Facing slower-than-expected progress in the hydrogen value chain, Johnson Matthey (JM) has revealed plans to cut back on its hydrogen technologies investment.
The British multinational has held a significant role in the hydrogen industry; providing catalysts used in hydrogen production, storage and fuel cells. It is involved in some of the world’s biggest low-carbon hydrogen projects.
In the firm’s preliminary 2023/24 results, an update by CEO, Liam Condon, said while JM is “well positioned” to benefit from an expected high growth hydrogen market, “the development of the hydrogen value chain has slowed as the industry navigated the challenges around scale up.”
... to continue reading you must be subscribed
