IndianOil enters into technology tie-ups with Israeli firms

IOCL to work on to adopt advanced energy systems for the Indian market

GN Bureau | January 17, 2018


#IndianOil   #IOCL   #Phinergy   #YEDA  

IndianOil Corporation (IndianOil) has inked agreements with Phinergy, an Israeli start-up company, and YEDA, a technology spinoff company from Weizmann Research Institute, Israel. 

 
The agreement enables IndianOil to work on adoption of advanced energy systems for the Indian market for both mobility and stationary industrial applications. This association could lead to the setting up of manufacturing units for these energy systems initially in India. 
 
Similarly, the agreements signed with YEDA will pave the way for research collaboration between both the organisations for developing solar to green fuel technologies through concentrated solar thermal route. 
 
IndianOil’s Faridabad-based R&D centre will spearhead the prospective research collaborations with the said entities. 
 
IndianOil chairman, Sanjiv Singh, exchanged the agreements with Israeli Ambassador Daniel Carmon in India.

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