LONDON, July 12,
2023 /PRNewswire/ -- Johnson Matthey (JM),
a global leader in sustainable technologies, has today signed an
investment agreement with the Jiading District in Shanghai to help accelerate the hydrogen
economy in China.
At a signing ceremony in Sonning, UK today, JM and the Shanghai
Jiading District announced plans to build a new catalyst coated
membrane (CCM) production facility, providing CCM production
capability for multiple proton exchange membrane (PEM) fuel cell
applications and PEM electrolysers.
The facility which will have an initial capacity of up to 5GW,
will occupy 22,000m2 in
the Jiading district of Shanghai,
in a designated Hydrogen industrial zone and is due to be
operational in 2025. It will have potential to expand further in
line with customer demand.
The investment, which is backed by customer demand, is part of
JM's £1.1 billion global stated capital expenditure for the three
years to 2024/25 and will include government support and
incentives.
Dr Mark Su, President of
Greater China at Johnson Matthey,
said: "This is a landmark investment for our business as we build
our footprint in the US, Europe
and now China, cementing our
presence in all three major hydrogen markets. We are excited to
expand our businesses whilst creating and scaling the low carbon
solutions that will help China
achieve carbon neutrality by 2060."
The new production facility will enable Johnson Matthey to
supply existing Chinese and international customers with locally
produced CCMs, and in addition there is a strong pipeline of
further customer interest across both fuel cell and renewable
(green) hydrogen technologies.
Ms. Gao Xiang, Mayor of Jiading District, said: "Jiading
District is a famous international automobile city and one of the
earliest areas in China to develop
a hydrogen industry. With the help of companies like Johnson
Matthey, we are able to actively build a hydrogen technologies
innovation hub and a national fuel cell vehicle demonstration city.
This investment agreement plays to both parties' strengths and is a
win-win cooperation."
CCMs are key performance defining components in fuel cell
electric vehicles (FCEV). China
has said it aims to have 1 million hydrogen-powered vehicles on its
road by 2030.
Johnson Matthey has a long heritage in China with six state-of-the art manufacturing
facilities. JM is one of China's leading auto catalyst producers and
platinum group metals traders and refiners, and a leading player
across syngas and hydrogen fuel cells. JM was the first commercial
scale membrane electrode assembly (MEA) producer in
China, producing the MEAs for
hydrogen fuel cell shuttle buses showcased in the Beijing Winter
Olympics 2022.
Johnson Matthey is a global leader in sustainable technologies,
catalysing the net zero transition. With over 200 years of
sustained commitment to innovation and technological breakthroughs,
we improve the performance, function and safety of our customers'
products. Our science has a global impact in areas such as low
emission transport, energy, chemical processing and making the most
efficient use of the planet's natural resources. Today, about
13,000 Johnson Matthey professionals collaborate with our network
of customers and partners to make a real difference to the world
around us. For more information visit www.matthey.com
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SOURCE Johnson Matthey