South Africa Eyes Green Hydrogen Investment Worth U.S.$250 Billion

Arguments are being raised as they say it is the most abundant element, a silver bullet and key to unlock all our future energy needs.

While other African countries such as Morocco and Namibia have already positioned themselves as potential hydrogen producers. In 2021, Namibia announced an estimated US$9.4 billion green hydrogen project, scheduled to enter production in 2026. The initial target is to generate 2 gigawatts of renewable electricity for regional and global markets.

Masopha Moshoeshoe, a green economy specialist in the South African Presidency's investment and infrastructure office, says the industry could create 1.4 million jobs and generate as much as US$30 billion in annual revenue by that year. The potential is for the country to supply between 4 per cent and 8 per cent of the global market for ammonia, which is produced using hydrogen, with a focus on supplying South Korea and Japan, he said.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

South Africa: Amendment to Finance Bill Welcomed - South African News Briefs - November 23, 2022
Fonte: allafrica - 🏆 1. / 99 Consulte Mais informação »

New finance laws for South Africa get the green lightFinance minister Enoch Godongwana has put forward new laws to deal with money laundering and financing of terrorism by the Financial Action Task Force (FATF) and the risk of greylisting – among other things.
Fonte: BusinessTechSA - 🏆 24. / 61 Consulte Mais informação »