Sembcorp unit ‘in discussions’ to enter joint venture with India’s Bharat Petroleum Corporation
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SEMBCORP Green Hydrogen India is “in discussions” with Indian oil and gas company Bharat Petroleum Corporation to enter a definitive joint-venture agreement for renewable energy and green hydrogen projects across India.
“The partnership aims to support India’s long-term energy transition and development goals,” said Sembcorp on Friday (Sep 13).
Sembcorp Green Hydrogen India is a wholly owned subsidiary of Sembcorp Industries, while Bharat Petroleum Corporation is a state-owned oil and gas company.
Sembcorp added that it has a significant presence in India and it is well-positioned to lead decarbonisation initiatives with Bharat Petroleum Corporation to drive the country’s energy transition.
Shares of Sembcorp Industries closed 0.2 per cent or S$0.01 higher at S$5.16 on Friday, before the announcement.
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