Hydrexia and NovaAir Join Forces to Boost Hydrogen Market in India
Key Ideas
  • Hydrexia and NovaAir have signed an MOU to collaborate on developing the hydrogen market in India, combining their market skills and technologies.
  • The partnership aims to leverage NovaAir's local business development capabilities and Hydrexia's expertise in hydrogen purification, refueling stations, and transportation.
  • Both companies express enthusiasm about the collaboration, with Hydrexia seeing it as a strategic move for expanding in Asia and NovaAir highlighting Hydrexia's technological competitiveness.
  • Hydrexia, a prominent hydrogen technology solutions provider, is dedicated to meeting global hydrogen industry needs and has been actively expanding its presence in Southeast Asia.
Hydrexia Singapore Pte Ltd, a subsidiary of Hydrexia Holding Limited (Hydrexia), and NovaAir Private Limited (NovaAir) have signed a Memorandum of Understanding (MOU) to jointly develop the hydrogen market in India. The collaboration will involve exploring business projects that make use of NovaAir's local business development capabilities and Hydrexia's technologies in hydrogen purification, refueling stations, and transportation. The partnership is seen as a significant move for Hydrexia's market expansion in Asia, following successful initiatives in the region. Both companies are optimistic about the venture, with Hydrexia's CEO, George Gan, emphasizing the opportunity to serve customers in India with their hydrogen technology solutions, and NovaAir's MD and CEO, Gajanan Nabar, praising Hydrexia's technological competitiveness. Hydrexia, known for its integrated hydrogen technology solutions, has been actively growing its presence in Southeast Asian countries, securing various partnerships and contracts in 2024. The company is dedicated to meeting the technology and solution needs of its global customers. NovaAir, funded by PAG India, specializes in supplying industrial gases and is known for its safety, operational reliability, and economic efficiency in supporting customers in the manufacturing process. The collaboration between Hydrexia and NovaAir signifies a joint effort to best cater to the hydrogen market in India and underscores the commitment of both companies to addressing the evolving needs of the hydrogen industry.
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