Johnson Matthey (JM) has signed an investment agreement with the Jiading District in Shanghai to accelerate the hydrogen economy in China.
Under the agreement, the companies agreed to build a catalyst coated membrane (CCM) production facility which will provide CCM production capability for multiple proton exchange membrane (PEM) fuel cell applications and PEM electrolysers.
The facility is expected to have an initial capacity of up to 5GW located in a designated hydrogen industrial zone, set to be operational in 2025 with potential to scale up further. The investment is part of JM’s £1.1bn ($1.4bn) global stated capital expenditure for the three years to 2024-2025 and will include government support and incentives.
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