- Date 26 Jul 2022
Johnson Matthey (JM), a leader in sustainable technologies, is collaborating with ClimeCo, a global climate solutions company, 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 £1-2 billion and Low Carbon Solutions is a key growth driver for JM.