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Greenstat Hydrogen is pleased to announce its partnership with Lanka IOC PLC, the only private sector company in Sri Lanka with a fuel distribution license. The two companies have recently signed a Memorandum of Understanding (MOU) and framework agreement, aiming to drive integration of renewable energy, green hydrogen, and its derivatives in the Sri Lankan energy landscape.
This landmark partnership between Greenstat Hydrogen and Lanka IOC marks one of the first hydrogen development programs in Sri Lanka. By joining forces, the collaboration aims to facilitate cross value chain technology transfer in green hydrogen production and downstream fuel operations. This initiative represents a significant step towards decarbonization and enhanced energy security in Sri Lanka.
Greenstat Hydrogen recognizes the tremendous potential of this partnership to set the standards for hydrogen adoption in the country. With Lanka IOC’s extensive operational expertise and market footprint in fuel distribution, combined with Greenstat’s experience in the hydrogen and renewables value chain, the collaboration holds promise for a sustainable energy future in Sri Lanka.
The joint efforts of Greenstat and Lanka IOC will focus on assessing opportunities in the downstream transport sector, including the adoption of green hydrogen in transportation, as well as the development of bunkering and supply solutions for green maritime and aviation fuels.
Lanka IOC PLC, a subsidiary of Indian Oil Corporation, operates retail petrol and diesel stations across Sri Lanka through an island-wide distribution network of 211 retail outlets. With its headquarters located in Colombo City, Lanka IOC is a key player in Sri Lanka’s private sector fuel retail industry.
Greenstat Hydrogen (Pvt) Ltd, a subsidiary of the Norwegian energy company Greenstat ASA, specializes in green energy and technology solutions, with a strong focus on green hydrogen, solar, wind, and zero-emission maritime solutions. The Greenstat Group’s vision, “Making Green Happen,” is dedicated to developing and operating sustainable energy and technology projects and investing in companies that contribute to a greener future. Leveraging its expertise in hydrogen, Greenstat is committed to driving the transition from fossil to renewable energy sources with zero emissions.
The partnership between Greenstat Hydrogen and Lanka IOC represents a major stride towards sustainable energy solutions and signifies a strong commitment to a low-carbon and environmentally conscious future for Sri Lanka. Both companies look forward to leveraging their strengths to accelerate the adoption of green hydrogen and renewable energy technologies in the country.
Colombo, Sri Lanka – Greenstat is excited to announce a groundbreaking collaboration with Lanka Ashok Leyland to embark on a journey towards a greener, sustainable future. The parties have come together to set the scope of cooperation and establish a pilot project that aims to revolutionize the transport sector in Sri Lanka through the production and utilization of Green Hydrogen power.
The scope of cooperation between Greenstat Hydrogen Sri Lanka and Lanka Ashok Leyland includes the following key initiatives:
The pilot phase will be centered on Green Mobility solutions in the transport sector in Sri Lanka. It will encompass various aspects, including the preliminary study, feasibility analysis, and technology selection for conversion. The pilot will evaluate the performance criteria and measurement methodology post-conversion, documenting essential lessons learned and outlining a comprehensive rollout plan.
Under the leadership of Greenstat, the collaboration will involve responsibilities for sourcing and tying up the required renewable energy, capacity building in technical areas and safety, as well as the establishment of storage and hydrogen dispensing stations. Lanka Ashok Leyland, on the other hand, will provide the required number of running Buses and Trucks for the pilot, offering work areas in their factory premises, and the necessary manpower for retrofitting and modification from IC Engine to Hydrogen-powered fuel cell technology.
Together, Greenstat and Lanka Ashok Leyland will work jointly to obtain the required clearances from the government and regulatory agencies for this visionary project. The joint venture will undertake the retrofitting and modification required to convert the Buses and Trucks into Hydrogen-powered vehicles, conducting test runs and scaling up operations based on the outcomes of the pilot projects.
The collaboration holds the promise of revolutionizing the transport sector in Sri Lanka, transforming it into a cleaner, sustainable, and environment-friendly ecosystem. By embracing Green Hydrogen power, the partnership aims to make significant strides towards a zero-emission future, while simultaneously fostering growth and development in the renewable energy industry.
About Greenstat: Greenstat Hydrogen Sri Lanka Is a subsidiary and a pioneering company dedicated to driving sustainable innovation and environmentally responsible practices. We are committed to advancing the adoption of renewable energy solutions and technologies, working towards a cleaner, greener world.
About Lanka Ashik Leyland is a renowned and esteemed company in the transport sector in Sri Lanka, with a strong commitment to corporate responsibility and sustainability. By joining hands with Greenstat, they aim to spearhead the transition to Green Hydrogen power and leave a lasting positive impact on the environment.
