MEIL Plans to Invest 35 MN Euros in Energy Transition & Hydrogen Production

Drillmec, an Italian manufacturer of oil and gas drilling rigs and a subsidiary of the city-based MEIL Group, announced on Friday that its board of directors had approved a 35 million-euro investment plan in energy transition, which includes hydrogen production initiatives.

According to a press release from MEIL, hydrogen will be produced using advanced technologies such as electrolysis, pyrolysis, and the design and construction of CO2 capture and storage systems, as well as geothermal energy.

Drillmec has already established Idrogena, a start-up dedicated to the development and commercialization of a pyrolytic converter for the production of ultra-clean hydrogen.

"We are pleased to announce this new initiative in our country (Italy) which is consistent with our history, which is to innovate and develop responsible and safe technologies capable of incorporating energy, social, and environmental needs," said Simone Trevisani, CEO of Drillmec.

According to the release, the converter designed by the Idrogena team, which includes personnel with over 30 years of experience in process engineering, will produce hydrogen without the use of pollutants via pyrolysis.

About MEIL

MEIL (Megha Engineering & Infrastructures Limited) is an Indian infrastructure company based in Hyderabad. The business began as a small fabrication shop in 1989. The company earned a reputation in the manufacturing and engineering industries over time.

MEIL’s Expertise in Irrigation Sector:

Agriculture accounts for a significant portion of the Indian economy. Monsoons provide daily sustenance to millions of farmers in a variety of climate zones. Drought and famine conditions wreak havoc on people during periods of insufficient rainfall and dry spells. Floods, on the other hand, are a common occurrence in some areas. Irrigation projects are critical in this situation because they divert excess water to drylands, resulting in balanced regional development. MEIL’s Expertise in Irrigation Sector is as follows:

• Investigation, design, engineering, and construction of dams, spillways, reservoirs, canals including distribution systems.

• Investigation, design, and execution of minor and major lift irrigation projects.

• Design, engineering and execution of water transmission mains.

• Design, engineering and execution of micro-irrigation projects

• Design, engineering and execution of piped irrigation canal system

• Design, engineering and execution of Hydraulic Tunnels and Underground pump houses for major irrigation projects