Johnson Matthey And Honeywell Partner To Advance Lower Carbon Hydrogen Solutions
Honeywell and Johnson Matthey, 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 at scale. Ready to be deployed today, this offering will provide project developers a new option for producing clean hydrogen. 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. Honeywell is committed to achieving carbon neutrality in its operations and facilities by 2035. This commitment builds on the company's track record of sharply reducing the greenhouse gas intensity of its operations and facilities as well as its decades-long history of innovation to help its customers meet their environmental and social goals. About 60% of Honeywell's new product introduction research and development investment is directed toward products that improve environmental and social outcomes for customers.