root - September 12, 2023

Investment is a boost for renewable energy hub

Staff Reporter

The Atlantis Special Economic Zone has a new investor in acetylene gas manufacturer Quantum V3.

In addition, nutritional company Mint and Honey, which focusses on addressing food security in the Agro-Processing sector, has also committed to investing in the Atlantis Special Economic Zone Company (ASEZCo).

On Monday ASEZCo’s marketing and events coordinator Hlumela Nama announced the entity had made a dual investor win, paving the way for growth and innovation in the region.

Nama stated that in securing its first two investors, ASEZCo had made a major stride towards its goal of becoming the leading hub for renewable energy and greentech manufacturing.

The partnership with Quantum V3 Holdings, she stated, is a testament to the attractive business environment ASEZCo offers its tenants. 

“The company’s state-of-the-art factory, scheduled for completion by November 2024, is set to become a cornerstone of economic activity within the Atlantis Special Economic Zone. This collaboration not only bolsters the local economy but also signifies the growing confidence in Atlantis as a prime destination for industrial investment,” stated Nama.

The City’s mayco member for economic opportunities, James Vos, stated investment and job growth coming through at the Atlantis SEZ perfectly highlighted the opportunities of the green economy. 

“The city looks forward to welcoming many more small businesses and Capetonians to be part of this booming market. We are proud to be a part of an initiative that will help to meet the metro and province’s existing and future energy demands and that is an example to the rest of South Africa,” stated Vos.

ASEZCo’s Jarrod Lyons stated these investments are a great example of how the special economic zone creates suitable platforms for companies interested in operating in the greenest way possible.  

Lyons  stated ASEZCo was well positioned to accommodate any manufacturer wanting to tap into the rapid and sustained growth of green technology imports into South Africa.

“We have embarked on a journey to develop a manufacturing cluster to attract solar, inverter, battery and wind turbine component manufacturers,” stated Lyons.

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