Oil India has inked an initial agreement with homiHydrogen to work together in the green hydrogen value chain. The memorandum of understanding (MoU) signed with homiHydrogen is to boost India's efforts towards energy transition for achieving net-zero by 2070 and support development of indigenous technology and manufacturing under Atmanirbhar Bharat in the field of hydrogen and green energy technology.
OIL India and homiHydrogen plan to work together to establish a framework that can enable the parties to study, structure and agree on a possible long-term partnership, which could include manufacturing and packaging of electrolysers in India and become an integral part of the Green Hydrogen value chain. The collaboration will provide impetus toward a hydrogen economy in the country.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.
