Gift an article

The future of ArcelorMittal's Saldanha plant rests on green hydrogen

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
ArcelorMittal's mothballed plant in Saldanha Bay.
ArcelorMittal's mothballed plant in Saldanha Bay.
Lameez Omarjee

ArcelorMittal's mothballed Saldanha plant could produce steel again – using green hydrogen – but the full potential of this opportunity is to be determined by studies.

Ahead of the South Africa's inaugural green hydrogen summit, ArcelorMittal hosted a tour of its facilities – attended by officials such as Deputy Minister in the Presidency Pinky Kekana; Public Works and Infrastructure Minister Patricia de Lille; and the respective premiers of the Western Cape and Northern Cape, Alan Winde and Zamani Saul.

The Saldanha plant had been mothballed roughly two years ago owing to challenges with accessing low-cost electricity, logistics and iron ore important for the sustainability of the business. Placing the plant in "care and maintenance" has had a knock-on effect on other businesses and contractors in the steel value chain. "This is why it is imperative, and ArcelorMittal sees it as important to find a new and sustainable business model and create jobs again in this West coast economy," said Aldrich Louis, general manager of the plant.

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Try FREE for 14 days
Already a subscriber? Sign in
Rand - Dollar
17.20
-0.1%
Rand - Pound
21.30
+0.1%
Rand - Euro
18.70
-0.1%
Rand - Aus dollar
12.22
+0.0%
Rand - Yen
0.13
-0.0%
Platinum
1,012.08
0.0%
Palladium
1,618.86
0.0%
Gold
1,928.39
0.0%
Silver
23.60
0.0%
Brent Crude
86.66
-0.9%
Top 40
74,766
+0.4%
All Share
80,791
+0.4%
Resource 10
77,871
-0.4%
Industrial 25
103,872
+0.7%
Financial 15
16,281
+0.6%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders