Sasol Integrated Report 2022 - Book - Page 47
INTRODUCTION | ABOUT SASOL
STRATEGIC OVERVIEW
DELIVERING
CREATING VALUE
GOVERNANCE AND REWARDS
ADMINISTRATION
SASOL CHEMICALS AT A GLANCE
Growing with our unique chemistry
Strategic positioning enabling
Future Sasol
Our Chemicals Business delivered strong results in the
midst of a difficult external environment and laid a solid
foundation upon which we can deliver sustained growth.
We also made good progress on our ambitious sustainability
goals in the way we run our operations and through the
innovative solutions we provide our customers.
Key features
US$10,5 billion annual turnover
Sasol Chemicals is a key pathway for Sasol’s
future growth with a focus on sustainability.
With a well-invested global asset base, a unique
portfolio and technology leadership, Sasol
Chemicals is strongly positioned to deliver
competitive and sustainable returns.
Approximately 4 500 employees
embracing 51 nationalities
(excluding Chemicals SA Ops)
Presence in 17 countries
6 500 customers in 118 countries
Overview
Brad Griffith
Executive Vice President: Chemicals
Sasol Chemicals has advantaged portfolios and
leading positions in markets that align with
powerful socioeconomic megatrends. These include
a growing, urbanising middle class interested in
personal care and health and wellness; increased
customer and end-user demand for more
sustainable and circular solutions; and the need for
innovation to support renewable energy
technologies and the energy transition.
Operating context
Performance was impacted by continued supply
chain challenges and the Russia/Ukraine conflict,
which contributed to higher oil and feedstock prices
and resulted in higher average sales prices for our
products. This was offset by lower sales volumes
caused by reduced production in our South African
operations and delayed exports of some products
due to the flooding in KwaZulu-Natal, South Africa,
as well as COVID-19-related market restrictions
including lockdowns in China. Year-over-year volume
comparisons also reflect the divestments of our
US base chemicals assets in FY21 and our European
wax business in March 2022.
INNOVATION
Sasol Chemicals fulfils Sasol Group’s Purpose of “Innovating for a better world”
by offering a broad, state-of-the-art portfolio of specialty and commodity
chemicals for a wide range of applications and industries. As a global solutions
provider, we make it possible for our customers to create products that add value,
security and comfort to the daily lives of people around the world.
STRONGLY POSITIONED TO DELIVER COMPETITIVE
AND SUSTAINABLE RETURNS
1
2
WELL-INVESTED,
ADVANTAGED
GLOBAL
ASSET BASE
3
EMBRACING
SUSTAINABILITY
UNIQUE
PORTFOLIO AND
TECHNOLOGY
LEADERSHIP
divestiture programme. We recently completed the
sale of the European Wax business and still plan to
sell our sodium cyanide business pending approval
from the South African Competition Commission.
Strategic focus areas
With this critical phase completed, we are in the
“Launching Growth” phase of our strategic roadmap.
We have continued to assess how to execute it in
a way that leverages our strengths in a changing,
competitive market.
During FY20 – FY22, Sasol Chemicals delivered on
its short-term imperatives of aligning our unique
chemistry to sustainable and growing markets,
reducing costs and largely completing our asset
We plan to execute our strategy by extending
our leadership through organic growth, strategic
acquisitions and partnerships. Growth will be
focused on products, solutions and markets
SASOL CHEMICALS STRATEGIC ROADMAP
Deliver short-term
imperatives
FY20
– FY22
SASOL INTEGRATED REPORT 2022
46
FY23
– FY24
Launching
Growth
FY25+
Deliver growth
returns
