Johnson Matthey hails UK government’s CCUS funding as a 'statement of intent'

Johnson Matthey’s Low-Carbon Hydrogen Technology is a cornerstone of both clusters. It converts natural gas into hydrogen while capturing the resulting carbon dioxide for safe storage, supporting the UK’s efforts to lead the global hydrogen economy.

Maurits van Tol, Chief Executive of Johnson Matthey Catalyst Technologies, emphasised the significance of hydrogen in the energy transition, stating: "Hydrogen will be pivotal in making the energy transition a reality and reaching net zero. This is a real statement of intent and is a huge opportunity for the UK to cut emissions, create quality jobs, and become a global exporter of leading technologies."

He further acknowledged the government’s funding commitment as a strong signal to investors, adding: "Decarbonising heavy industry has to be the starting point on this journey. The UK government’s funding commitments to these clusters sends a strong signal to investors that they are serious about making the UK a clean energy superpower."

Van Tol also stressed the importance of continuing to develop both blue and green hydrogen technologies, noting that while electrolytic green hydrogen has a nascent supply chain, blue hydrogen is already progressing rapidly.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/04102024/johnson-matthey-hails-uk-governments-ccus-funding-as-a-statement-of-intent/