Time Technoplast becomes India’s first to gain both PESO and Bureau Veritas approvals for 150-litre hydrogen composite cylinders, strengthening its position in the domestic and global green energy storage market.
15 May 2025 | 289 Views | By Sarthak Mahajan
Time Technoplast Ltd. has received international certification from Bureau Veritas Services SAS, France, for its 150-litre Type IV fully wrapped fibre-reinforced refillable composite hydrogen cylinder. This makes the company the only Indian manufacturer to hold approvals from both the Petroleum and Explosives Safety Organization (PESO) and an internationally accredited body ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
Time Technoplast Ltd. has received international certification from Bureau Veritas Services SAS, France, for its 150-litre Type IV fully wrapped fibre-reinforced refillable composite hydrogen cylinder. This makes the company the only Indian manufacturer to hold approvals from both the Petroleum and Explosives Safety Organization (PESO) and an internationally accredited body for this product category.
This dual certification strengthens the company’s position in the growing hydrogen storage sector, aligning with India’s green energy initiatives and export ambitions. The certification comes after 3–4 years of intensive R&D, testing, and in-house development.
Citing GlobeNewswire estimates, the company noted that the global market for composite hydrogen cylinders is expected to expand at a CAGR of 13.2%, growing from USD 1.125 billion in 2024 to approximately USD 4.4 billion by 2036.
Time Technoplast Limited, a polymer product manufacturer based in India, has announced that it has received approval from Bureau Veritas Services SAS, France, for its 150-litre fully wrapped fibre-reinforced refillable Type IV composite cylinder designed for hydrogen applications. This certification from an internationally recognised agency comes in addition to the approval previously granted by the Petroleum and Explosives Safety Organization (PESO), the government-nominated body in India.
With this dual certification, Time Technoplast becomes the only company in India to secure both domestic and international approvals for manufacturing and supplying Type IV composite hydrogen cylinders. The certification supports the company’s capability to serve both domestic and global markets and is aligned with ongoing efforts to support initiatives related to green energy and the “Make in India” programme.
The company stated that this achievement is the outcome of nearly three to four years of dedicated work involving internal trials, comprehensive testing procedures, and continuous research and development. The development of the cylinder has been supported entirely by internal accruals, without reliance on external funding.
Time Technoplast also referred to market data suggesting significant growth in the composite hydrogen cylinder sector, with projections indicating a compound annual growth rate (CAGR) of 13.2% over the next twelve years. As per estimates cited from GlobeNewswire, the global market is expected to increase from USD 1.125 billion in 2024 to approximately USD 4.4 billion by 2036.
The company acknowledged the support of its stakeholders and noted that the approval reaffirms the safety, strength, and reliability of its composite technology. This development adds to the company's product portfolio and could potentially contribute to broader applications in the clean energy sector in the future.