Sasol to develop South African hydrogen economy
South African fuel and chemicals group Sasol has agreed a memorandum of cooperation with the national development finance firm Industrial Development Corp to develop a green hydrogen economy in South Africa.
"South Africa is in a unique position to leverage its world class renewable resources endowment and infrastructure, as well as Sasol's Fischer-Tropsch technology and skills to position the country as a leader in a global hydrogen economy," Sasol said on July 5.
Sasol and IDC will work together on a non-exclusive basis in advocating for policy frameworks to enable a hydrogen economy at relevant forums. This will pave the way for the development of pilot and commercial-scale hydrogen projects that can support South Africa's energy transition, Sasol said.
"Green 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," Sasol said. "Our ambition is to lead and co-create South Africa’s hydrogen ecosystems through strategic partnerships, leveraging our proprietary technology and integrated value chain."