Pure Hydrogen seeks leading role in staggering Indian hydrogen market

Pure Hydrogen is looking to take a leading position in India’s hydrogen sector by forming a joint venture with global automotive component manufacturer Advik Hi-Tech Pvt. Ltd.

The company already has links with Advik through its investee company H2X Global – which it has a 24% stake in – that had reached a similar JV for the manufacture, source and supply of products and components for hydrogen vehicles and powered products for India and for other international markets.

With this connection already in place, Pure Hydrogen has now signed a joint venture agreement to establish an Indian hydrogen production facility that will sell, transport and distribute hydrogen across India.

The joint venture company (Pure Hydrogen 49%) will also supply hydrogen fuel cell electric buses and trucks in the country.

Advik is a well-established automotive components company with over US$100 million in annual revenues.

It has a leading position in passenger, commercial vehicle and two-wheeler production as a core supplier of high technology components to almost all major Original Equipment Manufacturers.

Advik managing director Aditya Bhartia said his company was happy to partner with Pure Hydrogen to develop India’s hydrogen eco-system.

As the second most populous country in the world, India represents a staggering market for Pure Hydrogen and an incredible opportunity to reduce global emissions substantially.

With about 8.5 million trucks and more than 1.6 million buses registered in India, the impact of converting these vehicles to green hydrogen fuel will substantially reduce both emissions and costs.

JV Co also plans to tender for Government contracts involving bus supply and hydrogen refuelling.

There is also the opportunity for the PowerH2 Generators to be an alternative to Diesel powered generators. Additionally, the JV will explore the possibility of importing hydrogen from Australia.

Source: Stockhead

Tags: Advik, H2X Global, Hydrogen, India, Pure Hydrogen
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