Sibanye-Stillwater and Savant Venture Fund fuel clean hydrogen revolution in South Africa with investment in BurnStar Technologies
Sibanye-Stillwater, a multinational mining and metals group with a diverse portfolio of projects and investments across five continents, and Savant Venture Fund, a leading sustainable technology and engineering investment firm, are proud to announce their strategic investment in BurnStar, a pioneering South African clean hydrogen company. This collaboration marks a significant milestone in South Africa’s journey toward a sustainable energy future, centered around the production of Guilt–Free (Turquoise) Hydrogen™.
BurnStar is at the forefront of South Africa’s hydrogen transition, leveraging its cutting-edge patented liquid metal reforming process for the production of hydrogen. This innovative technology allows BurnStar to convert Methane, LNG, or LPG feedstock through methane pyrolysis into high-purity hydrogen, with near-zero carbon dioxide emissions. As a result, BurnStar is paving the way for a more sustainable, low-carbon hydrogen future.
Sibanye-Stillwater, whose vision is to safeguard global sustainability through their metals, recognises the opportunity of hydrogen as a clean energy source to drive the decarbonisation of high-emitting and hard-to-abate industries. Through Sibanye-Stillwater‘s iXS programme, Powered by Savant, the investment into BurnStar reinforces its dedication to global sustainability and supports South African innovation that has global application.
Savant Venture Fund, with its focus on investments in transformative technologies, sees BurnStar’s innovative approach to clean hydrogen production as a game-changer in the global energy landscape. This investment underscores Savant Venture Fund’s mission to accelerate the adoption of sustainable technologies.
“We are thrilled to be investing in Johan Brand and his team as they commercialise what we believe to be a world leading technology in clean hydrogen production. The BurnStar solution has strong commercial promise in both industrial processing application and clean energy storage. This investment will demonstrate the first step towards paving the way for guilt-free hydrogen™ applications both locally and internationally!” – Francois Malan, Partner at Savant.
About BurnStar Technologies
BurnStar Technologies is a trailblazing innovator in the field of clean, low-cost hydrogen production technology. BurnStar specialises in research and development of novel technology concepts and holds patents in specialised gas processing fields. For further inquiries or media outreach, please reach out to David de Mattos, Director of BurnStar Technologies – [email protected]. For more information refer to www.burnstar.co.za.
Savant’s science and engineering incubation and venture capital arms help technology businesses from product development through to scale. Savant’s mission is to invest in African hardware and deep technology companies, underpinned by science and engineering innovations, and providing founders with an ecosystem to market-test their domestic innovations, internationally. For more information refer to www.savant.co.za.
Sibanye-Stillwater is a multinational mining and metals processing group with a diverse portfolio of operations, projects and investments across five continents. The Group is also one of the foremost global recyclers of PGM autocatalysts and has interests in leading mine tailings retreatment operations.
Sibanye-Stillwater has established itself as one of the world’s largest primary producers of platinum, palladium, and rhodium and is a top tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper and cobalt. The Group has recently begun to build and diversify its asset portfolio into battery metals mining and processing and is increasing its presence in the circular economy by growing and diversifying its recycling and tailings reprocessing operations globally. For more information refer to www.sibanyestillwater.com.