Anglo American Platinum Ltd. said Sept. 15 that it invested in Greyrock Energy Inc., a small-scale gas-to-liquids technology company, in order speed the commercialization of its technology to drive demand for platinum group metals (PGM) through enabling adoption of fuel cell electric vehicles (FCEVs).
This investment forms part of Anglo American Platinum's Platinum Group Metals 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’s catalysts incorporate metals produced by Anglo American Platinum. The PGM program was established in 2013.
Greyrock's Direct Fuels Production and Flare-to-Fuels product lines convert flare gas, natural gas, NGL, biogas and other feedstock into clean liquid transportation fuels, with hydrogen produced as a by-product during the process.
The hydrogen produced as a byproduct will provide an alternative source for hydrogen and support the lowering of costs associated with hydrogen delivery for use in FCEVs.
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