HPCL partners Thermax to give fillip to clean energy technologies

On the sidelines of India Energy Week, Hindustan Petroleum Corp Ltd (HPCL) has entered into a strategic partnership with Thermax Limited for joint pursuit of clean and new energy solutions. The objective of the signed MoU is to align with India’s evolving energy transition and climate goals.

Under the agreement, both HPCL and Thermax will work together on the joint development and potential commercialization of emerging clean energy technologies. The collaboration will focus on three key technology areas that are critical to India’s low-carbon transition.

These solutions would include HP AEM electrolyzers for green hydrogen production, advanced carbon dioxide (CO₂) capture solutions to reduce industrial emissions, and bio-pyrolysis oil processing technologies aimed at producing sustainable fuels from biomass. Together, these technologies are expected to contribute to cleaner energy pathways and improved environmental outcomes.

The partnership brings together the complementary strengths of both organizations, combining HPCL’s strong process innovation and research and development capabilities with Thermax’s proven engineering expertise and industrial implementation experience.

The development by HPCL and Thermax would bolster the government’s ‘Make in India’ scheme. By prioritizing the development of scalable and indigenous technologies, the collaboration seeks to strengthen domestic manufacturing capabilities while accelerating the deployment of sustainable energy solutions across the country.

Through this MoU, HPCL and Thermax aim to support India’s broader energy transition objectives by fostering innovation, promoting indigenous technology development, and enabling practical, deployable solutions for a low-carbon future. The collaboration represents a significant step forward in strengthening India’s clean energy ecosystem through industry-led cooperation and technological advancement.

HPCL also signed a deal with Oil India Limited (OIL) for the development of a Compressed Bio-Gas (CBG) project.

Aiming High

Recently in an investor presentation, HPCL revealed its plan to invest around Rs 77,000 crore during the five-year period ending 2027-28, with nearly 36%—about Rs 28,000 crore—allocated to green energy and net-zero initiatives. Of this, renewable energy alone will account for 8% of the planned capex, while biofuels will receive 4%.