Hydrexia and NovaAir Partner to Develop Hydrogen Market in India
Key Ideas
  • Hydrexia Singapore and NovaAir have signed an MOU to jointly develop the hydrogen market in India, utilizing their combined market skills and technologies.
  • The cooperation aims to explore business projects in hydrogen purification, refueling stations, and transportation to meet India's hydrogen development needs.
  • This partnership strengthens Hydrexia's market expansion in Asia, demonstrating a commitment to serving hydrogen business needs by collaborating with local partners.
  • Both companies express enthusiasm about the collaboration, highlighting the potential to leverage their strengths in technology and market skills for future growth in the hydrogen sector.
Hydrexia Singapore Pte Ltd, a subsidiary of Hydrexia Holding Limited, and NovaAir Private Limited have inked a Memorandum of Understanding (MOU) to jointly develop the hydrogen market in India. The collaboration will focus on leveraging NovaAir's local business development capabilities and Hydrexia's technologies in hydrogen purification, refueling stations, and transportation. This partnership signifies a strategic move to address India's hydrogen development needs by combining the expertise and resources of both companies. Hydrexia's CEO, George Gan, and NovaAir's Managing Director, Gajanan Nabar, expressed excitement about the partnership, emphasizing the potential to meet market demands effectively. The MOU marks a significant step in Hydrexia's expansion in the Asian market, reflecting a strong commitment to serving the region's hydrogen business needs through collaborations with local partners. With a successful track record in the hydrogen sector, Hydrexia aims to utilize its technology solutions to benefit customers in India. NovaAir, supported by PAG India, brings expertise in industrial gases to enhance the joint efforts in the hydrogen market. The companies are optimistic about the future cooperation and the value it will bring to the evolving hydrogen industry.
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