IndianOil enters into technology tie-ups with Israeli companies

Sarkaritel
By Sarkaritel January 16, 2018 12:32


Mr. Daniel Carmon, Israeli Ambassador in India, and IndianOil Chairman, Mr. Sanjeev Singh, exchanging LoI documents in the presence of Prime Minister, Shri Narendra Modi, and the visiting Prime Minister of Israel, His Excellency Mr. Benjamin Netanyahu.

New Delhi, Jan.16 Indian Oil Corporation (IndianOil) has signed Letters of Intent (LoI) with M/s. Phinergy, an Israeli start-up company, and YEDA, a technology spinoff company from Weizmann Research Institute, Israel.

IndianOil Chairman, Mr. Sanjeev Singh, exchanged the agreements with Mr. Daniel Carmon, Israeli Ambassador in India, in the presence of Hon’ble Prime Minister, Shri Narendra Modi, and the visiting Prime Minister of Israel, His Excellency Mr. Benjamin Netanyahu.

The Letter of Intent with M/s. Phinergy enables IndianOil 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.

IndianOil’s R&D Centre, situated in Faridabad (Delhi-NCR), will spearhead the prospective research collaborations with these entities.

Sarkaritel
By Sarkaritel January 16, 2018 12:32

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Sarkaritel.com Interview with U P Singh (IAS), Secretary, Ministry of Jal Shakti & Drinking Water & Sanitation by Ameya Sathaye, Publisher & Editor-in-Chief, Sarkaritel.com

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