Thermax Limited and HPCL Sign MoU to Advance Sustainable Energy Solutions at IEW 2026

Thermax Limited, a leading energy and environment solutions provider and a trusted partner in energy transition and HPCL, a Maharatna Public Sector Enterprise, one of India’s largest integrated oil refining & marketing company have signed a Memorandum of Understanding (MoU) entering into a strategic collaboration with an aim to exchange scientific information, carry out joint research, and encourage demonstration & deployment in the field of HP AEM electrolysers, CO2 capture solutions, bio-pyrolysis oil processing and other emerging new energy areas.

This collaboration will accelerate the deployment of indigenous, sustainable energy technologies and significantly advance the “Make in India” vision aligned with India’s energy transition and climate objectives.

Commenting on the partnership, Ashish Bhandari, MD & CEO, Thermax Limited, said, “India’s energy transition will be driven by strong partnerships, and this collaboration between Thermax and HPCL reflects that belief. Combining Thermax’s technology and product expertise with HPCL’s complementary 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.”