Posted: October 5, 2023
The Atlantis Special Economic Zone, which is based in Cape Town, will soon be home to a new gas plant that will add discernible impetus to the country’s beneficiation, localisation, employment creation and export revenue generation imperatives.
The R20 million-rand acetylene gas manufacturing facility is being built by Iconic Gases, a company that specialises in industrial and speciality gasses, as well as equipment for projects in the oil and gas, offshore and engineering, procurement and construction environments.
The investment pledge was made at the fifth South African Investment Conference that was hosted by President Cyril Ramaphosa in Johannesburg in April this year. Pledges made at the conference contributed in bringing the total value of investment pledges over a five-year investment mobilisation period to R1.51 trillion, thereby exceeding the initial target of R1.2 trillion set by President Ramaphosa.
According to the Chief Executive Officer of Iconic Gases, Mr Dean Pillay, the construction of the an acetylene gas manufacturing plant is at an advance stage.
“Construction has been taking place for some time and we are satisfied with the pace. As things stand, we are well-positioned to meet our commissioning target of January 2024 when we will be ready to commence production,” says Pillay.
He adds that some of the gas that will be produced in Cape Town will be exported to a number of the Southern African Development Community including Namibia, Angola and Malawi.
Bongani Lukhele – Director: Media Relations
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Issued by: The Department of Trade, Industry and Competition (the dtic)
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