We have a strong presence across different hydrogen production technologies.

In grey hydrogen (production of hydrogen from natural gas), we have technology for the supply of catalysts and a c.40% segment share-2.

In blue hydrogen (production of hydrogen from natural gas with carbon capture), we have leading technology which is more efficient, with lower capital intensity-3 and captures over 95% of produced carbon dioxide at high pressure and purity, enabling easier transportation and storage. Our technology is already being commercialised at scale and we are involved with two high profile and world scale hydrogen projects in the UK - HyNet and Acorn. Blue hydrogen will be critical in the transition to net zero and our opportunity is primarily through the licensing of our technology and the supply of engineering and process catalysts. The addressable market for blue hydrogen for Johnson Matthey could be worth GBP1.5 billion to GBP2 billion per annum in 2030.

The opportunity in green hydrogen (production of hydrogen from electrolysis of water using renewable energy) is founded on our proton exchange membrane technology (PEM), our core competency in fuel cells and our expertise in pgm catalysis and closed loop offerings. We are well positioned in this space and currently testing with leading electrolyser players. The addressable market for PEM technology for Johnson Matthey could be worth GBP2 billion to GBP4 billion per annum in 2030.

Both blue and green hydrogen production technologies will be critical in the transition to net zero. With our established hydrogen business, knowledge of the hydrogen market and our presence across different technologies we are strongly positioned to benefit from the substantial growth expected in this market.

Contact:

Tel: 020 7269 8235

(C) 2020 Electronic News Publishing, source ENP Newswire