Asahi Kasei Invests in Manufacturer of Anion Exchange Membranes

Sustainable Electrolysis Asahi Kasei Invests in Manufacturer of Anion Exchange Membranes

2023-12-08 Source: Asahi Kasei 1 min Reading Time

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Japanese diversified global manufacturer Asahi Kasei has made an investment in Ionomr Innovations, a Canadian start-up that manufactures anion exchange membrane (AEM).

Ionomr’s anion exchange membrane (AEM) allows electrolysis without the need for precious metals as catalyst.(Source: Asahi Kasei) — Ionomr’s anion exchange membrane (AEM) allows electrolysis without the need for precious metals as catalyst.
(Source: Asahi Kasei)

Countries around the world consider the large-scale production of green hydrogen as a key to achieving a zero-emission society in the coming decades. As a one-stop solution provider of scalable alkaline-water electrolyzers and other components for hydrogen production, Asahi Kasei is taking an important step forward in its hydrogen business by investing in Canadian start-up Ionomr Innovations.

Founded in 2018, Ionomr specializes in the development and sale of next-generation membranes for use in electrolyzers and other applications. Ionomr’s anion exchange membrane (AEM) allows electrolysis without the need for precious metals as catalyst, allowing for easy scalability with reduced costs, while featuring outstanding durability and performance.

By sharing its expertise in the field of membrane technology with Ionomr, Asahi Kasei expects to help to raise the performance of bespoke AEM products. “This investment enables us to team up with a leading expert for a membrane technology that could be a game changer for the production of green hydrogen in terms of cost-effectiveness and scalability. At the same time, we can share our long-term expertise in manufacturing and operating large-scale electrolyzers”, says Masami Takenaka, Lead Executive Officer of Asahi Kasei and Senior General Manager of Corporate Research & Development.

The collaboration with Ionomr is one of the first projects within Asahi Kasei’s “Care for Earth” investment framework, which was announced in April 2023. The company allocated up to 100 million Dollars for investments worldwide in early-stage start-ups that aim to solve issues in environmental fields such as hydrogen, energy storage, carbon management, and bio-based chemicals over the five-year period up to fiscal 2027. As described in its medium-term management plan in April 2022, hydrogen-related business is one of the company’s “10 Growth Gears” (GG10), businesses that are to drive future growth, targeting more than 70 % of operating income around 2030.

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