Sasol Limited (Sasol) and the Industrial Development Corporation of South Africa Limited (IDC) have concluded a memorandum of cooperation (MOC) to jointly develop and shape an enabling environment to advance South Africa\u2019s green hydrogen economy.<\/p>\n
Underpinning the MOC is acknowledgement by the parties that South Africa is in a unique position to leverage its world class renewable resources endowment and infrastructure, as well as Sasol\u2019s Fischer-Tropsch technology and skills to position the country as a leader in a global hydrogen economy.<\/p>\n
Sasol and the IDC will, among others, collaborate on a non-exclusive basis in advocating at relevant international fora for policy frameworks to enable a hydrogen economy; developing pilot and commercial scale hydrogen projects to pioneer viable and sustainable solutions; accessing local and international financing options; and pursuing strategic projects that benefit the country\u2019s energy transition and economic development goals.<\/p>\n
Priscillah Mabelane, Sasol\u2019s Executive Vice President: Energy Business, said: \u201cGreen hydrogen provides an exciting opportunity for the country to create new hydrogen ecosystems and become a credible exporter of sustainable energy and chemical products, such as hydrogen, ammonia and sustainable aviation fuel, while increasing much-needed employment opportunities.\u201d<\/p>\n
\u201cOur ambition is to lead and co-create South Africa\u2019s hydrogen ecosystems through strategic partnerships, leveraging our proprietary technology and integrated value chain. We are delighted to partner with the IDC in jointly pursuing South Africa\u2019s green hydrogen potential to support a just energy transition and unlock new value chains to ignite the country\u2019s economy,\u201d concluded Ms Mabelane.<\/p>\n
Joanne Bate, Chief Operations Officer from the IDC said: \u201cThe development of the hydrogen industry is a key enabler in South Africa\u2019s just transition to a decarbonised future. Hydrogen has the potential to decarbonise various industrial sectors. IDC intends on getting involved in the development of those catalytic projects needed to develop this new industry. We are looking forward to working together with Sasol in identifying and co-developing such catalytic projects. Our involvement in the development of the hydrogen industry also provides opportunities to fulfill our development mandate which entails job creation and opportunities to involve previously disadvantaged entities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"