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Related Articles
South Africa’s green hydrogen plans edge forward
Funding deals for two major projects lift the mood in a sector hampered by local bureaucratic delays and bearish global sentiment
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Johnson Matthey CEO Liam Condon
UK Developers
Stuart Penson
23 May 2024
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Johnson Matthey reins in hydrogen tech investment as demand cools

Slowdown evident across entire green hydrogen value chain but sector still seen as long-term growth engine, UK-based technology company says

Johnson Matthey has significantly scaled back investment in its green hydrogen technology  business in response to a “palpable” slowdown across the entire value chain. The UK-based firm’s hydrogen technology unit is expected to account for 10% of total group capital expenditure over the three-year period to 2026–27, down from previous guidance of 30%, the company said in its 2023–24 full-year earnings report. That implies investment of up to £90m ($144.5m) in the hydrogen technology business over that period. Sales in the hydrogen technology business rose 31% to £71m but growth slowed in the second half of the year as the market began to soften and customers reduced inventory levels. The bus

Also in this section
South Africa’s green hydrogen plans edge forward
23 June 2025
Funding deals for two major projects lift the mood in a sector hampered by local bureaucratic delays and bearish global sentiment
Oman sees green opportunities amid global trade war
18 June 2025
The country’s green hydrogen sector can gain traction even as the global trade war rages and other headwinds hamper the sector, Mohsen al-Hadhrami, undersecretary of energy and minerals, tells Hydrogen Economist
Letter on hydrogen: Cracking the ammonia code
18 June 2025
UK risks losing out on in race to secure hydrogen imports as its refusal to back ammonia cracking sinks $2.7b Immingham project
Europe should partner with China in clean hydrogen race
11 June 2025
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations

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