Ecovyst Announces Equity Investment in Pajarito Powder, a Hydrogen Catalyst Company | ECVT Stock News
Summary
In conjunction with this investment, Ecovyst and Pajarito also expect to engage in joint development efforts that take advantage of both companies competencies in material science and manufacturing. "Leveraging our know-how in catalyst scale up and manufacturing along with our global footprint to support Pajarito Powder to achieve its business plan is a natural win-win. "Tom Stephenson, Pajarito Powders CEO, added: "We carefully select our investment partners to ensure that their culture and capabilities closely align with our strategic needs. Along with our existing strategic investors Hyundai Motor Company and N.V. Bekaert S.A, we feel Ecovyst provides competencies that will help accelerate our growth in supports and catalysts for electrolyzers and fuel cells. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects," "projects," "sees" and similar references to future periods.