AFC Energy Launches Hymatec for Ammonia Cracking

2 min read | September 18, 2024 03:55 PM BST | By Team Kalkine Media

AFC Energy (LSE:AFC), a company specializing in hydrogen power generation technologies, unveiled its new subsidiary, Hyamtec, on Wednesday. This wholly-owned entity has been established to commercialize AFC Energy’s advanced distributed ammonia cracking technology.

The AIM-listed company aims to speed up the adoption of cost-effective and scalable hydrogen generation solutions through Hyamtec. This approach is intended to facilitate industrial decarbonization without necessitating extensive new infrastructure.

Ammonia crackers are crucial for converting ammonia into hydrogen-rich fuel gas, which can then be used across various industrial applications. AFC Energy has invested years into developing modular and compact ammonia crackers with the help of a specialized team of industry experts.

Hyamtec’s technology has shown versatility, integrating seamlessly with ammonia combustion engines and hydrogen purification systems for fuel cell applications. The subsidiary will focus on delivering affordable, on-demand hydrogen production for both industrial and mobile uses.

Hyamtec’s target markets include decarbonizing industrial heat generation, converting ammonia for large-capacity combustion engines in power generation, marine, and mining sectors, and producing modular, purified hydrogen for fuel cells and transportation.

By creating Hyamtec as a separate entity, AFC Energy aims to enhance the commercialization process and improve flexibility in securing financing for the subsidiary’s expansion. Dr. Mike Rendall, currently the chief technology officer of AFC Energy’s hydrogen processing division, will lead Hyamtec as managing director. With over 25 years of experience in hydrogen generation technologies, Dr. Rendall is expected to drive the subsidiary’s strategic goals.

Gary Bullard, CEO of AFC Energy, highlighted that the global shift towards net-zero emissions is creating a strong demand for innovative hydrogen solutions. He emphasized that ammonia cracking is becoming a vital technology for industries seeking to decarbonize. Bullard expressed enthusiasm about Hyamtec’s potential to offer scalable solutions that could significantly reduce hydrogen costs for industrial use without the need for extensive new infrastructure.

The establishment of Hyamtec is seen as a strategic move to capitalize on AFC Energy’s ammonia cracking technology, opening up new growth opportunities both domestically and internationally. Bullard invited strategic partners and supporters to join in accelerating the adoption of hydrogen technologies and advancing the next phase of industrial decarbonization.

As of 1445 BST, AFC Energy’s shares had decreased by 2.56%, trading at 12.25p.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next