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    JMAT   GB00BZ4BQC70

JOHNSON MATTHEY PLC

(JMAT)
  Report
Delayed London Stock Exchange  -  11:35 2022-09-30 am EDT
1832.50 GBX   +0.60%
09/27Sterling's fall and recession fears sent Wall Street in bear territory
MS
09/27Analyst recommendations: Accenture, Adobe, Fedex, Snap, United Airlines...
MS
08/22Johnson Matthey improves score with sustainability index FTSE4Good
AQ
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Johnson Matthey and ClimeCo Collaborate to Accelerate the Deployment of Low Carbon Solutions

07/25/2022 | 07:00am EDT

Johnson Matthey (JM) is collaborating with ClimeCo to accelerate the deployment of enhanced carbon capture solutions for industry. Under an MoU, the two companies will help synthesis gas (syngas) producers, initially in hydrogen and methanol, to build the business case for reducing CO2 emissions from existing processes by up to 95%. Combining JM's unique skills in technology development and deployment with ClimeCo's expertise in ESG strategy and regulatory analysis will enable syngas producers to make immediate progress on complex carbon issues by supporting project economics development, de-risking the business case for decarbonisation projects, and providing a mechanism to create validated CO2 emissions reductions and creating compliance credits in many government-backed carbon markets.

Together, they will empower customers to make informed decisions on allocating capital for the deployment of JM's CLEANPACE™ solutions, accelerate emissions reductions, and future-proof their plants against the rising costs of carbon. Syngas producers are responsible for approximately 70% of CO2 emissions in the chemicals sector. The opportunity for JM's Low Carbon Solutions to deploy existing technology to over 150 grey hydrogen plants in Europe and North America alone, could reduce CO2 emissions by over 100 million tons per year by 2030.

This is equivalent to the annual greenhouse gas emissions from approximately 40 million cars. This is an addressable market of £1 billion -£2 billion and Low Carbon Solutions is a key growth driver for JM.


© S&P Capital IQ 2022
All news about JOHNSON MATTHEY PLC
09/27Sterling's fall and recession fears sent Wall Street in bear territory
MS
09/27Analyst recommendations: Accenture, Adobe, Fedex, Snap, United A..
MS
08/22Johnson Matthey improves score with sustainability index FTSE4Good
AQ
08/04Sinopec Capital and Johnson Matthey explore strategic collaboration across decarbonisat..
AQ
08/03Johnson Matthey, Sinopec To Explore Decarbonization, Hydrogen Opportunities In China
MT
08/03UK's Johnson Matthey, Sinopec unit explore decarbonisation options in China
RE
08/01Johnson Matthey : Download
PU
07/28Johnson Matthey launches UK-China low carbon research consortium accelerating a green f..
AQ
07/25Johnson Matthey and ClimeCo Collaborate to Accelerate the Deployment of Low Carbon Solu..
CI
07/21Johnson Matthey plc Approves a Final Dividend
CI
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Analyst Recommendations on JOHNSON MATTHEY PLC
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Financials
Sales 2023 3 859 M 4 300 M 4 300 M
Net income 2023 337 M 376 M 376 M
Net Debt 2023 835 M 931 M 931 M
P/E ratio 2023 10,1x
Yield 2023 4,25%
Capitalization 3 348 M 3 731 M 3 731 M
EV / Sales 2023 1,08x
EV / Sales 2024 1,05x
Nbr of Employees 13 340
Free-Float 93,5%
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 1 832,50 GBX
Average target price 2 275,67 GBX
Spread / Average Target 24,2%
EPS Revisions
Managers and Directors
Liam Condon Chief Executive Officer & Director
Stephen Oxley Chief Financial Officer & Executive Director
Patrick Webster Thomas Chairman-Supervisory Board
Paul Jonathan Coby Chief Information Officer
Maurits van Tol Chief Technology Officer
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