French energy multinational Engie says that South Africa is ideally positioned, by virtue of its solar and wind endowments, to emerge as a global leader in the production of green hydrogen and derivative carbon-neutral fuels and chemicals, which could generate domestic and export revenues worth billions while creating thousands of new jobs. Engie Africa Power and Gas senior hydrogen solutions developer Koen Langie told participants at a Nedbank webinar this week that South Africa’s domestic market for green hydrogen could be worth $10-billion a year, underpinned by demand from the mining and minerals, steel, transport and petrochemicals sectors.
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