Sasol and ArcelorMittal collaborates for green energy production

20 Oct 2022 CW Team

Green hydrogen is a cleaner energy source for the future that is produced by splitting water into hydrogen and oxygen using renewable energy sources such as solar and wind, but the technology is still in its infancy and relatively expensive.

Sasol is the world's largest producer of coal-based fuel products and chemicals, but as part of its decarbonization strategy, it is transitioning away from the fossil fuel. ArcelorMittal is South Africa's largest steel producer, and it has a large carbon footprint.

Both companies aim for net zero carbon emissions by 2050, in line with the South African government's goal of reducing greenhouse gas emissions. According to a statement from Sasol, the two companies will work together to advance green hydrogen and derivatives research on the Saldanha region's potential as an export hub for green hydrogen and derivatives, as well as green steel production.

According to the company, they will investigate the use of renewable electricity and green hydrogen to convert captured carbon from ArcelorMittal's Vanderbijlpark steel plant into sustainable fuels and chemicals.

“These studies are anchored by the local need for green hydrogen and sustainable products, cementing Sasol as the leading contributor to the development of southern Africa’s green hydrogen from its Saldanha works, which are currently under care and maintenance, while also reducing the carbon footprint of its flagship Vandebijlpark works.”

“These potential projects are an important kick start to our decarbonisation journey and create an exciting opportunity to the South African government’s aspirations to transition to a green economy,” said KObus Verster, chief executive of ArcelorMittal South Africa.

Sasol, a South African petrochemicals company, announced that it is collaborating with steelmaker ArcelorMittal South Africa to investigate carbon capture technology and steel production using green hydrogen. Green hydrogen is a cleaner energy source for the future that is produced by splitting water into hydrogen and oxygen using renewable energy sources such as solar and wind, but the technology is still in its infancy and relatively expensive. Sasol is the world's largest producer of coal-based fuel products and chemicals, but as part of its decarbonization strategy, it is transitioning away from the fossil fuel. ArcelorMittal is South Africa's largest steel producer, and it has a large carbon footprint. Both companies aim for net zero carbon emissions by 2050, in line with the South African government's goal of reducing greenhouse gas emissions. According to a statement from Sasol, the two companies will work together to advance green hydrogen and derivatives research on the Saldanha region's potential as an export hub for green hydrogen and derivatives, as well as green steel production. According to the company, they will investigate the use of renewable electricity and green hydrogen to convert captured carbon from ArcelorMittal's Vanderbijlpark steel plant into sustainable fuels and chemicals. “These studies are anchored by the local need for green hydrogen and sustainable products, cementing Sasol as the leading contributor to the development of southern Africa’s green hydrogen from its Saldanha works, which are currently under care and maintenance, while also reducing the carbon footprint of its flagship Vandebijlpark works.” “These potential projects are an important kick start to our decarbonisation journey and create an exciting opportunity to the South African government’s aspirations to transition to a green economy,” said KObus Verster, chief executive of ArcelorMittal South Africa. See also: Adani Group to invest $100 bn in green energy over 10 yrs KKR of US joins Hero Group for $450 mn renewables investment

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Technology

18 Sep 2025

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Infrastructure Urban

18 Sep 2025

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..