Johnson Matthey PLC - London-based specialty chemicals - Invests EUR20 million to take 4.3% stake in Enapter AG, as part of a collaboration on Enapter's technology that produces green hydrogen. Enapter is a German and Italian firm whose anion exchange membrane electrolyser extracts hydrogen from water to be used in power generation. The partnership aims to accelerate the scale-up of the mass production of the AEM electrolysers. Enapter is currently building a facility in Saerbeck, Germany to add to its production plant in Pisa, Italy. Johnson Matthey will supply specialised catalysts.
"Our ambition is to become the global leader in green hydrogen technologies and to diversify our technology base in this booming market, both in the electrolyser and fuel cell markets," says Johnson Matthey Chief Executive Officer Liam Condon.
Johnson Matthey is indicated to return to the FTSE 100 index in the next quarterly review next month, FTSE Russell had announced on Tuesday.
Current stock price: 2,359.00 pence, up 2.5% on Wednesday in London
12-month change: down 26%
By Tom Waite; thomaslwaite@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Johnson Matthey (JMAT)