NORTH AMERICAN BUSINESS
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
NORTH AMERICAN BUSINESS
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
NORTH AMERICAN BUSINESS
No Result
View All Result
Home ALL Industrial

Johnson Matthey And Honeywell Partner To Advance Lower Carbon Hydrogen Solutions

by Ed Johnson
December 16, 2022
A A

LONDON and DES PLAINES — Honeywell and Johnson Matthey (JM), today announced they will work together to deploy low carbon1 hydrogen solutions. The companies will offer JM’s innovative LCH™ technology, coupled with Honeywell’s leading carbon capture technology to produce lower carbon intensity hydrogen (blue hydrogen) at scale. Ready to be deployed today, this offering will provide project developers a new option for producing clean hydrogen.

The demand for hydrogen solutions is on the rise with public policies and funding mechanisms being put in place to encourage investment. An example is the U.S. Inflation Reduction Act (IRA), which commits  billions in production tax incentives for clean hydrogen producers.

With the evolving legislative environment, an integrated solution was identified with low process carbon intensity as a key target. According to JM- Honeywell UOP calculations, the result is a solution which will enable direct process emissions to be less than 0.1 kgCO2/kgH2 by capturing carbon rates above 99%2. This provides eligibility for production tax credits within the IRA, meaning projects can access the support they need to be deployed rapidly.

This relationship also builds on the collaboration recently announced at the European Refining Technology Conference in Berlin, where JM is integrating differentiated Honeywell UOP technologies into its CLEANPACE™ offering for decarbonising existing synthesis (syngas) gas plants. Honeywell’s advanced solvent carbon dioxide (CO2) capture and hydrogen solutions allow for CO2 to be captured, transported, and stored at a lower cost through greater efficiency, while allowing for smaller equipment and lower capital operational expenses needed to run the plant compared to existing technologies3.

Alberto Giovanzana, Chief Commerical Officer of Catalyst Technologies at Johnson Matthey said: “By joining complementary technology elements, we will provide customers with a cost-effective approach that will enable meaningful reductions in emissions compared to conventional technology. As we mentioned in our Strategy Review earlier in the year, Catalyst Technologies aim to expand our offering through new strategic partnerships, integrating them with adjacent technologies. This is an exciting first step and we look forward to working with Honeywell on expanding our offering to include other sustainable technologies in the fuel and chemical spaces.”

“Industries need to quicken their pace to reduce their emissions in order to meet their carbon reduction targets,” said Barry Glickman, vice president and general manager, Honeywell Sustainable Technology Solutions. “This is accelerating the demand for clean hydrogen, which is expected to grow up to sevenfold by 2050. Collaborations like the one between Honeywell and Johnson Matthey across the clean hydrogen value chain are essential to accelerating the energy transition and helping to meet global emissions goals.”

Today, 15 million tons per year of CO2 is being captured and used in storage/utilization applications through Honeywell’s CO2 solutions process expertise. Honeywell currently has the capacity to capture 40 million tons per year through its installed projects worldwide4.

Tags: < ESG | Sustainability
ShareTweetShareSend

Related Industries

Industrial

Emerson Announces Premium, All-Cash Proposal to Acquire National Instruments for $53 Per Share

January 18, 2023
Industrial

Quadric and ams OSRAM collaborate to bring intelligent image sensors demonstration to CES

January 6, 2023
Industrial

Otis Florence Factory Receives Zero Waste to Landfill Certification

December 22, 2022
Industrial

Panasonic Energy Selects SSOE Group for Engineering and Architectural Design of $4 Billion Electric Vehicle Battery Plant in Kansas

December 22, 2022
Industrial

GE Vernova selects Cambridge, MA as its global headquarters

December 16, 2022
Industrial

Honeywell Announces Court Approval Of NARCO Trust Buyout And Planned Acquisition Of HarbisonWalker By Platinum Equity

December 15, 2022

Pfizer Expands ‘An Accord for a Healthier World’ Product Offering to Include Full Portfolio for Greater Benefit to 1.2 Billion People in 45 Lower-Income Countries

January 18, 2023

...

IHG Hotels & Resorts’ voco hotels Enters 2023 with Strong Growth Momentum

January 19, 2023

...

Quadric and ams OSRAM collaborate to bring intelligent image sensors demonstration to CES

January 6, 2023

...

Medtronic recommends rejection of below-market mini-tender offer by TRC Capital Investment Corporation

January 26, 2023

...

Bristol Myers Squibb Completes Sale of Manufacturing Facility in Syracuse, New York

January 4, 2023

...

Microsoft and Viasat announce new partnership to deliver internet access to underserved communities globally

January 15, 2023

...

Thermo Fisher Scientific Completes Acquisition of The Binding Site Group

January 4, 2023

...

The Ritz-Carlton Leadership Center Appoints Amanda Joiner as New Global Vice President

January 11, 2023

...

Hilton Unveils New Brand, Spark by Hilton, a Value‑Driven Offering That Proudly Delivers Reliable Essentials and Friendly Service

January 12, 2023

...

NORTH AMERICAN BUSINESS (www.na-biz.com) is a leading source of business and corporate news, information, industry trends, market updates and insights across a broad spectrum of industries in North America and worldwide.

INDUSTRIES

  • Aero
  • Agriculture
  • ALL
  • Automotive
  • Business Service
  • Chemical
  • Construction
  • Construction Materials
  • Consumer
  • Education
  • Energy
  • Entertainment
  • Environmental
  • F&B
  • Financial
  • Healthcare
  • Hospitality
  • Industrial
  • IT
  • IT Hardware
  • Logistic
  • Metal & Mining
  • Packaging & Paper
  • Rail
  • Real Estate
  • Telecom

CONTACT US

EDITORIAL:     editor#na-biz.com

PARTNERSHIP:     biz#na-biz.com

HUMAN RESOURCE:     hr#na-biz.com

* (replace # with @)

  • Official Site

Copyright © NA-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © NA-BIZ.COM All rights reserved.