https://www.miningweekly.com
Africa|Building|Business|Energy|Export|Financial|Industrial|Infrastructure|Ports|PROJECT|rail|Transnet|Products|Infrastructure
Africa|Building|Business|Energy|Export|Financial|Industrial|Infrastructure|Ports|PROJECT|rail|Transnet|Products|Infrastructure
africa|building|business|energy|export|financial|industrial|infrastructure|ports|project|rail|transnet|products|infrastructure

Sasol appoints adviser to search for Boegoebaai hydrogen export hub coinvestors

1st December 2023

By: Terence Creamer

Creamer Media Editor

     

Font size: - +

A financial adviser has been appointed to assist Sasol in a search for potential coinvestors into a green hydrogen and ammonia export hub at Boegoebaai, in the Northern Cape, following the completion of a prefeasibility study into the site’s potential.

The study, which was initiated in 2021, reportedly confirmed that Boegoebaai has the potential to be technically and economically viable as a multi-investor green hydrogen hub.

Mizuho International has, thus, been appointed to facilitate an “international search for partners to co-invest and to complete further studies in this continent-leading opportunity”.

Located just south of the Namibian border, Boegoebaai has been identified as the site for a proposed new deepwater port and special economic zone for the export of manganese ore and, potentially, green hydrogen and derivative products.

The ‘Boegoebaai Green Hydrogen Programme’ was Gazetted as a strategic integrated project, or SIP, in December 2022 and, in October, the Transnet National Ports Authority announced that three consortia had been selected to bid to deliver port and rail infrastructure at and to the site.

The project also features as part of the recently published implementation plan for South Africa’s Just Energy Transition Investment Plan, which outlines an energy transition funding requirement of R1.5-trillion for the period between 2023 and 2027, including R319-billion for green hydrogen initiatives.

“Sasol recognises and embraces its responsibility as a leader of the energy transition in South Africa, including building the new industrial frontier that green hydrogen represents,” energy business VP Priscillah Mabelane said in a statement.

“A partnership construct, in pursuing this ambition, is critical in our disciplined capital allocation approach to manage the inherent risk of such an early-stage development,” she added.

Sasol indicated that partnering enquiries could be directed to Victor Barcot or Gerard McHugh at Mizuho International, using the project.daisy@ae.mizuho-sc.com email contact address.

Edited by Creamer Media Reporter

Comments

Showroom

Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine video image
Magazine round up | 01 March 2024
1st March 2024
Implats CEO Nico Muller
Implats expecting phased reduction in group output
29th February 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.185 0.222s - 110pq - 2rq
Subscribe Now