Singapore’s Sembcorp has formed a new joint venture (JV) with Indian state-owned oil and gas firm Bharat Petroleum (BPCL) through its subsidiary to explore green hydrogen and renewable energy projects in India.
The JV plans to use Sembcorp’s renewables experience and BPCL’s oil and gas sector knowledge to explore potential projects, including green ammonia production, bunkering and clean energy developments in ports.
Financial terms of the JV have not been disclosed.
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