Johnson
Matthey
Catalysts
EPA
September
30,
2003
Overview
°
JM
organization
 
Environmental
Catalysts
and
Technologies
 
Process
Catalysts
and
Technologies
°
Pt
supply
and
demand
°
Autocatalyst
recovery
process
Johnson
Matthey
­
Introduction
°
British
company
 
formed
in
1817
°
Global
speciality
chemicals
company
°
A
business
based
in
science
and
technology
°
Strategy
for
growth
°
FTSE
100
°
8,000
employees
in
34
countries
Johnson
Matthey
­
Divisions
°
Environmental
Catalysts
&
Technologies
°
Fuel
Cells
°
Process
Catalysts
&
Technologies
°
Glass
°
Structural
Ceramics
°
Speciality
Coatings
Colours
&

Coatings
Catalysts
°
Platinum
°
Gold
&
Silver
Precious
Metals
Pharmaceutical
Materials
°
PharmEco
°
JM
Pharmaceutical
°
Macfarlan
Smith
Precious
Metals
Division
Platinum
°
World's
leading
distributor
of
platinum
group
metals
°
Platinum
fabrication
activities
°
Sole
marketing
agent
for
Anglo
Platinum
Gold
and
Silver
°
Market
leader
in
refining
of
gold
and
silver
°
Leading
manufacturer
of
high
purity
small
gold
bars
Colours
and
Coatings
Division
Glass
°
Manufacture
enamels
for
automotive
glass
°
Make
enamels
and
precious
metal
products
for
other
glass
applications
Structural
Ceramics
°
Colours,
glazes
and
frits
for
tile
and
sanitaryware
industries
°
World
leader
in
zircon
pigments
Speciality
Coatings
°
Colours
and
glazes
for
fine
china
°
Inorganic
pigments
and
pigment
dispersions
for
automotive
finishes,

woodstains,
and
plastics
Pharmaceutical
Materials
Division
A
Newer
Division
°
Created
in
2001
°
Followed
acquisition
of
Pharm­
Eco
Laboratories
and
Macfarlane
Smith
°
Added
to
long
established
JM
active
pharmaceutical
ingredient
manufacturing
business
Products
°
Contract
chemistry
services
to
pharmaceutical
industry
°
Controlled
and
uncontrolled
drugs
°
High
value
active
pharmaceutical
ingredients
Catalysts
Division
°
Environmental
Catalysts
and
Technologies
°
Fuel
Cells
°
Process
Catalysts
and
Technologies
Environmental
Catalysts
and
Technologies
°
World
leader
in
catalysis
for
automotive
emission
control
°
Expanding
in
heavy
duty
diesel
emission
control
°
Stationary
source
emission
control
°
Ten
production
plants
worldwide
satisfying
a
third
of
global
demand
for
autocats
Fuel
Cells
°
Investing
in
R&
D
and
manufacturing
°
Collaborations
with
key
customers
°
Early
commercial
products
available
°
Key
component
supplier
°
Excellent
growth
potential
Process
Catalysts
and
Technologies
°
Formed
in
2003
with
Synetix
acquisition.

°
Combines
JM's
PGM
expertise
with
Synetix'
base
metal
expertise.

 
Catalysts
 
Salts
&
Solutions
 
Refining
Services
 
Related
Services
&
Technologies
Platinum:
Supply
&
Demand
°
Demand
grew
by
5%

 
Chinese
Jewelry
(+
9%)

 
Autocatalyst
Pt
(+
17%)

°
Supply
grew
by
2%

 
South
Africa
+
9%

 
Russia
­
25%

 
N.
A./
Others
+
17%
Platinum:
Supply
&
Demand
2002
°
Autocatalyst
demand
+
17%

°
Metal
purchases
3.6%

°
Lower
emission
levels
Autocatalyst
Estimated
Platinum
Ounces
Recovered
(`
000)
2001
2002
North
America
370
380
Europe
70
90
Japan
55
60
ROW
35
40
530
570
Autocatalyst
Recovery
Cycle
Collection
Facilities
Material
Preparation
&
Sampling
Smelting
Process
Refining
Process
Commercial
Grade
Metals
°
Locations
in
major
cities
°
Bought
outright
°
Toll
refined
°
Decanning
°
Crushed
°
Collector
Metals
°
PGM
Concentrate
Multimetco
Inc.

operates
several
purchasing
facilities
across
the
United
States.
Converters
Pellet
Converters
Pellet
Converters,
as
the
name
suggests,
contain
a
pellet
or
beaded
type
of
catalyst
material.
Monolith
Converters
Monolith
converters,
or
sometimes
called
Honeycomb
converters,

contain
a
catalyst
which
resembles
a
honeycomb
ceramic
like
structure
inside
of
the
converter
body.
Major
Recyclers
(
U.
S.)

°
Multimetco
*
(
AL)

°
Techemet
*
(
TX)

°
Engelhard
*
(
SC)

°
A­
1
(
NJ)

°
Umicore
(
TN)

°
Toyota
Tsusho
(
Japan)

°
Stillwater
*
(
MT)

*
Sampling
&
smelting
facilities
in
U.
S.
South
Africa
Mine
Expansion
°
By
2006,
the
big
three
mines
in
South
Africa
expect
to
increase
production
of
Pt
by
1.75M
T.
O.
from
4.75M
to
6.5M
(+
35%),
at
a
minimum.

°
This
Pt
increase
is
expected
to
cover
any
deficit
in
supply.
Catalyst
Recovery
°
Smelting
and
refining
capacity
sufficient.

°
In
N.
A.,
80%
of
all
autocatalyst
are
collected
­
8
year
average
ELV.

°
N.
A.
autoctalyst
on
average
contain
7g
of
PGM.
The
HDD
system
contains
5­
7g/
vehicle
(
2007).

°
HDD
catalysts
likely
to
be
>
80%
collected:

 
Company
owned
 
Greater
value
 
Longer
life
°
PGM
smelting
and
refining
losses
for
Pt
are
1­
2%
for
ceramic
catalysts.

°
Overall,
recapture
large
percentage
of
original
metal
loaded
on
catalyst.
Johnson
Matthey
Catalysts
