Johnson Matthey and Sinopec agree on technology collaboration
UK company and investment arm of Chinese state oil group to explore cooperation on clean hydrogen and fuel cells
UK technology company Johnson Matthey and the investment arm of Chinese oil and petrochemicals group Sinopec have agreed to explore ways to collaborate on green and blue hydrogen, fuel cells and other decarbonisation technologies. The two companies have signed a memorandum of understanding and entered into talks over potential collaborations. “We wish to have a deep collaboration with Johnson Matthey in carbon reduction and green energy fields to fully support achieving China’s national strategic goal of 30/60 carbon peak/carbon neutralisation,” says Zhou Meiyun, deputy chairman and general manager of Sinopec investment arm Sinopec Capital, referring to China’s aim of peaking emissions by 20
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges