Thermax and HPCL Sign MoU for Sustainable Energy Solutions
Filing Summary
Thermax Limited and Hindustan Petroleum Corporation Limited (HPCL) have signed a Memorandum of Understanding (MoU) to collaborate on sustainable energy solutions. The agreement, announced at India Energy Week 2026, focuses on joint research and deployment in areas such as HP AEM electrolysers, CO2 capture solutions, and bio-pyrolysis oil processing. This partnership aims to advance indigenous energy technologies. Thermax is known for its energy and environment solutions, while HPCL is a major player in oil refining and marketing. The collaboration aligns with India’s energy transition goals.
On January 29, 2026, Thermax Limited and Hindustan Petroleum Corporation Limited (HPCL) signed a Memorandum of Understanding (MoU) to collaborate on sustainable energy solutions. The announcement was made during India Energy Week 2026 in Goa. The MoU outlines a strategic collaboration to exchange scientific information, conduct joint research, and promote the demonstration and deployment of technologies in areas such as HP AEM electrolysers, CO2 capture solutions, and bio-pyrolysis oil processing.
This collaboration is intended to accelerate the deployment of indigenous, sustainable energy technologies. It aligns with the “Make in India” initiative and supports India’s energy transition and climate objectives. The partnership will focus on advancing solutions across green hydrogen, carbon capture, and bio-based fuels.
Thermax Limited is a leading provider of energy and environment solutions. The company’s portfolio includes clean air, clean energy, clean water, and chemical solutions. Thermax has developed expertise in audit, consulting, execution, and maintenance, supported by digital solutions. The company operates 16 manufacturing facilities across India, Europe, and Southeast Asia and has over 45 subsidiaries globally.
Hindustan Petroleum Corporation Limited is a major integrated oil refining and marketing company in India. It operates two oil refineries on the East and West Coasts of India and holds stakes in joint venture refineries. HPCL’s infrastructure includes a vast marketing network with retail outlets, LPG distributorships, and a pipeline network. The company is also involved in developing a greenfield joint venture refinery in Rajasthan and a 5 MMTPA LNG storage and regasification terminal in Gujarat.
For more information, visit the official websites of Thermax Limited and Hindustan Petroleum Corporation Limited.