BPCL Announces Joint Ventures for Green Hydrogen and CBG Projects in India
Key Ideas
- BPCL partners with Sembcorp Green Hydrogen India and GPS Renewables for green hydrogen and CBG projects respectively, aiming to develop and operate projects across India.
- BPCL plans to meet its CBG blending obligation mandate by constructing, operating, and maintaining CBG plants with GPS Renewables, targeting 200-300 projects by 2040.
- Sembcorp Green Hydrogen also plans to export 200,000 MTPA of green ammonia to Japan from its green ammonia project in Tamil Nadu, showing a commitment to sustainable practices.
- GPS Renewables secures $50 million in debt financing to accelerate the rollout of its CBG and Renewable Natural Gas projects, indicating a positive outlook for their expansion.
Bharat Petroleum Corporation (BPCL) has announced joint ventures with Sembcorp Green Hydrogen India (SGHI) and Bengaluru-based GPS Renewables to develop green hydrogen and compressed biogas (CBG) projects in India. The partnership with Sembcorp aims to develop renewable energy projects and green hydrogen initiatives across the country, with plans to sell renewable energy and green hydrogen. Additionally, the collaboration with GPS Renewables focuses on constructing and operating CBG plants to meet BPCL's blending obligation mandate. BPCL intends to commission 10 GW of renewable energy by 2035 and target 200-300 CBG projects by 2040, along with biomass-based hydrogen projects. GPS Renewables has outlined plans for 8-12 CBG projects with a total capacity of 150 tons per day, setting up units in multiple Indian states. Sembcorp Industries has already begun work on a green ammonia project in Tamil Nadu, aiming to export green ammonia to Japan. GPS Renewables' recent debt financing of $50 million highlights their commitment to accelerating CBG and Renewable Natural Gas projects, signaling a positive trajectory for their expansion.