Johnson Matthey is purchasing US based Cormetech for 360 million dollars to strengthen its position in stationary emissions control. The move specifically targets growth in the US data center market, where carbon capture and emissions management are becoming critical for operational sustainability. This acquisition comes as the company streamlines its portfolio, including the sale of its Catalyst Technologies division to Honeywell and a reduction in green hydrogen capital spending. The strategy shifts focus toward cash generative businesses and targeted decarbonization technology.
