Sembcorp Green Hydrogen India, a subsidiary of Sembcorp Industries based in Singapore, has formed a joint venture with Indian oil and gas company Bharat Petroleum to undertake renewable energy and green hydrogen projects throughout India. The collaboration aims to support India's energy transition and development objectives, including Bharat Petroleum's target to achieve net-zero Scope 1 and 2 emissions by 2040. Scope 1 emissions are direct greenhouse gas emissions, while Scope 2 emissions are indirect emissions from activities like electricity generation. The partnership will explore initiatives in green ammonia production, bunkering, emissions reduction for port operations, and other emerging green fuel technologies. The joint venture will capitalize on Sembcorp's experience in renewables and Bharat Petroleum's proficiency in the petroleum sector and infrastructure. Together, they seek to address the decarbonization of challenging industrial sectors and assist Bharat Petroleum in establishing a substantial renewable energy capacity of 10 gigawatts. This collaboration follows previous discussions regarding the joint venture, initially announced in September 2024. Sembcorp emphasized that the partnership's financial impact on its earnings per share and net tangible assets per share for the fiscal year ending December 2025 is expected to be immaterial. The positive sentiment and commitment of both companies toward sustainable energy initiatives showcase a significant step in the direction of a greener and more environmentally friendly future.