Goa: In a major boost to India’s clean energy ambitions, Hindustan Petroleum Corporation Limited (HPCL) and Thermax have signed a Memorandum of Understanding (MoU) at India Energy Week (IEW) 2026 in Goa to jointly develop and commercialise next-generation low-carbon and clean energy technologies.
The collaboration is aimed at supporting India’s energy transition while advancing indigenous technology development under the Make in India initiative.
Focus on Electrolysers, Carbon Capture and Bio-Energy
Under the MoU, HPCL and Thermax will work together on a range of emerging clean energy solutions, including:
- HP AEM electrolysers for green hydrogen production
- Carbon dioxide (CO₂) capture technologies to reduce industrial emissions
- Bio-pyrolysis oil processing as a sustainable bio-energy solution
These technologies are expected to play a crucial role in decarbonising industrial operations and strengthening India’s low-carbon energy ecosystem.
Read also: HPCL and Oil India Sign MoU at India Energy Week 2026 to Develop Compressed Bio-Gas Project
Complementary Strengths to Enable Commercial Scale-Up
As part of the partnership, HPCL will contribute its process innovation expertise and research & development capabilities, while Thermax will leverage its engineering excellence and experience in industrial-scale implementation.
The companies said the collaboration will help bridge the gap between laboratory-scale innovation and commercially viable, scalable clean energy solutions.
Boost to Make in India and National Energy Goals
Both organisations highlighted that the MoU reinforces their commitment to the Make in India programme by focusing on the development of indigenous clean energy technologies, reducing reliance on imports, and promoting sustainable industrial growth.
The partnership aligns with India’s broader goals of advancing clean, affordable and low-carbon energy systems, while supporting long-term energy security and climate commitments.
About HPCL
HPCL is a Maharatna Central Public Sector Enterprise in the oil and gas sector. Established in 1974, the company operates major refineries in Mumbai and Visakhapatnam, processes over 25 million tonnes of crude annually, and runs a nationwide network of more than 24,000 fuel retail outlets.
About Thermax
Thermax is a leading Indian engineering company providing energy and environment solutions to industrial and infrastructure sectors. The company specialises in clean energy, emission control, heating, cooling and water treatment technologies, with a strong focus on sustainability and innovation.
Read also: HPCL and Castrol India Sign MoU to Develop Circular Model for Re-Refining Used Lubricating Oil
