Oil India inks pact for green hydrogen tie-up with Fertilisers and Chemicals Travancore

Oil India Limited (OIL) has signed a Memorandum of Understanding (MoU) with The Fertilisers and Chemicals Travancore Limited (FACT) to explore opportunities in the domain of green hydrogen, including green ammonia, green methanol, and other derivatives. The collaboration will also focus on decarbonising initiatives like carbon dioxide sequestration and other potential avenues for decarbonisation/clean energy transition/green fuels/renewable energy.
The MoU was executed by Santanu Kumar Saikia, General Manager (Business Development), OIL, and R. Manikkuttan, Executive Director (Production Co-ordination), FACT. This initiative signifies a significant step towards sustainable energy and environmental conservation.

The collaboration aims to promote the development and utilization of green hydrogen, ammonia, methanol, and other derivatives as a clean and sustainable energy source. Additionally, the partnership will focus on initiatives like carbon dioxide sequestration and other decarbonising efforts, aligned with the global shift towards clean and renewable energy sources.

The agreement between OIL and FACT emphasizes the commitment towards exploring and implementing sustainable energy solutions. By venturing into the domain of green hydrogen, ammonia, and methanol, the companies aim to contribute to the global efforts for reducing carbon emissions and promoting clean energy transitions.

This partnership between OIL and FACT signifies a strategic alliance to drive sustainable energy initiatives and address environmental challenges. By leveraging each other’s expertise and resources, the companies aim to make significant contributions to the development and utilization of green hydrogen, green ammonia, green methanol, and other derivatives.