Loyal Equipments Limited has entered into a non-binding Memorandum of Understanding (MOU) with F2N Green Hydrogen Srl, a company based in Italy.

The two companies will work together strategically on green hydrogen technology and market growth through this initial agreement. F2N Green Hydrogen will provide technical advice, while Loyal Equipments Limited will focus on developing the market and potentially manufacturing locally in India in the future.

Loyal will take on complete project orders in India, including F2N's electrolyser systems. They will aim for important market areas such as green hydrogen for oil refineries, steel factories, transportation, and storing renewable energy. F2N will help Loyal with business documents, product information, and some technical details needed before sales and for early project talks.

Loyal will be in charge of carrying out the entire project, including planning, buying materials, building parts, putting everything together, and providing support after the sale. In the beginning, they will use a joint approach to connect with customers, with F2N taking part in key technical and business discussions.

Over the next 12 to 18 months, both companies will look at how the market is responding and how many potential projects there are. If they successfully get orders and it makes sense, Loyal and F2N will consider moving to local manufacturing in India using F2N's special technology and designs.