Sembcorp and BPCL Joint Venture to Drive Green Energy and Hydrogen Projects in India
Key Ideas
- Sembcorp Industries and Bharat Petroleum Corporation Ltd (BPCL) have formed a 50:50 joint venture to establish renewable energy and green hydrogen projects in India.
- The collaboration, named Sembcorp Green Hydrogen India Private Limited, will focus on projects related to green hydrogen and aims to reduce emissions in port operations leveraging Sembcorp's renewables expertise and BPCL's petroleum sector knowledge.
- The initiative is part of both companies' sustainability goals, with BPCL aiming to achieve net-zero energy status by 2040, marking a significant step in India's energy transition and development objectives.
- Vipul Tuli, President & CEO of Renewables at Sembcorp, highlighted the venture's focus on decarbonizing hard-to-abate sectors, while G Krishnakumar, chairman of BPCL, emphasized the partnership as a crucial milestone in their sustainability journey.
Sembcorp Industries and Bharat Petroleum Corporation Ltd (BPCL) have joined forces in a 50:50 joint venture to introduce renewable energy and green hydrogen projects in India. The partnership, known as Sembcorp Green Hydrogen India Private Limited, will concentrate on developing initiatives related to renewable energy and green hydrogen, including green ammonia production. By leveraging Sembcorp's expertise in renewables and BPCL's knowledge of the petroleum sector, the collaboration aims to reduce emissions in port operations and advance emerging green fuel technologies. Vipul Tuli, President & CEO of Renewables at Sembcorp, expressed that the partnership is well-positioned to identify opportunities for decarbonizing challenging sectors. G Krishnakumar, chairman and managing director of BPCL, emphasized the significance of this collaboration in their sustainability efforts, especially as BPCL works towards achieving a net-zero energy status by 2040. This joint venture marks a crucial step towards India's energy transition and sustainable development goals, showcasing a commitment to driving positive environmental impact and innovation in the country's energy sector.
Topics
India
Renewable Energy
Sustainability
Energy Transition
Partnership
Emissions Reduction
Green Fuel Technologies
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