James Cropper plc
(‘James Cropper’, the ‘Company’ or the ‘Group’)
Publication of Infographics
James Cropper plc (AIM: CRPR), the Advanced Materials and Paper & Packaging group, has published two new infographics on its corporate website.
The first infographic provides an overview of the Group’s business model and investment case including information about the Company’s divisions, service offering, target markets and strategic priorities. This can be found here.
The second infographic focuses on the Advanced Materials division, specifically PEM electrolysers and hydrogen, and can be found here.
The Advanced Materials division serves a diverse range of end markets including fuel cells, wind energy, aerospace, defence and automotive. Within this division, James Cropper has developed some of the most advanced coating solutions for PEM electrolysers, extending operating life by 60%. The PEM electrolyser market is anticipated to grow at a rate of 35% per year over the next 12 years as governments aim to meet emission reduction targets by delivering affordable clean hydrogen production with PEM electrolysis considered the optimal source of hydrogen generation.
Hydrogen could contribute to more than 20% of annual global emissions reductions by 2050. James Cropper is well-positioned to benefit from this trend as it develops and manufactures the highest quality GDL substrate with its products currently used in over 60,000 hydrogen fuel cells globally. The global fuel cell market is forecast to grow 26% per year from 2023 to 2030. The Group’s strategic position with four manufacturing and converting sites, including one in the US, puts it in a strong position to take advantage of global fuel cell market growth.
ENDS