Johnson Matthey reorganises with greater hydrogen focus
Investment in AEM electrolyser manufacturer Enapter part of wider strategic reorientation of the business
Technology firm Johnson Matthey has reorganised its business following an in-depth review of its operations overseen by incoming CEO Liam Condon. The firm has simplified its operations, focusing on four key business areas: clean air, catalyst technologies, hydrogen technologies and precious group metal (PGM) services. A new efficiency programme aims to deliver £150mn/yr ($188mn) in cost savings by 2024-25, and a new leadership team has been brought in to oversee the changes that includes new business leads for each of the four divisions. “Our complex business structure and lack of commercial focus is getting in the way of our ability to create significant value. That is why we need to simpl
Also in this section
8 May 2024
Commission modelling of emission reduction pathway implies undershoot of current hydrogen production and imports targets, according to speakers at a recent Hydrogen Europe event
8 May 2024
Hydrogen cars may not have much credibility, but the same could have been said about EVs not too long ago
3 May 2024
Australia’s Fortescue and France’s EDF Renewables among the successful bidders as second-round auction draws green hydrogen projects worth about $11b
1 May 2024
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research