Ecovyst Inc., a global provider of advanced materials and specialty catalysts, has announced a $4.5 million equity investment in Pajarito Powder, a materials science company based in Albuquerque, New Mexico. Pajarito Powder specializes in supports and catalysts essential for electrolyzers and fuel cells, crucial components for the hydrogen economy. The investment reflects Ecovyst's commitment to the growing green hydrogen market, expected to expand significantly by 2030. Pajarito Powder's technology is positioned to drive this growth by enhancing performance and reducing costs for electrolyzers and fuel cells. The partnership between Ecovyst and Pajarito Powder goes beyond financial support, aiming to collaborate on technology development. Ecovyst plans to appoint a representative to Pajarito Powder's Board of Directors and engage in joint development efforts to maximize synergies in material science and manufacturing. By leveraging Ecovyst's extensive capabilities in sustainable fuels and catalyst technologies, both companies are poised to accelerate advancements in the hydrogen economy. Pajarito Powder, with its expertise in advanced electrocatalysts, has attracted investments from strategic partners like Hyundai Motor Company and NV Bekaert SA. The company's focus on developing precious metal-free catalysts and engineered catalyst supports has positioned it as a leader in the field. The investment from Ecovyst will further empower Pajarito Powder to enhance its technology, expand customer partnerships, and drive business growth. Overall, the collaboration between Ecovyst and Pajarito Powder signifies a strategic alignment towards advancing technology in the hydrogen economy. With a positive outlook on the market's growth and a shared vision for innovation, the partnership is poised to drive sustainable advancements in the field of green hydrogen.