IndianOil Enters Into Technology Tie-ups With Israeli Companies
Indian Oil enters into technology tie-ups with Israeli companies
Indian Oil Corporation (IndianOil) has signed Letters of Intent (LoI) with Phinergy, an Israeli start-up company, and YEDA, a technology spinoff company from Weizmann Research Institute, Israel.
The Letter of Intent with Phinergy enables Indian Oil to work on adoption of advanced energy systems for the Indian market for both mobility and stationary industrial applications. Going forward, this association could lead to the setting up of manufacturing units for these energy systems initially in India.
Similarly, the Letter of Intent signed with YEDA (Weizmann Institute) will pave the way for research collaboration between both the organisations for developing solar to green fuel technologies through concentrated solar thermal route.
Indian Oil’s R&D Centre, situated in Faridabad(Delhi-NCR), will spearhead the prospective research collaborations with these entities.