Bharat Petroleum Corp. Ltd (BPCL) and Sembcorp Industries’ arm Sembcorp Green Hydrogen India have entered into a joint venture (JV) agreement to explore renewable energy and green hydrogen production projects across India.
The JV will also undertake projects in green ammonia production and bunkering, emissions reduction for port operations and other emerging green fuel technologies. The potential projects will leverage Sembcorp’s renewables experience and BPCL’s expertise in the petroleum sector and infrastructure.
G Krishnakumar, chairman and managing director, BPCL, said, “We will leverage our combined aspirations, expertise and resources, to jointly explore the development of innovation-led, best-in-class renewable energy and green hydrogen solutions for supporting India’s ambitious climate goals and our own aspiration to achieve net-zero emissions by 2040 in Scope 1 and 2. We are committed to building a robust renewable energy portfolio, with a target of 10 GW, to meet the energy needs of tomorrow and become a Net Zero Energy Company by 2040.”
Sembcorp has 6 GW of renewables assets in India, which, the company says, makes it well-positioned to enable large-scale, low-cost green hydrogen production.
Vipul Tuli, president & CEO, Renewables, West, and CEO, Hydrogen Business, Sembcorp, said, “With Sembcorp’s renewables expertise and BPCL’s strength in the petroleum sector, we look forward to identifying opportunities to help decarbonise hard-to-abate sectors.”
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