South African Sasol and ITOCHU have signed a Memorandum of Understanding to jointly study and develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation. The parties will also evaluate ITOCHU's potential involvement and participation in Sasol's green ammonia export-orientated projects, including product offtake as well as financial support from Japan for studies and grants relating to green ammonia projects in South Africa. Sasol is advancing a number of green hydrogen studies and projects in South Africa, such as in Boegoebaai in the Northern Cape province, that include green ammonia production at scale for export. Given South Africa's excellent solar, wind and precious metals resources, the country is poised to become a global hub for green hydrogen and its derivatives, such as ammonia and sustainable aviation fuels.
South African Sasol and ITOCHU have signed a Memorandum of Understanding to jointly study and develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation. The parties will also evaluate ITOCHU's potential involvement and participation in Sasol's green ammonia export-orientated projects, including product offtake as well as financial support from Japan for studies and grants relating to green ammonia projects in South Africa. Sasol is advancing a number of green hydrogen studies and projects in South Africa, such as in Boegoebaai in the Northern Cape province, that include green ammonia production at scale for export. Given South Africa's excellent solar, wind and precious metals resources, the country is poised to become a global hub for green hydrogen and its derivatives, such as ammonia and sustainable aviation fuels.
