Sasol Integrated Report 2022 - Book - Page 50
INTRODUCTION | ABOUT SASOL
STRATEGIC OVERVIEW
DELIVERING
CREATING VALUE
GOVERNANCE AND REWARDS
ADMINISTRATION
SASOL ENERGY AT A GLANCE
Leading the energy transition in Southern Africa
Strategic positioning enabling
Future Sasol
asol Energy is driving the transformation of the
S
South African energy economy. We see a clear path
to support the country by reducing our greenhouse
gas emissions, accelerating the transition to lowcarbon feedstocks and shaping the green hydrogen
economy while securing energy supply.
Simon Baloyi
Executive Vice President:
Energy Operations and
Technology
Sasol Energy enables Sasol to capitalise
on the global energy transition, and lead
the transition in South Africa. Through our
talented people, proprietary technology,
digitalisation, integrated value chain
and strategic partnerships, we are strongly
positioned to deliver competitive, sustainable
returns and solutions to our customers.
Operating context
Energy markets are fundamentally shifting
towards low-carbon and are impacted by
ongoing supply chain challenges and geopolitical
tensions. The crude oil price and refining margins
increased as a direct result of the Russia/Ukraine
conflict and its impact on Russian product exports
(primarily diesel).
In leading the energy transition, we give life to Sasol’s Purpose by growing a broad
range of low-carbon and sustainable energy solutions to our customers and unlocking
new value chains to decarbonise and grow the South African economy.
In South Africa this has been exacerbated by
profound shifts in liquid fuels supply capability
with the shutdown of SAPREF and Engen’s refinery,
as well as consumers overwhelmed by frequent
loadshedding. Sasol Energy played a pivotal role
when the country was in dire need of energy.
Through our Natref facility we supplied jet fuel
to OR Tambo International Airport avoiding a stock
out, and continue to generate our own electricity
for use in our operations and to supply Eskom.
We continue with exploration and drilling activities in
Mozambique to ensure a sustainable gas supply to
external customers and our own operations,
particularly as we transition to low-carbon
operations.
SASOL INTEGRATED REPORT 2022
R52,6 billion direct and indirect taxes
paid in South Africa
~ R55,8 billion preferential procurement
Total turnover ~
R115 billion
(including Chemicals SA Ops and Mining)
We are uniquely positioned to convert a wide
range of feedstocks into diverse product pools
enabling us to deliver on the changing integrated
energy needs of our customers, leveraging our
positions in mining and gas as well as our facilities
in Secunda, Sasolburg and Natref. Combined
with South Africa’s world-leading endowment of
renewable resources, this enables us to offer all
South Africans a vision of a just, low-carbon,
more sustainable energy future while putting
South Africa on a competitive footing in taking
its rightful place in the global energy transition.
INNOVATION
Significant contributor to GDP and leading
corporate taxpayer in South Africa
~ 20 000 employees
Overview
Priscillah Mabelane
Executive Vice President:
Energy Business
Key features
49
POSITIONED TO DELIVER SUSTAINABLE RETURNS
AND LOW-CARBON SOLUTIONS TO OUR CUSTOMERS
1
2
3
DECARBONISE
OUR EXISTING
OPERATIONS
PRESERVE
VALUE
GROW
NEW VALUE
POOLS
STRATEGIC FOCUS AREAS
From 2020 to 2022, several steps were taken to reset
and position the Energy Business for long-term success
including resizing the portfolio through divestment of
non-core assets, delivering on Sasol 2.0, growing the
mobility and commercial businesses which will position
us to extend our market leadership to 10% by 2030,
and building of key capabilities.
We have made significant progress on execution of our
2030 GHG roadmap most notably, signing of key terms
to procure renewables exceeding 600 MW for delivery
in 2025 or earlier, approving of capital and advancing
of term sheets to secure LNG.
We are shaping the development of South Africa’s green
hydrogen ecosystem, which includes applications in fuel
cell hydrogen mobility, reigniting the steel industry and
creating a global sustainable aviation hub at OR Tambo
International Airport. The re-purposing of existing assets
presents opportunities to fulfil the growing demand for
sustainable products.
We are also leading pre-feasibility studies on greenfield
hydrogen mega projects including Boegoebaai.
