Thermax Limited and Hindustan Petroleum Corporation Limited (HPCL) have signed a Memorandum of Understanding (MoU) to collaborate on sustainable energy solutions. The partnership aims to exchange scientific information, conduct joint research, and promote the deployment of technologies in areas such as HP AEM electrolysers, CO2 capture, and bio-pyrolysis. This collaboration supports India’s energy transition goals and the “Make in India” vision, focusing on green hydrogen and bio-based fuels.
Strategic Collaboration Announced
Thermax Limited and Hindustan Petroleum Corporation Limited (HPCL) have formalized a strategic partnership to advance sustainable energy solutions. The Memorandum of Understanding (MoU) aims to foster collaboration in key areas of renewable energy and technology development.
Key Focus Areas
The collaboration will concentrate on the following:
- Exchanging scientific information.
- Joint research initiatives.
- Demonstration and deployment of HP AEM electrolysers.
- CO2 capture solutions.
- Bio-pyrolysis oil processing.
- Emerging new energy areas.
Advancing Sustainable Technologies
This partnership is expected to accelerate the deployment of indigenous, sustainable energy technologies, aligning with the “Make in India” vision and supporting India’s energy transition and climate objectives. The collaboration seeks to leverage the strengths of both companies to drive innovation and implementation.
Leadership Perspective
Ashish Bhandari, MD & CEO of Thermax Limited, stated that the collaboration between Thermax and HPCL reflects the belief that India’s energy transition will be driven by strong partnerships. Combining Thermax’s technology and product expertise with HPCL’s R&D, operational excellence, and scale, the partnership will advance solutions across green hydrogen, carbon capture, and bio-based fuels, accelerating the journey from innovation to on-ground implementation.
About Thermax Limited
Thermax Limited (NSE: THERMAX) is a leading conglomerate in the energy and environment space, offering solutions including clean air, clean energy, clean water, and chemical solutions. Thermax leverages its industry partnerships and expertise in audit, consulting, execution, and maintenance to provide unified energy and environment management experiences.
About Hindustan Petroleum Corporation Limited
Hindustan Petroleum Corporation Limited (HPCL) operates oil refineries and holds stakes in joint venture refineries. HPCL has a vast marketing network including retail outlets and LPG distributorships, and develops infrastructure including LNG storage and regasification terminals to meet the growing energy needs of the nation.
Source: BSE
