Hydrexia Singapore Pte. Ltd., a wholly-owned subsidiary of Hydrexia Holding Ltd., a leading integrated H₂ solution provider in China, and NovaAir Pte. Ltd., a PAG investee company in India, have inked a Memorandum of Understanding (MoU) to jointly develop the H₂ market in India. The cooperation is intended to utilize the combined market skills and technologies of both companies to best meet the H₂ development needs in India.

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 H₂ purifications, H₂ refueling station (HRS) and H₂ transportation and storage.

The planned cooperation adds significant values 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 H₂ 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 H₂ market in India,” said George Gan, the Chief Executive Officer of Hydrexia Southeast Asia. “The new venture will also help us to best utilize our H₂ 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 H₂ market locally. Hydrexia has clearly demonstrated its technological competitiveness to address the market needs,” said Gajanan Nabar, the Managing Director and Chief Executive Officer of NovaAir. “Our combined market skills and technologies will enable us to best serve the needs of the H₂ market going forward,” Nabar continued.

Hydrexia has been actively expanding its business operation in the H₂ markets in Southeast Asian countries where its business has been growing rapidly, having secured strategic partnership, joint venture and business contracts in 2024. Hydrexia is fully committed to serving the technology and solution needs of its customers globally.