Confidence Petroleum India Limited, a leading company in LPG & CNG industry, on Friday announced its entry into the rapidly growing market of green hydrogen type 4 cylinder manufacturing. Silversky Exim Pvt. Ltd., a subsidiary of its subsidiary company Confidence Futuristic Energetech Ltd will manufacture the cylinders which will be available in the markets from mid August. Type 4 cylinders are completely corrosion resistant as compared to conventional metal cylinders. These cylinders are lighter by 70 per cent as compared to metal cylinders and accomodate three times more gas. They are very safe as the cylinders are made from carbon composite with polymer liner. Confidence Group is committed to playing its vital role in the global energy transition for a cleaner and greener future as the world shifts towards sustainable energy solutions. With strong focus on innovation and environmental responsibility, the company through production of type 4 cylinders is set to revolutionize the hydrogen storage industry and harness the power of green hydrogen.
The type 4 cylinders will be designed and manufactured with focus on minimizing environmental impact. Confidence Group leveraging the state-of-art technology will deliver high quality type 4 cylinders that meet the best industry standards. The innovative designs will optimize storage efficiency and enhance overall reliability of hydrogen-based solutions. Confidence Group by venturing into green hydrogen market aims to become a front-runner in providing solutions that accelerate adoption of renewable energy sources. The cylinders will play a crucial role in efficient storage and transportation of green hydrogen.
Addressing a press conference here on Friday, Nitin Khara, Chairman and Managing Director of the company, expresses enthusiasm on Confidence Group’s foray into green hydrogen type 4 cylinder manufacturing, stating, “This strategic move aligns with our core values and commitment to environmental stewardship. We are excited to contribute to the global shift towards a sustainable and carbon-neutral future.” Yatin Khara, Manish Jain, Dimitri Kulianov, Rajashree Telharkar and other company officials were also present on the occasion. Confidence Petroleum India Limited, a distinguished name in LPG & CNG sector is listed on both BSE and NSE, has been rated No.1 by CRISIL and is acclaimed for its innovation, dedication and entrepreneurial excellence.