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Honeywell agrees to buy Johnson Matthey’s catalysts business for $2.4bn | Gas Acquisition News

© JHVEPhoto / Shutterstock.com © JHVEPhoto / Shutterstock.com US industrial tech firm Honeywell has agreed to acquire UK chemicals-and-tech business Johnson Matthey’s Catalyst Technologies business for £1.8bn ($2.4bn). The deal will expand its proposition in hydrogen, ammonia, and sustainable aviation fuel (SAF). The acquisition is a fit with Honeywell’s UOP unit, which will strengthen its position in lower-emission fuels once the deal completes. For the first time, the company will be able to offer solutions to produce sustainable methanol, SAF, blue hydrogen, and blue ammonia. Vimal Kapur, Chairman and CEO of Honeywell, said buying these catalyst technologies broadens Honeywell’s role as a technology provider of energy needed to drive growth into the future. “As demand for diversified sources of energy continues accelerating, it will better enable Honeywell to offer the innovation our customers need,” he… Read More »Honeywell agrees to buy Johnson Matthey’s catalysts business for $2.4bn | Gas Acquisition News

Why total cost of ownership could be the new benchmark in green hydrogen | Hydrogen

The hydrogen industry must face a “sobering” market reality and move beyond the early hype if it is to deliver on its promise of decarbonising hard-to-abate sectors. That was the message from a recent H2 View webinar featuring engineering firm ABB and Ontario-based technology company Hydrogen Optimized, who said long-term cost efficiency and system reliability, not just upfront capital expenditure, will determine project viability going forward. While green hydrogen has seen strong momentum in recent years, recent headwinds driven by rising costs and an increased focus on blue hydrogen have slowed progress. “The market situation is not an easy one,” said Denis Krude, President and CEO of Hydrogen Optimized. “I would call it rather a sobering [sic] in the market.” He cited inflation, shifting political priorities, and lagging investments in distribution and offtake as key… Read More »Why total cost of ownership could be the new benchmark in green hydrogen | Hydrogen

Ammonia-cracking catalyst holds potential for cheaper hydrogen supply | Ammonia

A new catalyst developed in South Korea could make it easier and more affordable to extract hydrogen from ammonia, which is a process that is becoming increasingly important for long-distance hydrogen transport.  The advance could support the development of global hydrogen supply chains by improving how efficiently ammonia can be converted back into hydrogen at its destination. Researchers at the Korea Research Institute of Chemical Technology (KRICT) have created a cobalt-iron catalyst enhanced with cerium oxide, which achieved an ammonia conversion rate of 82% at 450°C in laboratory testing. This means that most of the ammonia fed into the system was successfully broken down into usable hydrogen and nitrogen. Ammonia works well as a hydrogen carrier thanks to its high energy density and established global transport infrastructure. Cracking it back into hydrogen at the point… Read More »Ammonia-cracking catalyst holds potential for cheaper hydrogen supply | Ammonia

US bill to drop 45V hydrogen tax credit passes lower house in narrow vote | 45v clean hydrogen production tax credit

The US House of Representatives has passed the President Trump-backed tax and spending bill that plans to terminate the 45V clean hydrogen production tax credit. Trump’s “One Big, Beautiful Bill” passed with a vote of 215–214 on party lines and will now head to the US Senate for further debates. Centred on tax and spending cuts, the bill includes a motion to end the Section 45V hydrogen production tax credit from the Biden-era Inflation Reduction Act, which had been credited with catalysing the US hydrogen sector. Under the bill, hydrogen projects that enter construction after 31 December 2025 will not be able to claim 45V, effectively gutting its long-term, widespread value. Today projects are eligible to access up to $3/kg of hydrogen produced until 2033. Many hydrogen industry proponents had hoped that Republicans representing districts… Read More »US bill to drop 45V hydrogen tax credit passes lower house in narrow vote | 45v clean hydrogen production tax credit

Spanish e-methanol project taps biogenic CO2 and green hydrogen | Methanol & e-fuels

Three European energy companies are planning to develop an e-methanol plant in Spain that will capture around 380,000 tonnes of biogenic carbon dioxide, which will be used to produce 200,000 tonnes of synthetic methanol each year. Spanish renewable energy firm Magnon will oversee the carbon capture portion of the project, while partners Power2X and ErasmoPower2X will handle the hydrogen supply. Part of this will see ErasmoPower2X supplying green hydrogen from its facilities in nearby Saceruela. The project will be located at Magnon’s industrial complex in Puertollano, Ciudad Real, where the carbon capture technology will be fitted into its existing biomass plant. As a fossil-free feedstock, e-methanol could help to decarbonise hard-to-electrify sectors in Spain – a country which is targeting a fully renewable energy system by 2050. “This initiative … will decarbonise various Spanish industries… Read More »Spanish e-methanol project taps biogenic CO2 and green hydrogen | Methanol & e-fuels

Europe makes €1bn commitment to green hydrogen

The European Commission has selected 15 green hydrogen projects for nearly €1bn public funding following the second European Hydrogen Bank auction. Eight of the projects are in Spain, three in Norway, and two in Germany, with one apiece in Finland and the Netherlands. The projects – funded by the Innovation Fund, sourced from the EU Emissions Trading System (ETS) – are expected to produce nearly 2.2 million tonnes of renewable hydrogen over 10 years. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld Source link

Kingspan signs green steel deal to cut emissions impact | Hydrogen

Ireland-based building materials firm Kingspan has signed a supply agreement with Hydnum Steel for green steel as part of its push to lower emissions across its operations and products. The deal, set out in a memorandum of understanding, will see the company source low-emission steel from Hydnum’s forthcoming plant in Puertollano, Spain. The facility will use renewable energy and green hydrogen instead of coal in a bid to cut carbon from the steelmaking process. The partnership forms part of Kingspan’s sustainability push, which aims to reduce Scope 3 emissions by securing lower-carbon raw materials. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld Source link

Podcast | What the 45V repeal means for hydrogen and clean energy | Podcast

In this episode of The 1895 Podcast we are joined by Mona Dajani, Partner and Global Co-Chair of Energy Infrastructure & Hydrogen, and Co-Chair of the Energy Sector at Baker Botts, to discuss the future of the Section 45V tax credit and it’s possible repeal. We discuss the implications of legislative changes for hydrogen projects in the US, the shift this could create from green to blue hydrogen, the global investment landscape, and the ongoing uncertainty surrounding hydrogen policy. The conversation also touches on the perception of the US hydrogen market around the world, and the future of the hydrogen sector – both in the case of passage or failure. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld Source link

Korea pilot project will turn steel emissions into syngas | Syngas Plant

South Korean steel manufacturer Posco Holdings and chemical company LG Chem are to pilot carbon capture and utilisation technology that converts CO2 from steelmaking into synthetic gas for reuse in industrial processes. The demonstration project, part of South Korea’s national CCU Mega Project, will see CO2 captured at Posco’s Pohang steelworks and processed using LG Chem’s dry methane reforming technology. Dry methane reforming combines CO2 and methane to produce synthetic gas, or syngas – a mixture of carbon monoxide and hydrogen – which can be used as a reducing agent in steel production or as a feedstock in chemical manufacturing, including plastics and fuels. Methane is likely to be supplied from natural gas or other industrial sources. The pilot will begin with a design phase in 2026, followed by construction in 2028 and demonstration operations… Read More »Korea pilot project will turn steel emissions into syngas | Syngas Plant

Nippon Sanso sees core income rise despite US hydrogen write-down | Financial Reports

Global industrial gases major Nippon Sanso Holdings (NSHD) grew consolidated revenue by 4.2% year-on-year to $8.86bn in its fiscal year 2025, with pricing and efficiency gains offsetting flat volumes. Results were partly weighed down by a one-off $173m impairment tied to a cancelled US hydrogen project. Core operating income rose 13.9% to $1.28bn, helped by cost control measures across the group’s global industrial gas business. But reported operating income fell 3.6% to $1.12bn due to an impairment linked to its cancelled US hydrogen production project. Net income dropped 6.7% to $668m. Shipment volumes of core air gases (oxygen, nitrogen and argon) held steady year-on-year, though total group volumes declined slightly. Performance varied across regions. Japan saw weaker demand for electronic materials and gases but was buoyed by strong equipment sales. In the US, modest volume… Read More »Nippon Sanso sees core income rise despite US hydrogen write-down | Financial Reports