BPCL and Mumbai Port Sign MoU for Green Fuel Development
PORTS & SHIPPING

BPCL and Mumbai Port Sign MoU for Green Fuel Development

Bharat Petroleum Corporation (BPCL), recognized as a Fortune Global 500 company, has entered into a Memorandum of Understanding (MoU) with the Mumbai Port Authority (MbPA) and the Mumbai Port Sustainability Foundation (MPSF) to establish a green fuel ecosystem at Mumbai Port. This initiative aims to facilitate India's transition to cleaner energy solutions and lower greenhouse gas emissions.

The MoU was signed in the presence of G. Krishnakumar, Chairman and Managing Director of BPCL; Rajiv Jalota, Chairperson of MbPA; and Rahul Tandon, BPCL's Business Head (I&C). It outlines a partnership focused on promoting sustainable energy practices, which include the introduction of Electric Vehicle (EV) charging stations at Mumbai Port and the conversion of diesel-powered vessels to cleaner fuel alternatives.

G Krishnakumar stated that the MoU aligns with BPCL’s plans for a sustainable future and their goal of achieving net zero emissions in Scope 1 and Scope 2 by 2040. He emphasized that BPCL’s commitment to sustainable energy in the maritime sector reflects its dedication to social responsibility.

Rahul Tandon expressed that the partnership with MbPA showcases BPCL’s strategic vision for advancing the sustainable fuels business. He noted that by utilizing LNG and green energy infrastructure, they aim to transform the future of maritime operations.

In addition to establishing green fuel infrastructure, the MoU includes initiatives for waste management at Mumbai Port. BPCL and MPSF will work together on waste segregation and management systems to ensure a cleaner operational environment, with expectations to enhance Mumbai Port’s green infrastructure and reduce its carbon footprint.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Bharat Petroleum Corporation (BPCL), recognized as a Fortune Global 500 company, has entered into a Memorandum of Understanding (MoU) with the Mumbai Port Authority (MbPA) and the Mumbai Port Sustainability Foundation (MPSF) to establish a green fuel ecosystem at Mumbai Port. This initiative aims to facilitate India's transition to cleaner energy solutions and lower greenhouse gas emissions. The MoU was signed in the presence of G. Krishnakumar, Chairman and Managing Director of BPCL; Rajiv Jalota, Chairperson of MbPA; and Rahul Tandon, BPCL's Business Head (I&C). It outlines a partnership focused on promoting sustainable energy practices, which include the introduction of Electric Vehicle (EV) charging stations at Mumbai Port and the conversion of diesel-powered vessels to cleaner fuel alternatives. G Krishnakumar stated that the MoU aligns with BPCL’s plans for a sustainable future and their goal of achieving net zero emissions in Scope 1 and Scope 2 by 2040. He emphasized that BPCL’s commitment to sustainable energy in the maritime sector reflects its dedication to social responsibility. Rahul Tandon expressed that the partnership with MbPA showcases BPCL’s strategic vision for advancing the sustainable fuels business. He noted that by utilizing LNG and green energy infrastructure, they aim to transform the future of maritime operations. In addition to establishing green fuel infrastructure, the MoU includes initiatives for waste management at Mumbai Port. BPCL and MPSF will work together on waste segregation and management systems to ensure a cleaner operational environment, with expectations to enhance Mumbai Port’s green infrastructure and reduce its carbon footprint.

Next Story
Real Estate

Rajasthan HC rules builders can't sell properties without amenities

The Rajasthan High Court, expressing concern over the sale of plots and houses in privately developed colonies that lacked essential facilities such as drainage, electricity, and water, directed the state government, development authorities, and urban bodies to prevent developers from selling such properties unless they comply with construction regulations. The court emphasised that the Urban Development & Housing Department (UDH) must first issue a certificate verifying the suitability of a residential colony or society for habitation before any sale could proceed. A bench led by Chief Justi..

Next Story
Real Estate

Office space net absorption rises 14% in Q2 FY25 across seven cities

The net absorption of office space increased by 14 per cent annually during the July-September period across seven major cities, driven by improved demand, as reported by real estate consultant JLL. According to JLL's latest data, the net absorption of office space reached 12.16 million square feet in the third quarter of this fiscal year, compared to 10.69 million square feet during the same period the previous year. Net absorption is determined by calculating the difference between newly occupied floor space and vacated floor space. The data revealed that in Bengaluru, net absorption of ..

Next Story
Real Estate

Housing sales up 5% to 87,108 units across 8 cities in Q2 FY25: Report

Housing sales experienced a 5 per cent annual increase during the July-September period, reaching 87,108 units across eight major cities, driven by strong demand for premium homes, according to a report by Knight Frank India. The real estate consultant released its 'India Real Estate' report for the third quarter of the 2024 calendar year during a webinar, highlighting a moderate rise in housing sales, which contrasted with data from Anarock and PropEquity that indicated a decline in total sales across major cities during the same period. The report mentioned that the residential market had s..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000