Sinopec Capital and Johnson Matthey ink MoU for collaboration across H2 tech and decarbonization

Sinopec Capital and Johnson Matthey China have announced that they have signed a Memorandum of Understanding (MoU) signaling the start of active dialogues to explore joint possibilities across the green and blue hydrogen, fuel cells, decarbonization technologies, and circular economy business in China.

Mr. ZHOU Meiyun, Deputy Chairman and General Manager of Sinopec Capital, said: "Sinopec has made its long-term development strategic goal and is dedicated to becoming a No.1 hydrogen company in China and a leading clean energy company in the world. Sinopec is committed to developing and using various carbon reduction technologies including energy conservation and reduction, green energy replacement, and CCUS technologies, and makes full efforts to reach the carbon neutralization target before 2060. We wish to have deep collaboration with Johnson Matthey in carbon reduction and green energy fields to fully support achieving China's national strategic goal of 30/60 carbon peak/carbon neutralization."

Dr. Mark Su, Johnson Matthey's China President, said: "Johnson Matthey has a long heritage in China. We are China's leading auto catalyst producer, one of the largest platinum group metals refiners, a leading player across syngas and hydrogen fuel cells, and the first commercial-scale MEA producer in China. Some of the world's biggest companies already rely on our technologies, and we are very excited to explore how we can work with Sinopec to expand our businesses whilst creating and scaling the low carbon solutions that help China achieve carbon neutrality by 2060."