Oil India Ltd to collaborate with homiHydrogen for green hydrogen value chain

India’s second-largest oil and gas explorer, Oil India Ltd, has announced that it has signed an initial agreement with homiHydrogen to work together in the green hydrogen value chain.

As per the agreement, both the companies will work together 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.

homiHydrogen is a joint venture company established by electrolyser experts from Germany, Switzerland, Italy and Norway to manufacture all the four types of electrolysers under one roof.

homiHydrogen is promoted by companies like h2e Power Systems Pvt Ltd, Bluebasic Ama Engineering Pvt Ltd and Greenstat Hydrogen India Pvt Ltd.

According to a statement issued by both the companies, the collaboration will provide push toward a hydrogen economy in the country.