Sasol continues to bet big on renewables with the signing of three new power purchase agreements for renewable energy in its South African operations.<\/p>\n
According to the group, it is committed to reducing its absolute greenhouse gas (GHG) emissions from its South African operations by at least 30% by 2030, off a 2017 baseline.<\/p>\n
Sasol is South Africa’s biggest fuel producer with major influence over the supply of petroleum products in the country.<\/p>\n
The widespread influence of the company was seen in August<\/a><\/strong> last year when a disruption caused Sasol to declare a force majeure on petroleum products at its Natref station.<\/p>\n The shutdown meant that the whole of South Africa’s oil-refinery fleet was out of service as other facilities have had production suspended for years prior.<\/p>\n The group is now adding to its focus, noting that renewable power is a key lever towards its GHG emissions reduction and as part of its transition towards a more sustainable product portfolio.<\/p>\n Sasol and Msenge Emoyeni Wind Farm (Pty) Ltd (Msenge) have now signed a long-term power purchase agreement for the supply of 69MW of wind-powered renewable power to the group’s Sasolburg operations.<\/p>\n This is key in achieving the first production of green hydrogen generated from renewable energy sources at Sasolburg and progressing its ambition to lead the development of a green hydrogen economy in Southern Africa, said the company.<\/p>\n The renewable capacity is anticipated to be operational within the first quarter of 2024.<\/p>\n The group has further engaged with Air Liquide, a French multinational company that produces and supplies industrial gases and services to various industries, by signing two long-term power purchase agreements with Enel Green Power for the supply of a total capacity of 220MW of wind-powered renewable power to its Secunda operations.<\/p>\n “The projects are expected to be operational in 2025. The concluded agreements are the first as part of a joint procurement initiative with Air Liquide and demonstrate Sasol’s commitment to procuring 1 200MW of renewable energy capacity by 2030.”<\/p>\n Financials<\/strong><\/p>\n Sasol’s recent productions and sales metrics for the six months ended 31 December 2022, paint a positive picture for the company, with it remaining well positioned despite the negative impact of weaker global economic growth.<\/p>\n According to the company, its chemicals business continued to face challenging market conditions, including the macro-economic environment downturn, inflationary pressures, Covid-19 impacts in China and sustained higher energy prices in Europe.<\/p>\n “In addition, production and supply chain challenges in South Africa impacted our ability to produce and move product to customers,” Sasol reported.<\/p>\n “Despite these challenges, external sales revenue for H1 FY23 was only 2% lower compared to H1 FY22, driven by lower sales volumes. H1 FY23 sales volumes were 5% lower than H1 FY22, largely due to lower Eurasia volumes, offset by higher sales volumes in America.”<\/p>\n “The average basket price increased by 3% from H1 FY22 but decreased by 14 compared to Q1 FY23 due to the challenging economic environment.”<\/p>\n Read: L<\/a>oad shedding crisis sees South Africa knocking on Karpowership\u2019s door once again<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Sasol South Africa bets big on renewables and reports positive results.<\/p>\n","protected":false},"author":10,"featured_media":658737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[26,2240,17747],"class_list":["post-658727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-headline","tag-sasol","tag-sasolsens"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/658727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=658727"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/658727\/revisions"}],"predecessor-version":[{"id":658759,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/658727\/revisions\/658759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/658737"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=658727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=658727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=658727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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