South Africa’s $5.8 billion gamble could reshape global shipping and energy markets

Repost of article

Business Insider Africa / 19-05-2024

South Africa’s $5.8 billion Hive Hydrogen project has moved closer to production after selecting a $1 billion green ammonia and electrolyser solution.

The developers say the Nelson Mandela Bay facility could produce some of the world’s cheapest green ammonia as global demand for cleaner shipping fuels rises.

Backed by massive wind and solar infrastructure, the project is attracting attention amid a global surge in hydrogen investment led by China, Europe, and North America.

Analysts say the development could strengthen South Africa’s position in the fast-growing global clean energy and industrial fuel market.

Leave a comment