South Africa targets auto sector with fuel cell plant

Africa’s first fuel cell component plant using platinum as a catalyst will start production by December aiming to take advantage of rising demand for clean energy cars, officials from Isondo Precious Metals said.

Isondo has secured a license from U.S-based Chemours Technology to assemble components for fuel cells using platinum, which has mainly been used in catalysts to clean up car emissions. South Africa is the world’s top platinum producer and has the largest reserves of the precious metal.

Vinay Somera, chief executive of Isondo Precious Metals, said tax breaks, relatively cheap labor costs and access to raw materials should give the plant a competitive advantage.

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