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☆ Hydrogen Demand Is Set to Boom, but Growth Faces Big Hurdles
▼ + stars: | 2023-10-18 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

A new report from consulting firm McKinsey forecasts a fivefold rise in hydrogen demand to 600 million metric tons a year by 2050, if climate change is limited to 1.5 degree Celsius. Using green hydrogen as fuel for steelmaking can cut emissions by up to 95%, according to H2 Green Steel, a Swedish low-carbon steel startup. Higher interest rates have made securing funding for big infrastructure projects more expensive, with fewer willing to put up the cash, according to Franc. Last week, $7 billion of subsidies dedicated to hydrogen projects in the U.S. were announced by the Energy Department. Faster permitting times are needed to bring more hydrogen projects online, as well as the renewable energy to power their electrolyzers, industry experts say.

Persons: BRIDGET BENNETT, ”, Pierre, Etienne Franc, ” Franc, Jason Cheng, Regulators haven’t, Margery Ryan, Johnson, Todd Anderson, Bram Smeets, Ole Rolser, you’ve, Ryan, “, Yusuf Khan Organizations: REUTERS, McKinsey, Business, Green, ”, Platinum Investment, Energy Department, Regulators, The Wall, International Energy Agency, U.S, Dakotas Locations: Las, Swedish, Franc, U.S, Woodbine , Ga, Midwest, Texas, West, Gulf Coasts

SP Angel analyst John Meyer said that with global EV sales expected to reach around 15 million vehicles this year, sales of palladium, chiefly used to neutralise harmful car emissions, could be impaired by 1.5 million-2.25 million ounces. While there are still few battery-powered vehicles in the heavy-duty market, exhaust-free electric vehicles are eating into the palladium-focused light vehicle market, Johnson Matthey said. Palladium prices could fall to the $1,250 level, Edward Moya, senior market analyst at OANDA, said. "The reason why people are more pessimistic about palladium than platinum is due to adoption of EVs," he said. "There's a lack of interest in the palladium market.

Persons: John Meyer, Johnson, Wilma Swarts, PGMs, Johnson Matthey, Edward Moya, palladium's bearishness, Tai Wong, Bart Melek, Ashitha, Seher Dareen, Arundhati Sarkar, Brijesh Patel, Arpan Varghese, Jan Harvey Organizations: Palladium, SP, Metals, TD Securities, Thomson Locations: Ukraine, New York, China, Bengaluru

☆ Microsoft says new computing service for chemicals can slash R&D time
▼ + stars: | 2023-06-21 | by ( Stephen Nellis | ) www.reuters.com time to read: +1 min

June 21 - Microsoft Corp (MSFT.O) on Wednesday introduced a new computing service aimed at helping chemical companies speed up the research and development of new materials. Azure Quantum Elements, as the service is called, relies on computing power to help chemical companies simulate huge numbers of possible combinations of atoms. In a press release, Microsoft said that the system has helped some early customers speed up their development processes by as much as six months. Microsoft said that BASF (BASFn.DE), AkzoNobel (AKZO.AS), AspenTech, Johnson Matthey (JMAT.L), SCGC and 1910 Genetics have been testing the system. Microsoft said it was also publishing a scientific paper on the milestone but gave few other details ahead of its announcement.

Persons: Johnson Matthey, Satya Nadella, Stephen Nellis, Kim Coghill Organizations: Microsoft Corp, Microsoft, BASF, Thomson Locations: San Francisco

☆ UK's Johnson Matthey joins hands with Plug Power for hydrogen tech partnership
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: 1 min

Jan 30 (Reuters) - British chemicals firm Johnson Matthey (JMAT.L) said it had entered into a long-term supply and joint development agreement with Plug Power for hydrogen technology-related products. Johnson Matthey, which makes catalytic converters for vehicles and refines platinum group of metals (PGMs) used chiefly by automakers, said on Tuesday that the group would supply a substantial portion of U.S.-based Plug's demand for components of fuel cells and electrolysers. Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Commodity stocks support FTSE 100 ahead of PMI data
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies Energy, miners lead gainsJohnson Matthey down on lower profitsFTSE 100 up 0.4%, FTSE 250 off 0.3%Nov 23 (Reuters) - Commodity-linked stocks lifted the FTSE 100 on Wednesday, as investors awaited UK's business activity data and the U.S. Federal Reserve's meeting minutes that could offer clues on the pace of monetary policy tightening. The blue-chip FTSE 100 (.FTSE) rose 0.4%, touching a fresh two-month high. Energy stocks climbed (.FTNMX601010) 1.5% as crude oil prices inched higher on data showing a larger-than-expected U.S. crude drawdown. Asian and European markets were steady as investors looked to the release of the Fed's November meeting minutes amid hopes that the central bank will shift to smaller interest rate hikes. The domestically focused FTSE 250 midcaps (.FTMC) lost 0.3%, with Johnson Matthey (JMAT.L) shedding 7.2% after the chemicals maker reported a slightly lower half-yearly profit.

☆ Top Goldman Sachs strategist picks the global small-cap stocks he says look cheap
▼ + stars: | 2022-10-18 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Small-cap stocks are having a difficult time, even by this year's bear market standard. But Goldman Sachs ' Peter Oppenheimer believes the worst could be over for smaller companies, and names several stocks he likes within the space. "Small caps are down 34% year-to-date. Investors hoping for a respite in the fortunes of small caps could be in for a longer wait, however. Global stock picks While a turnaround in small caps may not be imminent, Oppenheimer believes the sector now looks "inexpensive."

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