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HPCL Inks MoU with Thermax to Develop Emerging Technologies

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.

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.

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.

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