JOHNSON MATTHEY S/ADR - JMPLY STOCK NEWS

Johnson Matthey has launched HyCOgen^TM, a breakthrough technology that converts captured carbon dioxide and green hydrogen into sustainable aviation fuel (SAF). This innovative solution integrates with the FT CANS Fischer Tropsch technology, achieving over 95% CO₂ conversion into high-quality synthetic crude oil. The scalable nature of this technology allows for efficient SAF production to meet growing global demand, particularly as the aviation sector aims to reduce its 12% share of transport-related CO₂ emissions.

Johnson Matthey successfully contributed to the first commercial airline flight powered by 100% sustainable aviation fuel (SAF) on December 1, 2021. A United Airlines Boeing 737 Max 8 carried over 100 passengers from Chicago to Washington D.C. using 500 gallons of SAF in one engine, showcasing equivalent performance against conventional fuel. The BioForming^® technology developed in partnership with Virent plays a crucial role in sustainable fuel production, highlighting significant advancements towards decarbonization in aviation.

On July 28, 2021, Johnson Matthey announced the acquisition of assets and intellectual property from Oxis Energy, a lithium-sulfur battery developer that entered administration on May 19, 2021. This acquisition aims to enhance JM's Green Hydrogen business by enabling the production of tens of thousands of catalyst coated membrane parts annually, essential for electrolysers. The purchase also includes a significant IP portfolio in next-generation battery technologies, positioning JM to meet rising demand in the green hydrogen market and advance battery material innovations.

Johnson Matthey (JM), part of the GAIA consortium, achieved a significant milestone in fuel cell technology, increasing power density to 1.8 W/cm² @ 0.6V, a 20% improvement over current standards. This advancement supports JM's net zero goals and aims to reduce costs associated with fuel cell stacks, facilitating the commercialization of fuel cell vehicles. The project aligns with the EU's emissions reduction targets and the UK's transport decarbonization roadmap. JM’s Managing Director emphasized the role of fuel cells in achieving net zero transportation goals.

Nano One Materials Corp and Johnson Matthey have signed a Joint Development Agreement to co-develop next-generation battery materials. This collaboration focuses on Johnson Matthey's eLNO® family of nickel-rich advanced cathode materials, leveraging Nano One's patented One-Pot process for sustainable production. The agreement includes a comprehensive commercialization study for scaling up production. Both companies have conducted successful technical evaluations over the past year, marking a significant milestone in their partnership aimed at enhancing battery performance and reducing costs.

The latest report by Johnson Matthey indicates that palladium and rhodium will continue to face supply deficits in 2021 due to recovering global auto production and stricter emissions regulations. Platinum is expected to move into surplus despite a 27% increase in autocatalyst demand, as higher prices are limiting investment. South African supplies are set to rebound by nearly 40%. Palladium and rhodium prices have reached record highs above $3,000 and $30,000, respectively. Analysts suggest increasing demand for platinum in hydrogen applications, driven by global net-zero commitments.

Johnson Matthey (JM) has inaugurated its new Battery Technology Centre near Oxford, UK, enhancing its capabilities in developing advanced cathode materials like eLNO®. This facility aims to accelerate battery performance for electric vehicles while aligning with JM's commitment to decarbonization. JM pledges to make eLNO® production carbon neutral by 2035 and aims for net zero by 2040, targeting a 33% reduction in Scope 1 and 2 emissions and 20% in Scope 3 emissions by 2030. The initiative reflects JM's ambition to support the transition to electric vehicles and a greener future.