BPCL and Sembcorp Green Hydrogen India Join Forces for Sustainable Energy Projects in India
Key Ideas
- Bharat Petroleum Corporation (BPCL) and Sembcorp Green Hydrogen India (SGHIPL) have formed a joint venture to explore renewable energy and green hydrogen initiatives in India.
- The partnership aims to develop projects in green hydrogen, green ammonia production, emissions reduction, and other emerging green fuel technologies leveraging Sembcorp's renewables experience and BPCL's petroleum sector expertise.
- BPCL aspires to achieve net-zero emissions by 2040 in Scope 1 and 2, with a target of building a 10 GW renewable energy portfolio.
- Sembcorp, with 6GW of renewables assets in India, is focused on utilizing green hydrogen and ammonia for decarbonization efforts and delivering scalable, low-carbon solutions for a sustainable future.
Bharat Petroleum Corporation (BPCL) and Sembcorp Green Hydrogen India (SGHIPL) have joined forces through a joint venture agreement to drive renewable energy and green hydrogen projects in India. This strategic partnership between the two entities is geared towards supporting India's energy transition and development objectives. The collaboration aims to explore various initiatives, including green hydrogen and ammonia production, as well as projects related to emissions reduction and other emerging green fuel technologies. By combining Sembcorp's expertise in renewables with BPCL's knowledge in the petroleum sector, the joint venture seeks to contribute to India's ambitious climate goals and BPCL's own vision of achieving net-zero emissions by 2040. BPCL is committed to building a robust renewable energy portfolio, with a specific target of 10 GW to meet future energy demands and transform into a Net Zero Energy Company by 2040. On the other hand, Sembcorp is dedicated to utilizing green hydrogen and ammonia as essential pathways for decarbonization. With a strong presence of 6GW of renewables assets in India, Sembcorp is well-equipped to facilitate large-scale, cost-effective green hydrogen production. The collaboration between BPCL and Sembcorp signifies a crucial step towards sustainable energy development and decarbonization efforts in India.
Topics
India
Renewable Energy
Innovation
Sustainability
Net Zero Emissions
Energy Transition
Decarbonisation
Collaboration
Joint Venture
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