JOHANNESBURG, Sept. 2,
2022 /PRNewswire/ -- Sasol and ITOCHU Corporation
have signed a Memorandum of Understanding (MoU) 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
project(s), including product offtake as well as financial support
from Japan for studies and grants
relating to green ammonia projects in South Africa.
The MoU has been signed during the Tokyo International
Conference on African Development (TICAD 8) in Tunisia, which is a forum to advance
Japan-Africa sustainable development on the continent.
MUFG Bank Ltd, one of the largest Financial Institutions in the
world, and a market leader in sustainable financing solutions,
witnessed the signing of the MoU.
Green ammonia is produced from green hydrogen, which in turn is
produced from renewable electricity (solar and wind) via an
electrolysis process. It is a key enabler to achieving net-zero in
manufacturing fertilizers, in the marine sector where it can be
used as a zero-carbon bunkering fuel, and for co-firing in thermal
power generation. Green ammonia is an excellent energy carrier
especially over long-distances and can be easily transported. The
product can also be "cracked" back to hydrogen gas for further
applications.
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.
Hydrogen and ammonia play an important role in the Japanese
Green Growth Strategy and are positioned as "new resources" with
significant potential to reduce the country's reliance on
carbon-intensive fossil fuels, such as coal and oil. Japan is expected to be a large importer of
green ammonia in the future.
Sasol Executive Vice President: Energy Business, Priscillah
Mabelane, said that Sasol believes that strategic partnerships and
collaboration are the key to develop large scale green hydrogen
projects, and that this emerging sector can play an important role
in enabling a just energy transition in South Africa.
"Sasol is excited about our collaboration with ITOCHU to unlock
South Africa's significant
potential as a large-scale producer of green hydrogen and ammonia.
This marks yet another milestone in our ambition to lead the energy
transition in South Africa through
decarbonisation, while stimulating industrial development."
ITOCHU has been strengthening initiatives for the establishment
of production and supply chains for low-carbon ammonia, the
development of ammonia-fueled ships and establishment of an
international value chain for ammonia as a fuel in the marine
sector and its use for fertilizer-related applications as well as
in the power-generation sector. Using the MoU as a platform,
ITOCHU, together with Sasol, will jointly study supply chains and
markets for green ammonia, and assess other partnership models
related to green hydrogen and ammonia production and exports from
South Africa.
MUFG Bank, Ltd (MUFG) witnessed the signing of the MoU. Mr
Takanori Sazaki – Senior Executive
Officer, Regional Executive Officer EMEA said: "MUFG is committed
to empowering a brighter future and are proactive in addressing
climate change and environmental protection issues. As the first
Japanese Bank to declare carbon neutrality and participate in the
UN-led Net Zero Banking Alliance (NZBA), this MoU aligns with our
commitment of achieving Carbon Neutrality by 2050. We
were very pleased to witness the signing of this MoU between Sasol
and ITOCHU – not only because both companies are our important and
long-standing clients, but also because the envisaged cooperation
deals with green hydrogen and ammonia, which we believe will play a
key role in establishing a low-carbon society".
Issued by:
Alex Anderson, Senior Manager:
Group Media Relations and External Relations
Mobile: +27 (0) 71 600 9605; Email: alex.anderson@sasol.com
Matebello Motloung, Manager: Group Media Relations
Mobile: +27 (0) 82 773 9457; Email:
matebello.motloung@sasol.com
About Sasol:
Sasol is a global chemicals and energy company. We harness our
knowledge and expertise to integrate sophisticated technologies and
processes into world-scale operating facilities.
We strive to safely and sustainably source, produce and market a
range of high-quality products globally.
Please visit www.sasol.com for more information.
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