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Sasol Ltd, IDC establishes partnership to co-develop South Africa's hydrogen economy

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Sasol Limited (Sasol) and the Industrial Development Corporation of South Africa Limited (IDC) have announced that they have concluded a memorandum of cooperation (MOC) to jointly develop and shape an enabling environment to advance South Africa's green hydrogen economy.

Underpinning the MOC is an acknowledgment 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's Fischer-Tropsch technology and skills to position the country as a leader in a global hydrogen economy.

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's energy transition and economic development goals.

Priscillah Mabelane, Sasol's Executive Vice President: Energy Business, 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."

"Our ambition is to lead and co-create South Africa's 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's green hydrogen potential to support a just energy transition and unlock new value chains to ignite the country's economy," concluded Ms. Mabelane.

Joanne Bate, Chief Operations Officer from the IDC said: "The development of the hydrogen industry is a key enabler in South Africa's just transition to a decarbonized future. Hydrogen has the potential to decarbonize 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." 

Author : Moulin Oza
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