BPCL's Clean Energy Initiatives in India: Green Hydrogen and CBG Ventures
Key Ideas
  • BPCL to form joint ventures with Sembcorp Green Hydrogen India and GPS Renewables to accelerate clean hydrogen and CBG projects in India.
  • These initiatives are part of BPCL's strategy to achieve net-zero emissions and support India's transition to cleaner energy sources.
  • The partnerships aim to help BPCL meet government mandates, contribute to India's energy transition, and advance towards carbon neutrality.
  • BPCL also approved a USD 136 million investment to expand pipeline capacity, enhancing its infrastructure for the evolving energy mix.
Bharat Petroleum Corporation (BPCL) has announced plans to establish two new joint ventures in India to drive its clean energy efforts. The first venture will be with Sembcorp Green Hydrogen India to develop clean hydrogen projects, while the second will be with GPS Renewables to build compressed biogas (CBG) plants nationwide. These collaborations align with BPCL's broader strategy to achieve its net-zero emissions target and support India's shift towards cleaner energy sources. BPCL emphasized the importance of these partnerships in meeting its sustainability goals and contributing to India's energy transition. The joint venture with GPS Renewables is particularly significant as it will assist BPCL in meeting the government's CBG blending mandate, showcasing the company's commitment to renewable energy and reduced carbon footprints. The agreements for these ventures are pending regulatory approvals. Additionally, BPCL's board approved a USD 136 million investment to enhance its pipeline capacity, reinforcing the company's infrastructure to accommodate its evolving energy portfolio.
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