PROJECT SCORPION
DESCRIPTION OF THE PROJECT:
The project is led by Keren Hydrogen, a joint venture between Grindrod (50%) and Keren Energy (50%).
The proposed pilot commercial project (Project Scorpion) is to develop and construct a commercial-scale green hydrogen production plant in the Western Cape of South Africa in Vanrhynsdorp.
Keren Hydrogen believes in a small-scale distributed green hydrogen production model, developing sites within proximity to the end users for the local SA market.
INVESTMENT PURPOSE AND ALLOCATION
The project CAPEX is estimated at USD30 million. The investment can be either grant funding, debt funding or equity funding. Grant funding will help reduce the cost of the final product.
LOCATION
VanRhynsdorp, Western Cape, Southern Africa
SECTOR
Renewable energy – Green Hydrogen
STAGE
The proof of concept is complete as well as the pre-feasibility.
The project is now in bankable feasibility stage.
INVESTMENT REQUIRED
10-50m USD
Existing partners & commitments
Keren Energy Group Holdings
Keren Hydrogen
Grindrod
University of Western Cape
Address
VUKA Group
Ground Floor, Ebden House, Belmont Park, Rondebosch. 7700, Cape Town, South Africa
Contact
+27 (0)21 700 3500
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