Drillmec OK’s 35 mn euro investment plan in energy transition

The board of directors of Drillmec, a Piacenza-based company in the Oil and Gas sector, part of Indian infrastructure giant Meil Group has approved the investment plan for over 35 million Euros in the energy transition which includes initiatives in production of hydrogen through the most advanced technologies available such as electrolysis, pyrolysis and the design and construction of CO2 capture and storage systems and last but not least geothermal energy.

In this context, Drillmec has launched the company Idrogena, a start-up dedicated to the development and industrial production of a pyrolytic converter for the production of ultra-clean hydrogen.