Hydrexia and NovaAir inked MoU to jointly develop the Hydrogen market in India
Hydrexia Singapore Pte Ltd, a wholly-owned subsidiary of Hydrexia Holding Limited (Hydrexia), a leading integrated hydrogen solution provider in China, and NovaAir Private Limited (NovaAir), a PAG investee company in India today announced that the two companies have inked a Memorandum of Understanding (MOU) to develop the hydrogen market in India jointly. The cooperation is intended to utilize the combined market skills and technologies of both companies to best meet India’s hydrogen development needs.
Under the scope of the MOU, Hydrexia and NovaAir will work closely to jointly explore potential business projects leveraging NovaAir’s local business development capabilities as well as Hydrexia’s technologies and solutions in hydrogen purifications, hydrogen refueling station (HRS) and hydrogen transportation and storage.
The planned cooperation adds significant value to Hydrexia’s fast-growing market expansion in the Asian market following recent successful business initiatives in the region. The cooperation with NovaAir will further reinforce the strong commitment of Hydrexia to serve hydrogen business needs in the region by collaborating with local partners.
“The MOU adds a new dimension to the rapid growth of our business in Asia. We are extremely happy to work with NovaAir to develop the hydrogen market in India,” said George Gan. “The new venture will also help us to best utilize our hydrogen technology solutions to serve the needs of our customers in India,” Gan added.
“We are happy to have chosen Hydrexia as our partner to develop the hydrogen market locally. Hydrexia has demonstrated its technological competitiveness to address the market needs,” said Gajanan Nabar. “Our combined market skills and technologies will enable us to best serve the needs of the hydrogen market going forward,” Nabar continued.
Hydrexia has been actively expanding its business operation in the hydrogen markets in Southeast Asian countries where its business has been growing rapidly, having secured strategic partnerships, joint ventures, and business contracts in 2024. Hydrexia is fully committed to serving the technology and solution needs of its customers globally.
