PNE and SET want to produce and market e-fuels from hydrogen in South Africa

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500,000 tons of e-fuels per year produced from wind and solar energy / Memorandum of understanding to collaborate on economic feasibility

The PNE Group and S.E.T. Select Energy GmbH (SET) want to jointly produce synthetic fuels from renewable energies (e-fuels) in South Africa and market it. The two companies signed a corresponding memorandum of understanding today in Hamburg. The project on the west coast of South Africa is expected to generate up to 500,000 tons of e-fuels per year from green hydrogen produced via electrolysis. The electrolyser with a nominal capacity of 1 GW is powered by energy from wind farms and photovoltaic plants. Markus Lesser, PNE's Chief Executive Officer, comments the signing of the memorandum of understanding: "We are... ... More: Official Press Release PNE AG

Keywords:

PNE, SET, e fuels, South Africa, MoU, collaboration, economy, feasibility, wind, solar energy, green, hydrogen, production, renewable energy