IN BRIEF: Johnson Matthey and Hystar partner in green hydrogen ramp-up

Johnson Matthey PLC - London-based speciality chemicals and sustainable technology - Signs three-year strategic supply agreement with Norway-based Hystar AS in renewable hydrogen production. Will supply membrane electrode assemblies to Hystar's proton exchange membrane electrolysers to be used in the HyPilot project in Norway. As part of the project, Hystar will deliver a complete, autonomous, containerized PEM electrolyser with a hydrogen production capacity of up to 745 kilograms per day. This is an extension of a collaboration between the two companies which began in 2021, focused on electrolyser stack development.

Johnson Matthey Chief Executive Officer Mark Wilson says: "This strategic agreement with Hystar is an important endorsement of Johnson Matthey's electrolyser technology, manufacturing capability, supply chain access and our circularity offering. Partnerships such as this that bring together complementary capabilities and strengths of different organisations are essential to the development of the hydrogen economy."

Current stock price: 1,896.50, up 0.4%

12-month change: down 18%

By Sabrina Penty; Alliance News reporter

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