Energy Demand Spurs Sasol to Accelerate Green Hydrogen Plan

(Bloomberg) — 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.Most Read from BloombergSasol is focusing on green hydrogen — made by machines called electrolyzers that are powered by the wind and sun — in South Africa’s northwest coast. The company is doing a feasibility study that it expects to complete in two years, according to Sasol’s Chief Executive Officer Fleetwood Grobler.“The impetus for renewables like hydrogen has gone up a couple of notches in the last two months,” Grobler said in an interview. “What in my mind changes is that we should move quicker and faster on our hydrogen plays.”The surge in energy demand can help Sasol, which has been converting coal into synthetic products for more than half a century,…

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