Hindustan Petroleum Corporation (HPCL) and Thermax have signed a Memorandum of Understanding (MoU) at India Energy Week (IEW) 2026 in Goa, marking a strategic step towards advancing clean and new energy solutions.
The collaboration will focus on the joint development and commercialization of emerging technologies, including HP AEM Electrolyzers, CO? capture solutions, and bio-pyrolysis oil processing. By combining HPCL’s process innovation and R&D capabilities with Thermax’s engineering and industrial implementation strengths, the partnership aims to deliver scalable and indigenous energy solutions. This MoU reinforces the commitment of both organizations to ‘Make in India’ and supports India’s energy transition through sustainable, low-carbon technologies.
Hindustan Petroleum Corporation operates two major refineries producing a wide variety of petroleum fuels and Specialties. The Company also owns and operates the largest lube refinery in the country producing lube base oils of international standards.
