SASOL joins concrete chemicals international consortium, focusing on sustainable air transport and cement production

SASOL joins concrete chemicals international consortium, focusing on sustainable air transport and cement production

Global chemicals and energy company Sasol has joined Concrete Chemicals project, an innovative consortium of Sasol’s new business unit Sasol ecoFT, global cement producer CEMEX and German renewable energy company ENERTRAG. The international consortium sets course for climate-neutral cement production by converting CO2 into sustainable aviation fuels (SAF) with use of hydrogen, thus presenting an opportunity for CO2 reduction in both sectors.

The three partners will combine their technical know-how in Germany: Sasol ecoFT will contribute its innovative Fischer-Tropsch technology to produce synthetic and sustainable aviation fuels and ENERTRAG will produce green hydrogen exclusively with energy from regional wind and solar plants. CEMEX will provide another raw material for SAF production by capturing CO2 generated during cement production.

To implement the project, the consortium is preparing European level funding applications.

Said Dr. Helge Sachs, Senior Vice President: Sasol ecoFT, about the business’ first large scale joint venture: “We are extremely pleased to join forces with CEMEX and ENERTRAG. Sasol is proud to be an active member of this consortium that paves the way for climate-neutral cement production and sustainable aviation fuels. We look forward to contribute to decarbonizing aviation with our cutting-edge Fischer-Tropsch technology and fulfill our purpose of innovating for a better world through Sasol’s new business unit ecoFT.”

For more information about Sasol ecoFT, please visit https://www.sasol.com/about-sasol/sasol-ecoft

About Sasol: Sasol Ltd. is a global chemicals and energy company headquartered in South Africa with approximately 29,000 employees in 23 countries. Harnessing unique knowledge and expertise to integrate sophisticated technologies and processes into world-scale operating facilities, Sasol safely and sustainably source, produce and market a range of high-quality products in 23 countries, creating value for stakeholders. Sasol’s purpose “Innovating for a better world” drives delivering on triple bottom line outcomes of People, Planet and Profit, responsibly; always with the intent to be a force for good.

With annual revenues of US$13 billion and a market capitalization of $US11 billion, Sasol’s common shares are traded on the Johannesburg and New York stock exchanges.

Sasol is composed of three business units: Chemicals, Energy, and Sasol ecoFT. Sasol ecoFT brings to customers Sasol’s undisputed global leadership in Fischer-Tropsch technology, backed by 70+ years of experience in producing FT fuels and chemicals, the world’s largest installed FT capacity and unmatched intellectual property portfolio. Sasol ecoFT leverages Sasol’s proprietary technology, know-how and expertise to produce sustainable fuels and chemicals from green hydrogen and sustainable carbon sources, via the Power-to-Liquids (PtL) process.

About CEMEX: CEMEX is a global building materials company that provides high-quality products and reliable services. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. CEMEX participation is key in the project as the CO2 used as feedstock will be captured.

About ENERTRAG: ENERTRAG is a renewable-energy company based in Brandenburg, Germany. ENERTRAG develops, builds, owns and operates utility-scale integrated energy plants in ten countries globally. ENERTRAG’s plants produce reliable electricity and green hydrogen exclusively from wind and sun. This is also the company’s role in the Concrete Chemicals consortium.

Sasol may, in this document, make certain statements that are not historical facts that relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves and cost reductions, including in connection with our BPEP, RP and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend”, “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2018 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
 
Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference to a calendar year is prefaced by the word “calendar”. 

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