Confidence Petroleum India launches green hydrogen cylinders

Autocar Pro News Desk By Autocar Pro News Desk calendar 12 Feb 2024 Views icon163 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Confidence Petroleum India launches green hydrogen cylinders

Confidence Petroleum India ventured into the green hydrogen market by launching green hydrogen cylinders. 

The Green hydrogen Type 4 cylinders will be manufactured by its subsidiary Silversky Exim. 

The company that operates in the LPG and CNG industry, claims that the designs will optimise storage efficiency and be a step in enhancing the overall reliability of hydrogen based solutions. 

"This strategic move aligns with our core values and commitment to environmental stewardship," said Nitin Khara, Chairman and Managing Director, Confidence Group.

Type 4 cylinders are made primarily from carbon composite with polymer liner, and are 70% lighter as compared to Type 1 metal cylinders, the press release noted. 

They are corrosion-resistant and transport three times more gas as compared to Type 1 metal cylinders. 

RELATED ARTICLES
Samvardhana Motherson reports 27% jump in revenue at Rs 25,698 crore in Q3 FY24 

auther Autocar Pro News Desk calendar12 Feb 2024

The company reported a net profit of Rs 733 crore, for the third quarter ended December, up 61% on year.

FICCI quarterly survey on manufacturing reveals sustained growth in last two quarters of FY24

auther Autocar Pro News Desk calendar12 Feb 2024

Compared to the previous quarter, Q3 FY 24, when 73% respondents had reported higher production levels, in the current Q...

Shares of Bharat Forge fall more than 10% on growth concerns in FY25

auther Autocar Pro News Desk calendar12 Feb 2024

During the quarter, the company has secured new business worth Rs 550 crore across Automotive, Industrial, Defence, Aero...