Johnson Matthey and Sibanye-Stillwater on Friday (19th March) agreed a strategic partnership in which the two companies will focus on developing a number of opportunities to drive technological innovation, including hydrogen, and ensure more sustainable supply chains for customers.
The agreement will see the firms collaborate on the sourcing and application of platinum group metals (pgms) and metals used in battery technology to enable the development and commercialisation of low carbon technologies, with a focus on circularity and sustainability.
Pgms, due to their unique properties, play a vital role in low carbon technologies enabling the path for various nations and companies to hit net zero targets around the globe.
For instance, pgms are at the heart of electrolyser technologies for producing green hydrogen and are also a crucial component for fuel cells, facilitating the conversion of hydrogen into electrical energy with no harmful emissions.
Johnson Matthey is a global leader in sustainable technologies including clean hydrogen production and fuel cell products.
Robert MacLeod, Chief Executive of Johnson Matthey, said, “We are excited to bring together our complementary expertise to help secure a more sustainable future for tomorrow’s industry.”
Through the agreement, the companies will combine their extensive expertise in metals recycling to improve current technologies, particularly for “difficult to recover” materials.
CEO of Sibanye-Stillwater, a leading global pgm producer, Neal Froneman commented, “We are delighted to enter into this world-class partnership which further advances our commitment to creating a greener future, by developing technologies for a better tomorrow, utilising the metals we produce.”
Additionally, the strategic partnership will build on the existing relationship between the two companies, which has ensured security of supply of crucial pgms into many industries.
Johnson Matthey and Sibanye-Stillwater have also extended their current pgm supply and refining agreements to ensure long term sustainable supply for Johnson Matthey’s products and customers.