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
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