Indian Oil signs pact with Greenstat Norway for hydrogen fuel

Indian Oil Corporation Limited (IOCL) has signed a Statement of Intent with Greenstat Hydrogen India Pvt. Ltd., a subsidiary of Greenstat Norway, to set up a Centre of Excellence on Hydrogen. Under this association, a Center of Excellence on Hydrogen (CoE-H) including CCUS and Fuel Cells, would be developed for clean energy by IndianOil and M/s Greenstat in cooperation with Indo-Norwegian Hydrogen Cluster companies/organizations.

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Benefits:

• Facilitate transfer and sharing of technology, know-how and experience through the green Hydrogen value chain and other relevant technologies including hydrogen storage and fuel cells.
• CoE-H will be a vehicle for promoting R&D projects in Green and Blue Hydrogen between Norwegian and Indian R&D institutions/universities.

Important takeaways for all competitive exams:

• Indian Oil Corporation Limited Headquarters: New Delhi, India.
• Indian Oil Corporation Limited Chairman: Shrikant Madhav Vaidya.

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