Ecovyst Inc., a global provider of advanced materials and catalysts, has announced a significant equity investment of $4.5 million in Pajarito Powder, a company focused on developing catalysts and supports for hydrogen electrolyzers and fuel cells. The investment signals Ecovyst's belief in the potential of hydrogen produced via electrolysis as a low-carbon fuel for various applications. Pajarito Powder, known for its innovative materials science solutions, has successfully created supports and catalysts that enhance performance and reduce costs for electrolyzers and fuel cells, crucial components in the hydrogen economy's growth. The investment will allow Pajarito Powder to further advance its technology, enhance customer relationships, and strengthen its business operations. Additionally, joint development efforts between Ecovyst and Pajarito Powder aim to capitalize on their combined expertise to drive innovation in hydrogen technologies. Ecovyst's involvement will include appointing a representative to Pajarito Powder's Board of Directors. The CEOs of both companies expressed enthusiasm about the collaboration, highlighting the potential to expand capabilities in the emerging hydrogen economy. Paul Whittleston from Ecovyst emphasized the long-standing materials science and catalyst capabilities of the company, underscoring the potential for synergies in catalyst scale-up and manufacturing. Pajarito Powder's CEO, Tom Stephenson, emphasized the strategic alignment between the companies and how Ecovyst's competencies will support their growth in electrolyzer and fuel cell technologies. Overall, the partnership between Ecovyst and Pajarito Powder showcases a positive sentiment towards advancing hydrogen technologies for a sustainable future.