August 7, 2025
Change in investment plan to increase production of iridium catalyst for green hydrogen production equipment
Furuya Metal Co., Ltd. (Head Office: Toshima-ku, Tokyo, President: Takahito Furuya) will hold off on the investment for equipment to increase the production capacity of iridium-catalyst for green hydrogen production*¹.
At Tsuchiura Plant, we were preparing to expand production facility on Iridium-catalyst for PEM*² electrolyzer and start operations in the fiscal year of 2025 with a production capacity of 2GW*³ annually. Given changes in the global hydrogen market, we will maximize the use of our current production facilities for now and implement further investment when market growth is clear.
While the investment plan was selected by GX Supply Chain Development Support Program, we have decided to decline the adoption by this program because the change in the investment plan does not allow us to meet the required bar of 2GW per year.
We will continue to work on the supply of iridium catalysts and the development of next-generation catalysts, which are indispensable for the progress of the hydrogen industry and the realization of a carbon neutral society.
*¹ Hydrogen produced in the process without discharging CO ₂ through the electrolyzation of water using renewable energy-derived electricity such as solar and wind power.
*² PEM : Proton exchange membrane
*³ 1 gigawatt is equivalent to the solar panel capacity of approx. 0.2 million single-family homes.
For inquiries
General Affairs & CSR Department
FURUYA METAL CO., LTD.
TEL. +81-3-5977-3377
Email. ir@furuyametals.co.jp