New Delhi: State owned oil marketing firm Bharat Petroleum Corporation Limited (BPCL) said on Thursday that it has signed a Memorandum of Understanding (MoU) with Mumbai Port Authority (MbPA) and Mumbai Port Sustainability Foundation (MPSF) to establish a state-of-the-art green fuel ecosystem at Mumbai Port.
The MoU is a pivotal step towards driving India’s transition to cleaner energy solutions. By focussing on green fuel innovations, this initiative aims to significantly reduce greenhouse gas emissions, contributing to the country’s climate change goals, the company said in a release.
BPCL, MbPA, and MPSF are dedicated to pioneering sustainable practices that align with India’s commitment to environmental stewardship.
Commenting on the development, G. Krishna Kumar, Chairman & Managing Director, BPCL stated, “This MoU is consistent with BPCL’s plans towards a sustainable tomorrow alongside our own aspiration to achieve net zero emissions in Scope 1 and Scope 2 by 2040. Enabling sustainable energy solutions like LNG and EV for the maritime sector is part of our endeavour to demonstrate social responsibility and partner for our sustainable growth with that of the communities we serve.”
As part of the initiative, BPCL and MbPA will collaborate to introduce Electric Vehicle (EV) charging stations at Mumbai Port, promoting green energy adoption for port users and the general public.
Additionally, the MoU outlines an exploration into the conversion of diesel-powered vessels to cleaner fuel alternatives, further enhancing the port’s green infrastructure and reducing its carbon footprint, the release added.
The agreement also includes provisions for waste management, as BPCL and MPSF will work on systems for source segregation, storage, and handling of recyclable and non-recyclable solid waste at Mumbai Port. This initiative promotes socially responsible practices, ensuring a cleaner and more sustainable operational environment.
This MoU further solidifies BPCL’s position as a leader in India’s energy transition. By embracing sustainable practices and pioneering green fuel innovations, BPCL continues to drive the nation toward a cleaner, greener future.
As part of its long-term vision, BPCL remains dedicated to reducing environmental impact, investing in renewable energy solutions, and contributing to India’s global sustainability commitments, the company added.
