In an exclusive interview with Oil Review Middle East, Maurits van Tol, CEO of Catalyst Technologies at Johnson Matthey, discusses the importance and benefits of cross-sector partnerships in the energy transition.
He explains how such partnerships can help to de-risk energy transition projects, given the challenges of scaling up the new technologies involved, and provide increased bankability for the customer. He notes that an integrated proposal saves a lot of money for the companies involved over the lifetime of the project, and that by working together it is cheaper and faster to develop proposals.
Highlighting Johson Matthey’s sustainable fuel partnership which involves four parties, he says, “What we see is a 10% cost reduction, and we are 15% faster already in developing proposals for our customers. This is only the beginning; as we work together we can only get better and faster. That’s a real benefit for our customers.”
Maurits van Tol also highlights the interconnection between policy regulation, infrastructure and market conditions in creating an enabling business environment, and underlines the importance of trust and cultural fit between partners.
“No matter how good the business case looks on paper, if there is no trust and more of a win-lose than win-win with any of the partners, it’s not going to work,” he says.
It is important to ensure a good cultural fit at the front-end stage of the project, he advises.
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