Sembcorp and Bharat Petroleum ink green hydrogen, RE joint venture
Green ammonia and port emissions reduction projects are also under consideration.
The Bharat Petroleum Corporation Limited (BPCL) and Sembcorp Green Hydrogen India Private Limited have signed a deal to explore renewable energy and green hydrogen projects across India.
In a bourse filing, Sembcorp said its joint venture with BPCL will also look into green ammonia production and bunkering, emissions reduction for port operations, and other emerging green fuel technologies.
BPCL Chairman & Managing Director G Krishnakumar said the company will leverage its combined aspirations, expertise, and resources, to jointly explore the development of renewable energy and green hydrogen solutions. This will support India’s climate goals and the company’s net-zero emissions goal by 2040.
Sembcorp, which has 6 gigawatts (GW) of renewable assets in India, is pursuing the use of green hydrogen and ammonia as key decarbonisation pathways. Meanwhile, BPCL is eyeing to establish 10 GW of renewable energy capacity.
The signing of this JV agreement is not expected to have a material impact on the earnings per share and net tangible assets per share of Sembcorp for the financial year ending 31 December 2025.
