BPCL, Sembcorp Form Joint Venture for Renewable Energy Projects in India

Bharat Petroleum Corporation Limited (BPCL) has partnered with Sembcorp Green Hydrogen India Pvt. Ltd to form a 50:50 joint venture focused on renewable energy and green hydrogen projects across India. This collaboration aims to bolster India's energy transition, with specific projects targeting green hydrogen and ammonia production, as well as emissions reduction in port operations. BPCL, a significant player in the petroleum sector, and Sembcorp, with substantial renewables expertise, plan to leverage their combined strengths to develop sustainable energy solutions. The initiative aligns with BPCL's goal of establishing a 10 GW renewable energy portfolio and achieving net-zero emissions by 2040. Leaders from both companies emphasized the importance of this partnership in addressing climate goals and decarbonizing hard-to-abate sectors in India. The joint venture marks a strategic step for both firms as they aim to influence the future of energy in the region.