Johnson Matthey secures £400mn loan for hydrogen push

UK technology company banks state cash and raises funds through sustainable bond issue

Technology company Johnson Matthey has secured a £400mn ($530mn) UK government-backed loan to support its push into green hydrogen. The loan is being made by the government’s UK Export Finance agency via its export development guarantee scheme. The scheme aims to boost exports of key technologies. “Investments in hydrogen technologies will blast domestic energy production higher than ever—securing the future supply of cleaner energy at home and helping us to export abroad,” says UK international trade secretary Anne-Marie Trevelyan. In a separate but simultaneous fundraising action, the firm has issued €315mn ($344mn) of sustainability linked private placement notes. A private placement is a