Sasol, IDC Group ink deal to develop hydrogen economy in South Africa

SOUTH AFRICA – Petrochemical giant Sasol and the Industrial Development Corporation (IDC) have signed a memorandum of understanding to collaborate on developing and shaping an enabling environment for South Africa’s green hydrogen economy. In a press statement, the parties said the agreement was based on the mutual recognition that South Africa was well placed to harness its world-class renewable energy endowment and infrastructure, as well as Sasol’s Fischer-Tropsch technology and capabilities, to position the country as a worldwide leader in the hydrogen economy. Sasol and the IDC would collaborate on…

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KfW launches US$237m financing initiative for green-hydrogen program in South Africa

SOUTH AFRICA – KfW Development Bank, a German state-owned investment and development bank, on behalf of the government, has launched a concessional financing initiative seeking to catalyse the development of a green hydrogen economy in South Africa. The request for information (RFI) has been issued by the Council for Scientific and Industrial Research (CSIR) and Meridian Economics on behalf of German development bank KfW, which has set aside up to €200 million (US$237.1 million) in concessional financing on behalf of the German government for the initiative. Information is being sought on project opportunities covering…

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FiveT Capital Holding launches world’s first clean hydrogen investment fund

 AFRICA – FiveT Capital Holding, an independent asset manager, has launched a private infrastructure fund, FiveT Hydrogen Fund, dedicated to delivering clean hydrogen infrastructure projects at scale. The Euro-denominated Fund intends to raise a total of US$1,189 billion (€1 billion) from a combination of financial and industrial investors. It will make largely minority co-investments into greenfield projects with key industrial players. The Fund has already received combined commitments intentions of US$218,7 million (€260 million) from Plug Power, Chart Industries Inc and Baker Hughes. In addition, Francisco Fernandez, founder and former…

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