Released September 26, 2022 | NEW DELHI
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Researched by Industrial Info Resources (Sugar Land, Texas)--Africa is the world's largest producer of platinum group metals (PGMs), one of the key ingredients in the production of green hydrogen. South Africa's abundant renewable resources offer another advantage.
South Africa aims to harness the synergies among platinum mining, renewable energy and hydrogen production to become a hydrogen hub. The southernmost African nation plans to deploy 10 gigawatts (GW) of electrolysis capacity in Northern Cape and produce about 500 kilotons of hydrogen annually by 2030.
Currently, global production of low-carbon hydrogen is minimal, according to the International Energy Agency (IEA), as its cost is not yet competitive with other technologies. But a recent report from the National Business Initiative says South Africa could produce green hydrogen for $1.60 per kilogram by 2030, which would be one of the lowest costs worldwide.
Industrial Info is tracking 13 active PGM projects across Africa, totaling US$2.45 billion in value. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for a list of detailed project reports, and can click here for a list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
South Africa aims to harness the synergies among platinum mining, renewable energy and hydrogen production to become a hydrogen hub. The southernmost African nation plans to deploy 10 gigawatts (GW) of electrolysis capacity in Northern Cape and produce about 500 kilotons of hydrogen annually by 2030.
Currently, global production of low-carbon hydrogen is minimal, according to the International Energy Agency (IEA), as its cost is not yet competitive with other technologies. But a recent report from the National Business Initiative says South Africa could produce green hydrogen for $1.60 per kilogram by 2030, which would be one of the lowest costs worldwide.
Industrial Info is tracking 13 active PGM projects across Africa, totaling US$2.45 billion in value. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for a list of detailed project reports, and can click here for a list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
