BPCL and Sembcorp Join Hands for Renewable Energy and Green Hydrogen Projects in India
Key Ideas
- BPCL and Sembcorp have formed a joint venture to explore renewable energy and green hydrogen projects in India, aligning with the country's energy transition goals.
- The partnership also aims to delve into green ammonia production, bunkering, emissions reduction, and other green fuel technologies to drive sustainability.
- BPCL and Sembcorp express commitment towards achieving net-zero emissions by 2040 through innovative renewable energy solutions and expertise in the petroleum sector.
- Sembcorp's focus on delivering scalable, low-carbon solutions complements BPCL's aspiration to become a Net Zero Energy Company by 2040, with a target of 10GW renewable energy portfolio.
In a significant move towards sustainable energy development in India, Bharat Petroleum Corporation Limited (BPCL) and Sembcorp have formed a joint venture (JV) agreement to explore renewable energy and green hydrogen projects. This strategic partnership aims to support India's energy transition and development goals, focusing on innovative solutions for a sustainable future. The JV will not only look into green hydrogen projects but also consider ventures in green ammonia production, emissions reduction for port operations, and other emerging green fuel technologies. G Krishnakumar, Chairman & Managing Director of BPCL, highlighted the importance of this collaboration in achieving net-zero emissions by 2040 and building a robust renewable energy portfolio. Vipul Tuli, President & CEO of Renewables at Sembcorp, expressed enthusiasm regarding the collaboration with BPCL to drive renewable energy and green hydrogen development in India. Both companies are committed to delivering scalable, low-carbon solutions and leveraging their expertise to decarbonize hard-to-abate sectors. Overall, the partnership between BPCL and Sembcorp signifies a joint effort to contribute to India's climate goals and work towards a sustainable tomorrow.
Topics
India
Renewable Energy
Innovation
Net Zero Emissions
Sustainable Development
Climate Goals
Emissions Reduction
Joint Venture
Green Ammonia
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