Hindustan Petroleum Corporation Limited (HPCL) and Thermax Limited have signed a Memorandum of Understanding (MoU) at India Energy Week (IEW) 2026 in Goa. The partnership aims to develop and commercialize emerging technologies, including HP AEM Electrolyzers and CO2 capture solutions, focusing on delivering scalable and indigenous energy solutions. This collaboration reinforces the commitment to “Make in India” and supports India’s energy transition.
Strategic Clean Energy Partnership
Hindustan Petroleum Corporation Limited (HPCL) and Thermax Limited have officially announced a collaboration focused on clean and new energy technologies. The agreement, formalized through a Memorandum of Understanding (MoU), signifies a strategic step towards advancing sustainable energy solutions in India. The announcement was made on January 30, 2026.
Focus on Emerging Technologies
The collaboration aims to drive the joint development and commercialization of several emerging technologies. Key areas of focus include:
- HP AEM Electrolyzers
- CO2 capture solutions
- Bio-pyrolysis oil processing
By leveraging HPCL’s process innovation and R&D capabilities combined with Thermax’s engineering and industrial implementation strengths, the partnership is designed to deliver scalable and indigenous energy solutions.
Commitment to Sustainable Energy
This MoU underscores the commitment of both HPCL and Thermax to support India’s energy transition through sustainable, low-carbon technologies. It reinforces their dedication to the “Make in India” initiative by fostering the development of indigenous and efficient energy solutions.
Source: BSE
