JOHANNESBURG, July 5, 2021 / PRNewswire / – Sasol Limited (Sasol) and the Industrial Development Corporation of South Africa Limited (IDC) have entered into a Memorandum of Cooperation (MOC) to jointly develop and create a conducive environment for progress South Africa green hydrogen economy.
The basis of the MOC is the recognition of the parties that South Africa is in a unique position to leverage its world-class renewable resources and infrastructure, as well as Sasol’s Fischer-Tropsch technology and capabilities, to position the country as a leader in a global hydrogen economy.
Sasol and IDC will, among other things, work together on a non-exclusive basis to advocate political frameworks for enabling a hydrogen economy in relevant international forums; Development of pilot and commercial hydrogen projects to develop viable and sustainable solutions; Access to local and international funding options; and pursuing strategic projects that benefit the country’s energy transition and economic development goals.
Priscillah Mabelane, Sasol’s Executive Vice President: Energy Business, said, “Green hydrogen is 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. at the same time increase urgently needed employment opportunities. “
“Our goal is to lead and help shape South Africa Hydrogen ecosystems through strategic partnerships that leverage our proprietary technology and integrated value chain. We look forward to working with the IDC in the joint pursuit of South Africa The potential of green hydrogen to support a just energy transition and open up new value chains to stimulate the country’s economy, “concluded Ms. Mabelane.
Joanne Bate, IDC Chief Operations Officer: “The development of the hydrogen industry is a key factor for South Africa Transition to a decarbonised future. Hydrogen has the potential to decarbonise various industrial sectors. IDC intends to participate in the development of the catalytic projects necessary to develop this new industry. We look forward to working with Sasol to identify and jointly develop such catalytic projects. Our commitment to developing the hydrogen industry also provides opportunities to fulfill our development mandate, which includes job creation and the opportunity to involve previously disadvantaged companies. “
For more information on other green hydrogen partnerships that Sasol has entered into, please visit the media center at www.sasol.com.
Matebello Motloung, Manager: Group Media Relations
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