Sukhmal Jain Director Marketing BPCL talks about India Energy Week

BPCL PODCAST

In this episode, Sukhmal Jain, Director (Marketing) speaks about India Energy Week, a momentous gathering of 30,000+ energy professionals from 100+ countries, which is being held in Bengaluru from 6th - 8th February 2023, and how BPCL with a humungous presence in the entire hydrocarbon value chain, is metamorphosing into an Energy Company

Transcript:

Sukhoon: Hello and welcome to the BPCL PODCAST with me, Sukhoon. Joining us is Sukhmal Kumar Jain, Director (Marketing), Bharat Petroleum, who elaborates on how the theme of ‘Unlocking Possibilities, Empowering Lives’ at the PSU’s pavilion at India Energy Week encompasses its progressive strategy and determination to evolve new energy solutions to serve the nation.

Welcome to the BPCL PODCAST!

Sukhmal: Thanks for having me.

Sukhoon: Mr. Jain, How important is India Energy Week 2023, both to your company and to the global oil, gas and energy industry?

Sukhmal: India is one of the fastest-growing large economies in the world, poised for brisk and sustained energy growth for the foreseeable future, with an impetus for evolving and deploying cleaner energy solutions on an increasingly greater scale. Thus, India is a huge opportunity for fruitful engagement at multiple levels. Bharat Petroleum (BPCL), the second largest National Oil Company in India and a Fortune Global 500 company, with formidable core strengths, humongous nationwide operations and clear path towards clean and sustainable energy, is showcasing its vitality at India Energy Week 2023.

Sukhoon: That’s amazing to know sir, that India has a huge opportunity to engage during India Energy week at several levels and that BPCL has laid a clear path toward clean & sustainable energy, which brings me to my next question. What is the central theme of your company’s participation at the India Energy week and are you launching any new projects or services with regard to that?

Sukhmal: In India Energy week 2023, The theme of BPCL Pavilion is ‘Unlocking Possibilities, Empowering Lives’. This encompasses our aspiration, progressive strategy and determination to evolve new and improved energy solutions to serve the nation with abundant, affordable, clean energy. BPCL has been charting a pragmatic path in its journey of energy transition and has expressed its commitment to achieving the ambitious goal of ‘Net Zero’ in Scope 1 and Scope 2 emissions by 2040. For that, we have unfolded a slew of initiatives that are shaping our transformation from a predominantly oil and gas company into an ‘energy’ company. Also on the display will be our massive digital transformation journey, which has enabled enhanced trust, convenience, and personalization to deliver novel customer experiences by leveraging digital integration and advanced analytics based on artificial intelligence and machine learning technologies.

Sukhoon: That is quite a progressive strategy, Mr Jain, especially since you brought up the vision of BPCL achieving the Net Zero emissions in scope 1 and 2, by 2040 and stepping into the age of digital transformation with a focus on delivering novel customer experience and elevating trust in the company. Mr Jain, this is the first event of its kind, right, that brings together conventional and unconventional energy companies on the same platform. How do you think India Energy Week will build synergy between the two of them? Do you believe this will shape the future of the energy industry in India and beyond?

Sukhmal: From the perspective of the energy transition, the boundaries between traditional energy companies and renewable energy companies are blurring. We, at Bharat Petroleum, are implementing a stage-wise long-term plan to multiply our renewable energy share and expanding solar, wind, and biofuels. We are expanding our renewables portfolio and have plans to reach 1 GW of renewables by 2025 and 10 GW by 2040. Also, we are accelerating biofuels in this pursuit. We are presently blending 10% ethanol in petrol, with a target to reach 20% blending by 2025-26.

Sukhoon: That is refreshing to know that lines are blurring between the traditional and renewable energy sectors, since that is important for what the future holds for energy companies in India, in terms of solar expansions, wind expansions and renewable energy at large. Mr Jain, India Energy Week 2023 is being organised during India’s presidency at the G20 and the Shanghai Cooperation. Do you think this will reflect on the unique opportunity to showcase India as an engine of global economic growth and a driver for global consumption in the energy sector?

Sukhmal: India recently overtook the UK to become the fifth-largest economy in the world and is the third-largest consumer of energy. It is the most populous country, with a favorable demographic composition. This puts India firmly at the center of the global map, as a major driver of economic and energy growth, as well as, a regional and global economic powerhouse, which is being showcased emphatically at India Energy Week 2023.

Sukhoon: How critical is India’s role in the global energy transition and in solving the energy trilemma of security, affordability, and availability? As a pillar of India’s energy sector, what role do you see your company playing in that journey?

Sukhmal: By fast-tracking renewable energy, India is demonstrating the enormous potential of clean energy solutions to combat climate change. India has the world’s fourth-largest cumulative renewable energy capacity installed today and has emerged as one of the cheapest producers of it in the last few years. Remarkably, India has multiplied its solar power generation by as much as 50 times since 2012 and also has a target to triple its non-fossil power generation by 2030. Alongside the national goal to rapidly decarbonise the economy, Bharat Petroleum is making strides in its own energy transition. We are also expanding our R&D efforts and technological collaborations to enhance and develop clean energy solutions. As India aims to increase the use of natural gas in its energy mix to 15% by 2030, BPCL, along with our JVs, is expanding its presence in CGD space, with licenses for developing CGD network in 50 geographical areas covering 105 districts, after 11th CGD bidding round. The success in the past few CGD rounds has placed BPCL among the top 3 CGD players in the country. We also supply gas to refineries, as fuel for process and utility heaters, hydrogen generation unit and gas turbines. In the electric mobility space, to address range anxiety of electric four-wheelers, we have come up with a novel concept of creating Highway Fast Charging Corridors. We plan to convert more than 7,000 conventional fuel stations into energy stations, in the medium to long term, providing multiple fuelling options. To achieve our target of ‘Net Zero’ in Scope 1 and Scope 2 emissions by the year 2040, a water electrolyzer-based green hydrogen plant of about 9 tons per day capacity has been planned at our Bina Refinery, which is expected to be commissioned in 2025. We plan to scale up green hydrogen production in the medium term.

Sukhoon: Mr Jain, thank you so much for giving us the perspective on India Energy Week, BPCL’s participation and how BPCL is steadfastly anchored to the energy needs of the nation and aligned with global climate action, having embarked upon an ambitious voyage of energy transition towards a cleaner and sustainable future.

Sukhmal: Thank you so much.

Sukhoon: Do subscribe to this podcast wherever you are listening to this podcast from, we have more of our upcoming episodes of the BPCL PODCAST, and trust me, we do have plenty on the way. You can also find us and follow us too, we are on Instagram and Twitter @BPCLimited. You can also find us on Facebook by typing in Bharat Petroleum Corporation Limited! This was the BPCL PODCAST, by “Bharat Petroleum Corporation India Limited - Energising Lives”.

END.

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For more details contact:

Abbas Akhtar - Chief General Manager (Brand & PR) at Bharat Petroleum Corporation Limited
Saurabh Jain - Chief Manager PR & Brand

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فصول

1. Sukhmal Jain Director Marketing BPCL talks about India Energy Week (00:00:00)

2. How important is India Energy Week 2023 (00:00:39)

3. What is the central theme? (00:01:39)

4. How do you think IEW will build synergy ? (00:03:19)

5. BPCL s role in solving the energy trilemma (00:05:32)