Sasol speeding up green hydrogen plans amid Europe’s energy rush

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Europe’s scramble to find new sources of energy to reduce its reliance on Russia has given Sasol Ltd., South Africa’s biggest fuel producer, a new purpose to accelerate its green hydrogen plans.

Sasol is focusing on green hydrogen — made by machines called electrolyzers that are powered by the wind and sun — in South Africa’s northwest coast.

South Africa’s second-biggest polluter didn’t even have a plan to transition to green energy until a little over a year ago, Grobler said.The invasion of Ukraine has Europe searching for new energy sources to starve Russia of funds to fuel the war. Green hydrogen will be an important part of the mix.

Reliance Industries Ltd., controlled by Asia’s second-richest man, Mukesh Ambani, plans to invest $76 billion in such projects. Sasol now wants to avoid making significant investments in natural gas infrastructure such as a planned pipeline that would stretch to fields in northern Mozambique.er said.

 

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