Sembcorp & BPCL's Joint Venture for Green Hydrogen & Renewable Energy in India
Key Ideas
- Sembcorp and BPCL have formed a 50:50 joint venture to focus on renewable energy and green hydrogen development in India.
- The partnership aims to produce, operate, and commercialize green hydrogen and explore green ammonia production, emissions reduction initiatives, and other green fuel technologies.
- Sembcorp's renewables expertise combined with BPCL's strength in the petroleum sector positions them to decarbonize hard-to-abate sectors and support India's climate goals.
- BPCL plans to achieve net zero emissions by 2040 and build a 10 gigawatt renewable energy portfolio through this partnership.
Sembcorp Industries and Bharat Petroleum Corporation Ltd (BPCL) have established a 50:50 joint venture, Sembcorp Green Hydrogen India Private Limited, to focus on renewable energy and green hydrogen development in India. This strategic partnership aims to concentrate on the production, operation, and commercialization of green hydrogen and its derivatives, alongside exploring green ammonia production, emissions reduction initiatives, and other green fuel technologies. Leveraging Sembcorp's renewables experience and BPCL's expertise in the petroleum sector, the collaboration aims to decarbonize hard-to-abate sectors and support India's energy transition goals. Sembcorp, with 6 gigawatts of renewable assets in India, is well positioned to enable large-scale green hydrogen production. The joint venture is part of BPCL's strategy to achieve net zero emissions by 2040 and build a substantial renewable energy portfolio. This partnership signifies a significant step towards sustainable energy solutions and aligns with India's climate ambitions.
Topics
India
Renewable Energy
Sustainability
Net Zero Emissions
Energy Transition
Decarbonisation
Partnership
Climate Goals
Green Fuel Technologies
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