Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company and proud ‘Maharatna,’ has achieved a significant milestone with its collaboration with Sembcorp Green Hydrogen India Private Limited (SGHIPL), a wholly-owned subsidiary of Sembcorp Industries. The two companies have entered into a joint venture (JV) agreement to explore renewable energy and green hydrogen projects across India, supporting the country’s energy transition and development goals.
The JV will focus on renewable energy projects and green hydrogen production, while also exploring opportunities in green ammonia production and bunkering, emissions reduction for port operations, and other emerging green fuel technologies. These potential projects will leverage Sembcorp’s expertise in renewables and BPCL’s strength in the petroleum sector and infrastructure.
Speaking about the partnership, G Krishnakumar, Chairman & Managing Director of BPCL, said, “BPCL’s collaboration with Sembcorp marks a significant milestone in our journey towards a sustainable tomorrow. 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.”
Vipul Tuli, President & CEO of Renewables, West, and CEO of Hydrogen Business at Sembcorp, said, “This collaboration with BPCL seeks to support renewable energy and green hydrogen development in India. With Sembcorp’s renewables expertise and BPCL’s strength in the petroleum sector, we look forward to identifying opportunities to help decarbonize hard-to-abate sectors. Sembcorp is committed to delivering scalable, low-carbon solutions for a sustainable future.”
Sembcorp is pursuing the use of green hydrogen and ammonia as key decarbonization pathways. With 6GW of renewables assets in India, Sembcorp is well-positioned to enable large-scale, low-cost green hydrogen production.
