Sasol, ArcelorMittal To Jointly Explore Green Hydrogen, Carbon Capture Projects
10.18.2022 By Ella Keskin - NEWS

October 18, 2022 [Reuters] – South African petrochemicals company Sasol (SOLJ.J) on Tuesday said it was partnering steelmaker ArcelorMittal South Africa (ACLJ.J) to explore carbon capture technology and steel production using green hydrogen.

 

Green hydrogen, produced from splitting water into hydrogen and oxygen using renewable energy sources such as solar and wind, is considered a cleaner energy source for the future, but the technology is still in its infancy and relatively expensive.

Sasol is the world’s biggest producer of fuel products and chemicals from coal, but is transitioning away from the fossil fuel as part of its decarbonisation plan. ArcelorMittal South Africa is Africa’s biggest steel producer, with a significant carbon footprint.

Both companies are targeting net zero carbon emissions by 2050, in line with the South African government’s aim to cut climate-warming gas emissions.

In a statement, Sasol said the two firms would jointly advance a green hydrogen and derivatives study on the Saldanha region’s potential as an export hub for green hydrogen and derivatives, as well as green steel production.

They will study the use of renewable electricity and green hydrogen to convert captured carbon from ArcelorMittal’s Vanderbijlpark steel plant into sustainable fuels and chemicals, it said.

“These studies are anchored by the local need for green hydrogen and sustainable products, cementing Sasol as the leading contributor to the development of southern Africa’s green hydrogen economy,” said Priscillah Mabelane, Executive Vice President for Energy.

The initiatives could see ArcelorMittal South Africa becoming Africa’s first green flat steel producer using green hydrogen from its Saldanha works, which are currently under care and maintenance, while also reducing the carbon footprint of its flagship Vanderbijlpark works.

“These potential projects are an important kick-start to our decarbonisation journey and create an exciting opportunity to contribute to the South African government’s aspirations to transition to a green economy,” said Kobus Verster, chief executive of ArcelorMittal South Africa.

 

 


Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

WTI Crude Oil Forecast: Continues to Threaten Support
12.01.2022 - NEWS
December 1, 2022 [DailyForex] – We are on the precipice of either forming a massive double ... Read More
Oil Updates — Crude Prices Up; Chevron Awaits Venezuelan Oil Cargoes
12.01.2022 - NEWS
December 1, 2022 [Arab News] – Oil rebounded on Tuesday after falling to more than 11-month... Read More
WTI, Brent Prices Slip
12.01.2022 - NEWS
December 1, 2022 [Financial Tribune] – Oil prices slid on Wednesday as Covid-19 cases in Ch... Read More
A Volatile Year for Oil Markets
12.01.2022 - NEWS
December 1, 2022 [TheStreet] – One month ago, with inventories of diesel fuel and gasoline ... Read More