AFC Energy launches Hyamtec Limited ("Hyamtec") to unlock the global hydrogen value chain [Yahoo! Finance]
FTI Consulting, Inc. (FCN)
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Source: Yahoo! Finance
DUNSFORD, England, September 18, 2024 BUSINESS WIRE )--Hyamtec, the UK's newest hydrogen company, has been launched by AFC Energy plc to deliver next generation modular ammonia cracking technology. Hyamtec can make on-site, on-demand hydrogen at just 10% of the cost of truck delivered hydrogen and will prioritise natural gas displacement in the hard to abate heavy industrial sectors which account for 50% of global carbon emissions. Hyamtec will target areas which represent a £40 billion market in the UK alone: Hydrogen rich combustible fuel gas for the decarbonisation of industrial heat generation; Ammonia conversion of large combustion engines for power generation, marine and mining; and Modular purified hydrogen production for fuel cells and transportation. Hydrogen is the solution for decarbonisation of heavy industry and green hydrogen plants will dominate new capacity and by 2030, up to 20% of hydrogen produced globally will be green. This production will be located
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