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JM (Problem statement, Background, Perspective, (new Chief Executive, Liam…

- - - - strategic partnership to supply Plug Power with the advanced materials necessary for its fuel cells and electrolysers from 2023.
      - The two companies also said that they would invest jointly in 5Gw of new manufacturing capacity in the US with production expected to start in 2025.
      - This partnership confirms JM's world class position in catalyst coated membranes, the key performance-defining components of electrolysers and fuel cells
      - UK manufacturer Johnson Matthey to axe 15% of senior management
        Job cuts planned to save costs in response to surging inflation and energy prices
    - - Abandon investment in batteries business. it reasoned that competition in the sector was growing at such a pace that it wouldn’t have made a decent return on the business.
      - agreed the sale of its Advanced Glass Technologies business for £178m in November and said the proceeds would be used to fund a £200m share buyback programme.
  - - - JM is a leader in the development and manufacture of catalyst solutions to control emissions of methane from a wide range of sources, such as ventilated air methane (VAM) and methane slip from lean burn natural gas engines.
      - Technology from Cambridge’s Johnson Matthey and global energy company bp has enabled Fulcrum’s Sierra BioFuels Plant in Reno, Nevada, to successfully produce synthetic crude oil for clean transportation fuels.
        
        Using JM and bp’s Fischer Tropsch (FT) CANS™ technology, the Sierra facility is the world’s first commercial-scale plant to use household rubbish as a feedstock which would otherwise be destined for landfill.
      - Equinor (OLSO: EQNR) has awarded a front-end engineering design (FEED) contract for its H2H Saltend project to Linde Engineering.
        
        The plant design will use Linde Engineering’s hydrogen and air separation technologies, which will be combined with UK-based Johnson Matthey’s LCH technology.
      - Major players in the cathode materials market are 3M, BASF SE, Johnson Matthey plc, Kureha Corporation, LG Chem Ltd., Mitsubishi Chemical Corporation, Mitsui Mining & Smelting Co.Ltd., NEI Corporation, POSCO, Showa Denko Materials Co.Ltd., Toda Kogyo Corp, Gravita India Limited, AME Energy Co.Ltd., Nano One Materials Corp., Ube Industries, Asahi Kasei Corporation, Kureha, Advanced Lithium Electrochemistry Co. Ltd., Nippon Chemical Industrial Co.Ltd., and Tanaka Chemical Corporation.
  - - - We'd say that Johnson Matthey's moderate net debt to EBITDA ratio ( being 1.7), indicates prudence when it comes to debt. And its strong interest cover of 10.5 times, makes us even more comfortable. It is just as well that Johnson Matthey's load is not too heavy, because its EBIT was down 30% over the last year.
    - - Shares of Johnson Matthey PLC (LON:JMAT - Get Rating) have earned a consensus rating of "Hold" from the six brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 2,180 ($26.56).
  - - - Our vision for a cleaner, healthier world drives our strategy and mirrors society’s need to create a more sustainable future. JM will catalyse the net zero transition by delivering sustainable solutions to our customers enabled by our world-class technology and market-leading positions.
- - - - Pretty much every time period has underperformed
  - - - Hydrogen
        
        Yes, hydrogen produced from natural gas makes little sense. But green hydrogen produced from solar will end up being critically important for long-duration storage, shipping and industrial applications.
        
        Link Title
        
        There are still some applications where hydrogen can be useful:-
        
        as a reducing agent in the making of pig iron or of steel
        
        for powering aircraft where the weight of batteries makes them less useful. Hydrogen is very light for the amount of energy it contains - it is more energy dense per unit mass than traditional aviation fuel, although also more bulky.
        
        possibly for powering ships
        
        possibly for powering trains
        
        possibly for powering heavy road trucks
        
        as a precursor to the manufacture of ammonia and ammonia-based fertilizers
        
        possibly as a means of long-term energy storage
      - Batteries