Anglo American Platinum invests in Greyrock Energy
Anglo American Platinum Ltd. (AAP) has invested in Greyrock Energy, Inc. (Greyrock), a provider of small scale gas-to-liquids technology. Greyrock's systems, use proprietary catalysts to convert methane rich feedstocks into premium transportation fuels, while also generating significant potential environmental benefits. Greyrock's catalysts incorporate metals produced by AAP.
The Greyrock process, which produces hydrogen as a by-product, will provide an alternative source for hydrogen and support lowering the costs associated with hydrogen delivery for use in fuel cell electric vehicles (FCEVs). By accelerating the commercialization of Greyrock's technology, the investment is aimed at driving demand for PGMs both directly and indirectly through enabling the adoption of FCEVs, which require platinum based catalysts.
Greyrock's Direct Fuels Production and Flare-to-Fuels product lines convert flare gas, natural gas, natural gas liquids, bio-gas, or other similar feedstocks that would otherwise be wasted into clean liquid transportation fuels, with hydrogen produced as a by-product during the process.
This investment forms part of AAP's Platinum Group Metals (PGM) investment program, 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 has synergies with previous investments, Hydrogenious Technologies and United Hydrogen Group. Together, these companies could significantly reduce the delivered costs of hydrogen, laying the foundation for large scale adoption of zero emissions fuel cell technology. AAP also has investments in three global fuel cell companies, Ballard Power Systems, Altergy Systems and Johnson Matthey Fuel Cells.
Andrew Hinkly, Executive Head of Marketing at AAP, said, "We support the commercialization of new applications that use our metals, particularly those that are synergistic with our business and existing portfolio companies. Greyrock's systems produce clean transportation fuels that could be used by Anglo American in its operations while simultaneously providing a solution to the environmental challenge posed by flaring. This investment in Greyrock boosts demand for our metals while simultaneously working to reduce the delivered cost of liquid fuels and hydrogen. Our investment in Greyrock adds yet another building block to our portfolio of investments."