable energy portfolio of 10 GW, while Sembcorp is committed to delivering scalable, low-carbon solutions for a sustainable future.
- Sembcorp, with 6 GW of renewables assets in India, is well-positioned to enable large-scale, low-cost green hydrogen production, aiming to support renewable energy and green hydrogen development in the country.
Bharat Petroleum Corporation (BPCL) and Sembcorp Green Hydrogen India have partnered to form a joint venture that will focus on developing renewable energy and green hydrogen projects across India. The collaboration between BPCL and Sembcorp aims to support India's clean energy transition and help the country achieve its net-zero ambitions. The JV agreement will explore various projects related to renewable energy, green hydrogen production, green ammonia production, emissions reduction for port operations, and other emerging green fuel technologies. Leveraging Sembcorp's experience in renewables and BPCL's expertise in the petroleum sector, the partnership seeks to drive innovation-led solutions for the country's energy needs. BPCL has set ambitious targets, including achieving net-zero emissions by 2040 and building a renewable energy portfolio of 10 GW. On the other hand, Sembcorp is dedicated to providing scalable, low-carbon solutions for a sustainable future, focusing on decarbonizing hard-to-abate sectors. With Sembcorp's significant renewable assets in India amounting to 6 GW, the company is strategically positioned to facilitate large-scale, cost-effective green hydrogen production. This collaboration underscores the commitment of both companies to support renewable energy and green hydrogen development in India, emphasizing the importance of transitioning towards a more sustainable energy landscape.
Topics
Projects
Renewable Energy
Energy Transition
Decarbonisation
Sustainable Future
Emissions Reduction
Joint Venture
Net-zero Ambitions
Innovation-led Solutions
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