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Sasol, IDC sign MoC to develop South Africa’s green hydrogen economy

Sasol, IDC sign MoC to develop South Africa’s green hydrogen economy

Sasol and the Industrial Development Corporation of South Africa (IDC) have unveiled a new memorandum of cooperation (MoC) today (July 5) to develop and shape an enabling environment to advance South Africa’s green hydrogen economy.

Underpinning the MoC is acknowledgment by the parties that South Africa is in a unique position to leverage its world class renewable resources endowment and infrastructure.

This is in addition to Sasol’s Fischer-Tropsch technology and skills that could position the country as a leader in a global hydrogen economy.

Read more: Sasol seizes the hydrogen opportunity; signs two contracts for a hydrogen mobility ecosystem and sustainable aviation fuels

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