Sembcorp Industries, Bharat Petroleum Enter JV to Boost Green Projects in India

MT Newswires

04-09

Sembcorp Industries (SGX:U96) and Bharat Petroleum (NSE:BPCL, BOM:500547) entered into a joint venture agreement to explore renewable energy and green hydrogen projects across India, according to a filing with the Singapore Exchange on Wednesday.

The JV will also consider projects in green ammonia production and bunkering along with other green fuel technologies, according to a filing with the Singapore Exchange on Wednesday.

The partnership is addition to the agreement signed by Sembcorp Green Hydrogen India, which already includes exploration of renewable energy and green hydrogen projects across India.

Sembcorp shares were down over 2% in recent trading.

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