South Africa Targets Fuel Cell Plant

South Africa Targets Fuel Cell Plant

South Africa will start production from its first fuel cell component plant in December 2017 to accommodate the rising demand for clean energy cars in the country, reported Reuters.

The new plant will produce fuel cells using platinum as a catalyst to clean up car emissions. According to BusinessTech,  this will affirm South Africa’s position as the world’s top platinum producer.

Isondo was looking at venture capital funds and other investors to help to raise around $9m needed over the next two years to expand its production line.

Isondo Precious Metals secured a license from the US based Chemours Technology company in order to master constituents for fuel cells.

Sarah Samir 2752 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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