India government-owned Bharat Petroleum Corporation Ltd (BPCL) and a subsidiary of Singapore state-owned engineering company Sembcorp have entered into a joint venture (JV) to explore renewable energy and green hydrogen projects across India.
The JV will also consider 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 & Managing Director of BPCL, said it is committed to building a robust renewable energy portfolio, with a target of 10GW, and is aiming to reach net-zero emissions by 2040.
Vipul Tuli, President & CEO for Renewables – West, as well as CEO for Hydrogen Business at Sembcorp, said the company looked forward to identifying opportunities to help decarbonise hard-to-abate sectors.
Sembcorp, with 6GW of renewable assets in India, is pursuing the use of green hydrogen and ammonia as key decarbonisation pathways.
India is aiming to produce 5 million tonnes of green hydrogen annually by 2030.
