Hindustan Petroleum Corporation Ltd (HPCL) said that it has signed a pact with Bharat Petroleum Corporation Ltd (BPCL) for synergy in the purchase and sale of hydrogen between the refineries the two firms operate in Mumbai. Hydrogen is an essential utility required for treating of diesel and petrol to produce low-emission fuel of Euro-VI or Bharat Stage VI specifcations, and is vital for reliable and safe refinery operations.
The MoU was signed by Vijay S Agashe, Executive Director of HPCL Mumbai refinery, and Subramoni Iyer, Executive Director of BPCL Mumbai Refinery.
The one-of-a-kind strategic partnership between two oil marketing companies is part of synergy for “mutual aid during emergencies and towards environmental impact by minimising valuable hydrogen flaring.
This initiative envisages cooperation and collaboration as part of synergy in the areas of hydrogen exchange between both refineries for sustained refinery operations and uninterrupted product availability.
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