Move one step closer to their goal to achieve “Net Zero” carbon emissions by the year 2040

Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to set up a 1 GW Renewable Energy Power plant, as a major step towards the production of green energy in the State.

The MoU was signed between Shri Bhaskar A. Sawant, IAS, Principal Secretary, Department of Energy, Government of Rajasthan, and Shri Shelly Abraham, Head Renewable Energy, BPCL, in a ceremony organized by the Bureau of Investment Promotion, Government of Rajasthan.

The MoU signing ceremony was presided over by Shri Ashok Gehlot, Hon’ble Chief Minister of Rajasthan, Smt. Shakuntala Rawat, Hon’ble Minister of Industries, and Shri Bhanwar Singh Bhati, Hon’ble State Energy Minister (Independent Charge Energy), amongst other Government officials.

Bharat Petroleum has set itself the ambitious goal of “Net Zero” in Scope 1&2 emissions by the year 2040. The company plans to expand their renewables portfolio and reach 1 GW of renewable energy by 2025 and 10 GW by 2040.

Sh. Ashok Gehlot expressed Rajasthan’s vision to create a positive space for investment in Rajasthan with a Green Imprint on it. He congratulated the working teams and encouraged to further augment this collaboration for sustainable economic development in the State.

Smt. Shakuntala Rawat assured full support from the Government of Rajasthan to all the investors present during the ceremony. She also emphasized on the steps undertaken by the Government in this regard.

BPCL’s ‘Renewables’ business unit is steering this voyage to help the global efforts to curb global warming, in line with the national climate commitments, and renewable energy has a pivotal role to play in this endeavor. The company is also accelerating biofuels in this pursuit. They are presently blending 10% Ethanol in Petrol, with a target to reach 20% blending by 2025-26.

Bharat Petroleum is the second largest Oil Marketing Company and one of the premier integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry.

Bharat Petroleum’s Refineries at Mumbai, Kochi and Bina have a combined refining capacity of around 38 MMTPA. Its distribution network comprises over 20,000 Energy Stations, over 6,100 LPG distributorships, 733 Lubes distributorships, 123 POL storage locations, 53 LPG Bottling Plants, 60 Aviation Service Stations, 3 Lube blending plants and 4 cross-country pipelines.

Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. The company has chalked out the plan to offer electric vehicle charging stations at around 7000 energy stations over next 5 years.

With a focus on sustainable solutions, the company is developing a vibrant ecosystem and a roadmap to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering communities by supporting innumerable initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With ‘Energising Lives’ as its core purpose, Bharat Petroleum’s vision is to be one of the most admired global energy company leveraging talent, innovation & technology.