Johnson Matthey (JM) is collaborating with ClimeCo, a global climate solutions company, to accelerate the deployment of enhanced carbon capture solutions for industry. Under an MoU, the two companies will help synthesis gas (syngas) producers, initially in H₂ and methanol, to build the business case for reducing CO₂ emissions from existing processes by up to 95%.

Combining JM’s unique skills in technology development and deployment with ClimeCo’s expertise in ESG strategy and regulatory analysis will enable syngas producers to make immediate progress on complex carbon issues by supporting project economics development, de-risking the business case for decarbonization projects, and providing a mechanism to create validated CO₂ emissions reductions and creating compliance credits in many government-backed carbon markets. Together, they will empower customers to make informed decisions on allocating capital for the deployment of JM’s CLEANPACE solutions, accelerate emissions reductions, and future-proof their plants against the rising costs of carbon.

Syngas producers are responsible for approximately 70% of CO₂ emissions in the chemicals sector. The opportunity for JM’s Low Carbon Solutions to deploy existing technology to over 150 grey H₂ plants in Europe and North America alone, could reduce CO₂ emissions by over 100 MMtpy by 2030. This is equivalent to the annual greenhouse gas emissions from approximately 40-MM cars. This is an addressable market of £1-2 B and Low Carbon Solutions is a key growth driver for JM.

“Companies around the world are under pressure to reduce carbon emissions and meet net zero targets,” said Jane Toogood, Catalyst Technologies Chief Executive at JM. “Creating strategic partnerships allows us to offer our customers rounded and complete solutions. By working together with ClimeCo, we will enable industries such as chemicals and refining, who rely on syngas, to quickly understand the regulatory frameworks, accelerate capital decisions for decarbonization programs and easily deploy proven technology solutions that can have an impact today, to create a cleaner world.”

“In order to decarbonize, industry is faced with a complex set of regulatory and financial hurdles,” said Bill Flederbach, ClimeCo’s CEO and President. “This alliance, leveraging ClimeCo’s expertise in regulatory analysis along with advocacy and leadership in environmental credit creation and transactions, supports stakeholders across hard to abate industrial sectors by identifying technically and economically viable decarbonization pathways, helping them go beyond conceptual studies to deploy technology solutions that make a difference today.”