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BPCL signs MoU with Mumbai Port to set up green fuel ecosystem

07 Oct 2024 Evaluate

Bharat Petroleum Corporation (BPCL) has signed memorandum of understanding (MoU) with Mumbai Port Authority and Mumbai Port Sustainability Foundation (MPSF) for setting up a green fuel ecosystem at the port.  

The MoU is a pivotal step towards driving India's transition to cleaner energy solutions. By focusing on green fuel innovations, this initiative aims to significantly reduce greenhouse gas emissions, contributing to the country's climate change goals. Additionally, the pact 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.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.


Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
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