What's Hot

    Gitex Africa – Tech giants, startups, and SMEs converge in Morocco

    June 2, 2023

    Ecobank launches single market trade hub for African businesses

    June 2, 2023

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      Dangote refinery set to be commissioned in two weeks

      May 8, 2023

      An Nisa Taxi a Kenyan women-only taxi service to expand to Saudi Arabia

      May 4, 2023

      AD Ports Group invests Dhs955m to bolster its fleet

      May 1, 2023
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Ecobank launches single market trade hub for African businesses

      June 2, 2023

      IATF – Cairo Selected as the venue for the 3rd Intra-African Trade Fair

      May 31, 2023

      AeTrade Group promotes job creation and digital inclusion to boost Intra-African trade

      May 30, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      Riyadh Valley Company invests in STV’s Total Growth Platform

      Business Finance April 4, 2023
      Recent

      Riyadh Valley Company invests in STV’s Total Growth Platform

      April 4, 2023

      South Africa’s Fin acquires Thuthukani

      March 24, 2023

      Fintech dominates African startup funding

      February 15, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Business

    Green hydrogen – Inaugural South African summit is held

    November 30, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    green hydrogen
    Africa could account for up to 10% of the global green hydrogen market, according to reports.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Green hydrogen was the focus as South African President Cyril Ramaphosa delivered the keynote address at the special-edition Sustainable Infrastructure Development Symposium South Africa (SIDSSA).

    The South Africa Green Hydrogen Summit was held in Cape Town at Century City from 28 to 30 November. South Africa is one of the founding members of the Africa Green Hydrogen Alliance (AGHA), which seeks to promote continental cooperation.

    Green hydrogen as an export

    The summit built on the foundation laid by the 2021 SIDSSA, which highlighted South Africa’s potential as a global exporter of green energy. The Green Hydrogen Summit also took place following the recent conclusion of the UN Climate Change Conference (COP 27) at Sharm el-Sheikh in Egypt.

    “Low- and middle-income countries are most affected by these weather events, but are least equipped to adapt to the effects of climate change. We therefore welcome the commitment at COP 27 to establish a fund to address climate damage suffered by developing economies,” said President Ramaphosa.

    A just transition

    South Africa used the COP27 platform to elaborate on its just green transition. It recently released for public comment a Just Energy Transition Investment Plan as the basis for the country’s pathway towards a low-carbon and climate resilient society. According to the plan, South Africa requires about USD 98 billion over the next five years to enable a just transition and achieve its ambitious emissions reduction targets.

    Green hydrogen has been identified in the investment plan as one of the four ‘big frontiers’ of a just energy transition, indicating its huge growth and investment potential. Globally, the demand for the fuel and its associated products, such as ammonia and synthetic jet fuels, is rising significantly.

    This presents a unique opportunity for South Africa to link its mineral endowment with its renewable energy endowment to drive industrialization. At the same it will create jobs, attract investment, bring development to rural provinces and support a just transition from fossil fuels.

    It is estimated that South Africa has the potential to produce 6 to 13 million tons of green hydrogen and derivatives a year by 2050. To do so would require between 140 and 300 gigawatts of renewable energy.

    The focus would be on green hydrogen exports, electrolyzer and fuel cell production and the manufacture of green steel, sustainable aviation fuel, ammonia, fertilizers and renewable energy components.

    South Africa: A potentially significant player

    “The potential for South Africa to emerge as a significant player in the green hydrogen value chain is immense. We look forward to welcoming more of the firms in the value chain and associated technologies into our market. We hope to see these international firms partnering with South African firms as we increase our renewable energy footprint, manufacturing capability and local production of value added products,” said President Ramaphosa.

    According to recent reports, Africa could account for as much as 10% of the global green hydrogen market.

    Green Hydrogen South Africa
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous Article500 Global opens Egyptian offers, partners with ITIDA
    Next Article Standard Bank Group warns of the impact of global inflation on Africa

    Related Posts

    Business

    Gitex Africa – Tech giants, startups, and SMEs converge in Morocco

    June 2, 2023
    Business Logistics Logistics

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023
    Business & Trade Startups

    Cargoz secures bridge funding for expansion into KSA

    May 29, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    LATEST STORIES

    Gitex Africa – Tech giants, startups, and SMEs converge in Morocco

    June 2, 2023

    Ecobank launches single market trade hub for African businesses

    June 2, 2023

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023

    IATF – Cairo Selected as the venue for the 3rd Intra-African Trade Fair

    May 31, 2023

    AeTrade Group promotes job creation and digital inclusion to boost Intra-African trade

    May 30, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.