Oil India Ltd and Canada's Petroleum Technology Research Centre (PTRC) signed a collaboration framework on June 10, 2026 to explore carbon capture, geothermal energy, and other clean energy technologies. The agreement aims to deepen energy cooperation between India and Canada as both countries pursue their sustainability goals. The partnership will focus on carbon capture, utilization and storage (CCUS), geothermal energy, subsurface energy technologies, and innovation-led research. Specific areas include geological sequestration and mineralisation of captured CO2, enhanced oil recovery technologies to reduce environmental footprint, and identification of business opportunities through industry partnerships and research networks. The framework also includes engagement with mc2+, India's startup platform backed by the petroleum ministry. This collaboration could accelerate deployment of CCUS and geothermal projects in both countries, which are critical for industrial decarbonization and grid decarbonization.
