BPCL and Sembcorp Join Forces 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, aiming to support the country's energy transition and development goals.
  • The partnership will focus on projects involving green hydrogen production, green ammonia production, emissions reduction for port operations, and other emerging green fuel technologies.
  • BPCL aims to achieve net-zero emissions by 2040 in Scope 1 and 2 through the development of a robust renewable energy portfolio with a target of 10 GW.
  • Sembcorp, leveraging its renewables expertise, is committed to delivering scalable, low-carbon solutions for a sustainable future, aiming to support renewable energy and green hydrogen development in India.
Bharat Petroleum Corporation Limited (BPCL) and Sembcorp Green Hydrogen India Private Limited (SGHIPL) have announced a joint venture agreement to explore renewable energy and green hydrogen projects in India. This collaboration between BPCL, a key player in the petroleum sector, and Sembcorp, with expertise in renewables, aims to contribute to India's energy transition and development aspirations. The joint venture will not only delve into green hydrogen production but also consider projects related to green ammonia production, emissions reduction for port operations, and other emerging green fuel technologies. G. Krishnakumar, BPCL's Chairman & Managing Director, expressed the significance of this partnership in driving towards a sustainable future. He highlighted the shared commitment to developing innovative renewable energy and green hydrogen solutions to support India's climate goals and achieve net-zero emissions by 2040. BPCL's target is to establish a 10 GW renewable energy portfolio to cater to future energy demands. Vipul Tuli, President & CEO of Renewables at Sembcorp, emphasized the joint efforts to advance renewable energy and green hydrogen in India. Leveraging Sembcorp's renewables expertise and BPCL's strengths, the collaboration aims to identify opportunities for decarbonizing challenging sectors. Sembcorp's focus remains on delivering scalable, low-carbon solutions to pave the way for a sustainable future. The partnership reflects a strategic alignment to address the evolving energy landscape and promote sustainable practices.
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