New joint initiative Johannsburg-listed miner Sibanye-Stillwater and Heraeus Precious Metals have teamed up with the aim to explore new applications for platinum-group metals (PGM) in the hydrogen economy.
In particular, the two companies will together evaluate how existing or new applications could benefit from the unique traits of palladium, Sibanye-Stillwater said in a statement.
“The joint aim is to develop alternative markets for palladium and support the emerging hydrogen sector with technical innovations. The project will be equally funded by both parties,” the company said.
“Palladium has a very high selectivity for hydrogen and thus can be used in a broad range of applications. The increasing demand for the purification of hydrogen during blue hydrogen production is one possible example of a palladium-based application,” according to the statement
The South African business says it is a multinational mining and metals processing group which holds a broad portfolio of operations, projects and investments across five continents.