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Indian Oil NSE 1.49 % has signed a preliminary agreement with Norway’s Greenstat to set up a centre of excellence on hydrogen.

“The centre of excellence on hydrogen will be a vehicle for promoting R&D projects in green and blue hydrogen between Norwegian and Indian R&D institutions/universities,” a statement by Indian Oil said.

The centre will facilitate transfer and sharing of technology, know-how and experience through the green hydrogen value chain and other relevant technologies including hydrogen storage and fuel cells, it said.

“The institute will also act as a think-tank towards developing codes and standards for best industrial practices, safety, product protocols and regulations in the area of hydrogen and fuel cells,” it further said.

The partnership between Indian Oil and Greenstat will assist stakeholders in developing business models besides offering consultancies to industry, utilities and regulators on hydrogen storage, hydrogen production, refuelling stations, fuel cells and carbon capture technologies.

The government plans to set up a national hydrogen mission, finance minister Nirmala Sitharaman had said in her Budget speech.