|This article needs additional citations for verification. (December 2012)|
|Traded as||NYSE: SSL
|Industry||Oil and gas
|Headquarters||Johannesburg, South Africa|
|Key people||David Constable (CEO)|
|Operating income||US$4.72 billion|
|Net income||US$3.11 billion|
Sasol Limited is an integrated energy and chemical company based in Johannesburg, South Africa. The company was formed in 1950 in Sasolburg, South Africa. It develops and commercialises technologies, including synthetic fuels technologies, and produces different liquid fuels, chemicals and electricity.
Sasol is listed on the Johannesburg Stock Exchange and the New York Stock Exchange. Major shareholders include the South African Government Employees Pension Fund, Industrial Development Corporation of South Africa Limited (IDC), Allan Gray Investment Counsel, Coronation Fund Managers, and Investment Asset Managers, among others. Sasol employs approximately 34,000 people worldwide and has operations in 38 countries. It is the largest corporate taxpayer in South Africa.
- 1 Operations
- 2 Technology
- 3 Social investments and sponsorship
- 4 Controversies
- 5 See also
- 6 References
- 7 External links
Sasol has exploration, development, production, marketing and sales operations in 38 countries across the world, including Southern Africa, the rest of Africa, the Americas, Europe, Middle East, Northern Asia, Asia, Southeast Asia, Far East, and Australasia.
The Sasol group's structure is organised into four focused business clusters: South African energy cluster, international energy cluster, chemical cluster and other businesses.
South African energy cluster
The South African energy cluster comprises the businesses upon which Sasol was founded. It supplies around a third of South Africa's inland liquid fuel requirements. In June 2014 the company entered into a joint venture with Eni to explore 82,000-km2 offshore of South Africa's east coast for hydrocarbons. Under the terms of the deal Eni acquired a 40% interest in the exploration permit and was handed operational rights.
International energy cluster
Made up of two part, the International energy cluster comprises Sasol Synfuels International and Sasol Petroleum International.
The international energy cluster is the driver of Sasol's international growth aspirations. Sasol Synfuels International supports the group's existing and future international gas to liquids (GTL) and coal to liquids (CTL) facilities. Sasol Petroleum International explores and produces upstream resources to secure feedstocks for Sasol's downstream technologies.
Made up of Sasol Polymers, Sasol Solvents, Sasol Olefins & Surfactants, Sasol Wax, Sasol Nitro, Sasol Infrachem and Merisol.
In South Africa, the chemical businesses are integrated in the Fischer-Tropsch value chain. Outside South Africa, it operates chemical businesses based on backward integration into feedstock and/or competitive market positions.
Sasol New Energy develops and commercialises new technologies, and implements and operates facilities based on these technologies, to pursue growth in power generation and low-carbon and renewable energy alternatives.
Sasol Financing manages the group's central treasury.
Sasol Technology focuses on research and development, technology management and innovation, engineering services and project management.
The proposed ethane cracker and derivatives plant and integrated GTL and chemicals facility in Westlake, Lake Charles, Louisiana, is the largest foreign investment in the history of the State of Louisiana.
The Oryx GTL plant in Qatar is a joint venture between Sasol and Qatar Petroleum, launched in 2007. The more than 32,000 barrels per day (5,100 m3/d) plant produces a combination of GTL diesel, GTL naphtha and liquid petroleum gas.
This gas project came into operation in 2004, and is a joint venture agreement between Sasol Petroleum International, Empresa Nacional de Hidrocarbonetos (ENH), and the International Finance Corporation. Sasol is developing a 140 MW gas-fired electricity generation plant in partnership with power utility EDM.
The Sasol Slurry Phase Distillate Process (SPD process) transform natural gas into energy and chemical products, including transport fuels, base oils, waxes, paraffins and naphtha. The three stage process combines three proprietary technologies. Natural gas is combined with oxygen to form a syngas which is then subjected to a Fischer-Tropsch conversion, resulting in waxy syncrude. Finally, this is cracked down to produce the end product.
Social investments and sponsorship
Sasol devotes most of its sponsorship investment in South Africa to Sports. Among others, Sasol sponsors South Africa's national teams, including:
- The South Africans Women's Football team – Banyana Banyana
- The South African Paralympics team
- The South African Men's National Wheelchair Basketball team
Sasol also sponsors the annual Sasol Rally, the Sasol New Signatures art competition, the Black Tie Ensemble, the South African National Youth Orchestra, and the Techno X Festival of Science, Engineering and Technology.
Environmental conservation programmes, on the other hand, focused on:
- Wild dogs, vultures and ground hornbills
- The support of educational programmes including natural history publications
- Birding related projects
Sasol also supports the following corporate initiatives:
- Nepad Business Foundation
- Business Trust
- Black Management Forum
In 2009 Sasol agreed to pay an administrative penalty of R188 million as part of a settlement agreement with the Competition Commission of South Africa for alleged price fixing, in which a competitor alleged that Sasol was abusing its dominance in the markets for fertilisers by charging excessive prices for certain products.
Sasol also had to pay a €318 million fine to the European Commission (EC) in 2008, which is about R3.7 billion, for participating in a paraffin wax cartel. Despite its indication that it would appeal the fine amount, the full amount had to be paid to the EC within three months of the fine being issued.
||This article has an unclear citation style. (April 2013)|
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- "Sasol and Louisiana". The Wall Street Journal. 3 December 2012.
- Krauss, Clifford (3 December 2012). "Sasol Plans First Gas-To-Liquids Plant in US". New York Times.
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- "Sasol eyes Uzbek GTL project". Brand South Africa. 9 April 2009. Retrieved 18 July 2009.
- "Petronas signs Uzbek GTL pact". Upstream Online (NHST Media Group). 8 April 2009. (subscription required). Retrieved 18 July 2009.
- "Malaysia's Petronas in Uzbekistan oil-production deal". Reuters. 14 May 2009. Retrieved 18 July 2009.
- . SASOL http://www.sasol.com/sasol_internet/downloads/WEF_Moz_case_study_1273134130298.pdf. Missing or empty
- "GTL Technology". SASOL.
- "SPD Process Citation".
- "Sasol sponsors Banyana Banyana - South Africa's Women's Soccer Team - video". YouTube.
- "Sasol expands sponsorship to include Team South Africa". Sports Pro Media.
- "Sasol gets behind Banyana Banyana, Wheelchair Basketball teams through its 'with you' campaign".
- http://www.sasol.com/sasol_internet/motor/motor_news_sasol_rally.jsp. Missing or empty
- http://www.sasol.com/sasol_internet/frontend/signature/sig_index.jsp. Missing or empty
- "Classical and Strings: Black Tie Ensemble".
- "Principal supporter – Sasol". SANYO.
- SASOL Birds of Southern Africa bird field guide
- "Sasol Nitro Settlement and Competition Law Compliance Review". 20 May 2009.
- "Competition-related fines dent 2009 profit figures". 23 October 2009.
- "Sasol faces R3,7bn price fixing pentaly". 2 October 2008. Archived from the original on 21 April 2014.
|Wikimedia Commons has media related to Sasol.|
- Sasol Official website
- How Nazi Germany and apartheid South Africa perfected one of the world's most exciting new fuel sources. Slate Magazine
- Google Maps view of Sasol's Secunda plant
- SciFest Africa, part of Sasol's investment in science education in South Africa
- Sasol suffers shareholder fury at AGM over e318m EU fine
- Activist shareholder turns the screws on Sasol
- Fury at Sasol's AGM over price-fixing fine
- Greenpeace Sues Sasol for Corporate Espionage – video report by Democracy Now!