HPCL Partners with Thermax Limited for Clean Energy Technology Development
Hindustan Petroleum Corporation Limited and Thermax Limited have signed a strategic MoU at India Energy Week 2026 in Goa for joint development of clean energy technologies. The partnership focuses on HP AEM Electrolyzers, CO2 capture solutions, and bio-pyrolysis oil processing, combining HPCL's R&D capabilities with Thermax's engineering strengths. The collaboration supports India's energy transition and reinforces both organizations' commitment to the "Make in India" initiative through scalable, indigenous energy solutions.
*this image is generated using AI for illustrative purposes only.
Hindustan Petroleum Corporation Limited (HPCL) has announced a strategic partnership with Thermax Limited through a Memorandum of Understanding (MoU) signed at India Energy Week 2026 in Goa. The collaboration marks a significant step towards advancing clean and new energy solutions in India's evolving energy landscape.
Strategic Partnership Overview
The partnership brings together two industry leaders to focus on joint development and commercialization of emerging clean energy technologies. The collaboration leverages the complementary strengths of both organizations to create scalable and indigenous energy solutions.
| Partnership Details: | Information |
|---|---|
| Signing Venue: | India Energy Week (IEW) 2026, Goa |
| Partnership Type: | Memorandum of Understanding (MoU) |
| Focus Area: | Clean and New Energy Technologies |
| Approach: | Joint Development and Commercialization |
Technology Focus Areas
The collaboration will concentrate on three key technology domains that represent critical components of India's clean energy transition. These technologies align with global trends towards sustainable and low-carbon energy solutions.
Key Technologies Under Development
- HP AEM Electrolyzers: Advanced electrolyzer technology for hydrogen production
- CO2 Capture Solutions: Carbon dioxide capture and utilization technologies
- Bio-pyrolysis Oil Processing: Sustainable fuel processing from biomass sources
Organizational Strengths and Synergies
The partnership strategically combines the distinct capabilities of both organizations to maximize technological innovation and commercial viability. HPCL brings its extensive process innovation expertise and research and development capabilities to the collaboration. Thermax contributes its proven engineering excellence and industrial implementation strengths.
| Organization: | Key Contributions |
|---|---|
| HPCL: | Process Innovation and R&D Capabilities |
| Thermax Limited: | Engineering and Industrial Implementation Strengths |
| Combined Objective: | Scalable and Indigenous Energy Solutions |
Strategic Alignment with National Objectives
The MoU reinforces both organizations' commitment to the "Make in India" initiative, emphasizing the development of indigenous technological solutions. The partnership supports India's broader energy transition goals through the advancement of sustainable, low-carbon technologies that can contribute to the country's clean energy objectives.
This collaboration represents a significant development in India's clean energy sector, bringing together established industry expertise to address emerging technological challenges in the energy transition space.
Historical Stock Returns for Hindustan Petroleum
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.29% | -0.16% | -9.94% | +0.28% | +23.68% | +193.01% |
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