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JOHANNESBURG, Sept. 2, 2022 /PRNewswire/ — Sasol and ITOCHU Corporation have signed a Memorandum of Understanding (MoU) to collectively examine and develop the market and provide chain for green ammonia with a spotlight on its use as bunkering gas and for energy technology. The events can even consider ITOCHU’s potential involvement and participation in Sasol’s green ammonia export-orientated mission(s), together with product offtake in addition to monetary help from Japan for research and grants regarding green ammonia tasks in South Africa.
The MoU has been signed in the course of the Tokyo International Conference on African Development (TICAD 8) in Tunisia, which is a discussion board to advance Japan-Africa sustainable growth on the continent. MUFG Bank Ltd, one of the biggest Financial Institutions on the earth, and a market chief in sustainable financing options, witnessed the signing of the MoU.
Green ammonia is produced from green hydrogen, which in flip is produced from renewable electrical energy (photo voltaic and wind) by way of an electrolysis course of. It is a key enabler to attaining net-zero in manufacturing fertilizers, within the marine sector the place it may be used as a zero-carbon bunkering gas, and for co-firing in thermal energy technology. Green ammonia is a wonderful power provider particularly over long-distances and might be simply transported. The product can be “cracked” again to hydrogen gasoline for additional functions.
Sasol is advancing a quantity of green hydrogen research and tasks in South Africa, comparable to in Boegoebaai within the Northern Cape province, that embrace green ammonia manufacturing at scale for export. Given South Africa’s wonderful photo voltaic, wind and valuable metals sources, the nation is poised to develop into a world hub for green hydrogen and its derivatives, comparable to ammonia and sustainable aviation fuels.
Hydrogen and ammonia play an vital function within the Japanese Green Growth Strategy and are positioned as “new resources” with vital potential to scale back the nation’s reliance on carbon-intensive fossil fuels, comparable to coal and oil. Japan is predicted to be a big importer of green ammonia sooner or later.
Sasol Executive Vice President: Energy Business, Priscillah Mabelane, stated that Sasol believes that strategic partnerships and collaboration are the important thing to develop massive scale green hydrogen tasks, and that this rising sector can play an vital function in enabling a simply power transition in South Africa.
“Sasol is excited about our collaboration with ITOCHU to unlock South Africa’s significant potential as a large-scale producer of green hydrogen and ammonia. This marks yet another milestone in our ambition to lead the energy transition in South Africa through decarbonisation, while stimulating industrial development.”
ITOCHU has been strengthening initiatives for the institution of manufacturing and provide chains for low-carbon ammonia, the event of ammonia-fueled ships and institution of a global worth chain for ammonia as a gas within the marine sector and its use for fertilizer-related functions in addition to within the power-generation sector. Using the MoU as a platform, ITOCHU, along with Sasol, will collectively examine provide chains and markets for green ammonia, and assess different partnership fashions associated to green hydrogen and ammonia manufacturing and exports from South Africa.
MUFG Bank, Ltd (MUFG) witnessed the signing of the MoU. Mr Takanori Sazaki – Senior Executive Officer, Regional Executive Officer EMEA stated: “MUFG is committed to empowering a brighter future and are proactive in addressing climate change and environmental protection issues. As the first Japanese Bank to declare carbon neutrality and participate in the UN-led Net Zero Banking Alliance (NZBA), this MoU aligns with our commitment of achieving Carbon Neutrality by 2050. We were very pleased to witness the signing of this MoU between Sasol and ITOCHU – not only because both companies are our important and long-standing clients, but also because the envisaged cooperation deals with green hydrogen and ammonia, which we believe will play a key role in establishing a low-carbon society”.
Issued by:
Alex Anderson, Senior Manager: Group Media Relations and External Relations
Mobile: +27 (0) 71 600 9605; Email: [email protected]
Matebello Motloung, Manager: Group Media Relations
Mobile: +27 (0) 82 773 9457; Email: [email protected]
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