On July 12, Johnson Matthey signed an investment agreement with the People's Government of Jiading District, Shanghai, to help accelerate the development of China's hydrogen economy. The first phase of the
plant will have a capacity of 5G W , covering an area of 22000 square meters , located in a designated hydrogen energy industrial park in Jiading District, Shanghai, and is expected to be put into operation in 2025. In the future, the plant will be able to further expand its production capacity according to customer demand.
The investment is driven by customer demand and is part of the £ 1.1 billion capital expenditure Johnson Matthey has proposed to expand its global business, including hydrogen. The project will create a number of local employment opportunities, attract global talent to gather in Jiading, and help the localization of the hydrogen industry. Therefore, the investment project is also strongly supported by the local government. "This is a landmark investment," said Dr Kevin Su, President, Greater China,
Johnson Matthey. Through this project, our company will expand the footprint of our business in the Americas and Europe to China, and complete the layout of the three main markets of the hydrogen energy industry. With the acceleration of China's carbon neutrality process, we are proud to further develop our business in China, help the Chinese market build the ability of low-carbon transformation, and hope to help China accelerate the historical ambition of 2060 carbon neutrality. "
Jiading District Governor Gao Xiang said:" Jiading District is a famous international automobile city and one of the earliest regions in China to develop hydrogen energy industry. At present, it is actively building the core technology innovation practice area of hydrogen energy industry and the national fuel cell vehicle demonstration city. This cooperation between Jiading District and Johnson Matthey, the two sides have joined forces. It can better play their respective advantages and promote win-win cooperation between the two sides. "
CCM is the defining component of the critical performance of the fuel cell electric vehicle (FCEV).". The Chinese market expects the number of hydrogen fuel cell vehicles to reach one million by 2030. This investment agreement is an important step to support this ambitious goal and a decisive measure to help China move towards net zero emissions.
Johnson Matthey has been in China for a long time, with six top manufacturing facilities, is one of the leading automotive catalyst producers in China, one of the largest platinum group metal traders and refiners, and a leader in syngas and hydrogen fuel cells. Johnson Matthey is the first commercial-scale membrane electrode assembly (MEA) manufacturer in China, and has produced MEA for the hydrogen fuel cell shuttle bus demonstrated by the Beijing Olympic Winter Games in 2022.
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