Cormetech, Inc. is a U.S.-based manufacturer of selective catalytic reduction (SCR) catalysts used for emissions control. The company specializes in stationary applications for power generation and industrial facilities.
Its technologies support compliance with environmental regulations by reducing nitrogen oxides and other pollutants. Cormetech maintains a significant project pipeline and is positioned for growth tied to expanding U.S. data center and AI infrastructure.
Also known as CORMETECH Inc..
Adds US SCR catalyst maker with gas-turbine IP to Clean Air business; combined unit to target power-generation and data-centre demand with sales >£200m and mid-teens margin in 2026/27.
Strategy driving cash: free cash flow £168m (+163%); pro forma underlying operating profit +6% at constant PGM/FX. Catalyst sale £1,325m on track; Cormetech buy agreed; new PGM refinery 2027.
Buyer will acquire a US SCR catalyst maker for $360M cash, enhancing stationary emissions control tech, tapping AI/data‑centre demand; $1B pipeline; expected close mid‑2026
