AFC Energy PLC (AIM:AFC, OTC:AFGYF) has announced the launch of a new subsidiary, Hyamtec Limited, to commercialize its ammonia cracker technology.
It is part of the company’s strategic push to deliver scalable, low-cost hydrogen production aimed at supporting the decarbonisation of industries.
"The global transition to net zero is driving the urgent need for innovative hydrogen solutions, and ammonia cracking is emerging as a key enabler for industries aiming to decarbonise,” AFC chief executive Gary Bullard said in a statement.
The cracker technology – which converts ammonia into hydrogen – is designed to be a scalable, on-demand hydrogen production solution for industrial and mobile applications.
It aims to address key markets including industrial heat generation, power generation, and fuel cell applications in transportation. Specifically, Hyamtec’s ammonia cracker technology is positioned to offer a practical solution for industries facing high costs and infrastructure challenges in reducing their carbon footprint.
The new business will be led by Dr Mike Rendall, currently AFC Energy’s chief technology officer in the hydrogen processing division.
"With over £40bn spent per annum on natural gas in the UK alone by industrial users, the global opportunity to displace fossil fuels in industry with ammonia is immense,” Rendall said.
Rendall added: “Hyamtec is focused on fast tracking the decarbonisation of industry through ammonia and our ammonia cracking technologies.
“We have seen strong interest from investors and partners alike in our technology and market strategies, and as a leading pioneer in this sector, we look forward to partnering with industry to support the rapid decarbonisation of the world's hardest to abate sectors."
Bullard stated: “With years of investment behind us, AFC Energy has built a robust ammonia cracking technology that aligns perfectly with the needs of heavy industry.
“The creation of Hyamtec allows us to fully capitalise on this technology, bringing it to market in a way that unlocks new growth opportunities, both in the UK and globally.”
“By showcasing the unique potential of Hyamtec, we invite strategic partners and investors to join us in accelerating the adoption of hydrogen technologies and driving the next wave of industrial decarbonisation."