Johannesburg - Anglo American Platinum (Amplats) had invested in a small-scale gas-to-liquids technology company, which produces hydrogen as a by-product, it said yesterday.
The investment into Greyrock Energy is part of a strategy aimed at driving demand for platinum group metals (PGM) directly and indirectly through enabling the adoption of fuel cell electric vehicles, which require platinum-based catalysts.
This investment forms part of Amplats’ PGM investment programme, which provides growth capital to companies that can demonstrate the commercial viability of products or technologies that use or enable the use of the company’s metals.
Greyrock’s direct fuel production process converts flare gas, natural gas or natural gas liquids into pump-ready transportation fuels and environmentally beneficial blend stocks.
Andrew Hinkly, Amplats' executive head of marketing, said: “We support the commercialisation of new applications that use our metals, particularly those that are synergistic with our business and existing portfolio companies.”
BUSINESS REPORT