Sasol Integrated Report 2022 - Book - Page 51
INTRODUCTION | ABOUT SASOL
STRATEGIC OVERVIEW
DELIVERING
CREATING VALUE
GOVERNANCE AND REWARDS
ADMINISTRATION
SASOL ENERGY AT A GLANCE (CONTINUED)
Leading the energy transition in Southern Africa (continued)
Sasol Energy’s ambition is to lead the energy transition in Southern Africa through three strategic pillars:
our existing
operations
2022 delivery
Key milestones to 2030
Significantly reduce our
GHG emissions through:
• Integrating renewables into
our operations
Advanced procurement
of renewable energy
Secure additional gas as
transitional feedstock
• Energy efficiency
Extended the gas supply
plateau from existing
reserves in Mozambique
• Transition to low-carbon
feedstocks
Progressed term sheets
to secure LNG**
Procure 1 200 MW of
renewable energy for our
South African operations
by 2030
Developed a fine coal
briquetting technology
• Ensure safe and reliable
operations
Preserve
value
• Maximise value delivery from our
strong asset base and technology
advantage through Sasol 2.0
• Unlock full potential of mobility
and commercial sectors by
building capabilities and
partnerships, and maintain
our customer-centric approach
• Play a leading role in shaping and
orchestrating the green hydrogen
economy for South Africa
Grow new
value pools
• Produce first green hydrogen
from existing assets
• Strategic partnering to progress
in mega-scale green hydrogen
projects
RCR 0,27 – five fatalities
Zero Harm
Launched Sasol Rewards
loyalty programme
EBITDA uplift > R7 billion
by 2025
Grew market share in
mobility and commercial
sales channels
Grow mobility and
commercial market share
by 5 – 10 % by 2030
Signed an agreement
for a pre-feasibility study
of a mega-scale green
hydrogen project
Concluded FID*
on a green hydrogen
production project
in Sasolburg
Advancing our gas production in Mozambique
We made significant progress at our operations in
Mozambique where gas production is planned to come
off plateau in 2028. The PPA drilling campaign was
executed safely amid COVID-19, within cost and
schedule. The team completed four wells with very
positive results. The drilling campaign continues in 2023
to extend drilling in other areas adjacent to the existing
fields, to ensure security of supply to South Africa.
2023 PRIORITIES
Yield green hydrogen and
related application by 2023
▪ Increased EBITDA above 100% compared to the
prior year
▪ Various partnerships to deliver new value pools
▪ Exceeded Sasol 2.0 targets for 2022
▪ Completed asset divestment programme
▪ Launched Sasol Rewards programme
▪ Donated food and medical supplies to fenceline
communities after KwaZulu-Natal floods
SUSTAINABILITY
• Strive for Zero Harm
• Establish and advance 2030
roadmap to reduce GHG scope 1
and 2 emissions by 30%
• Embed the HSI programme
with focus on process safety
Produce aviation fuels
with production partners
by 2026
BUILD A HIGH PERFORMING TEAM
• Entrench a values-driven
culture
Deliver green hydrogen
for export by 2030
We remain relentless in our continued commitment
to pursuing Zero Harm as an operational reality.
Our concerted efforts are predominantly anchored
in our HSI programme and embedding and
maturing on critical SHE and operational processes.
Regrettably, we lost four colleagues in this
reporting period in work-related incidents –
three at Sasol Mining, one at Secunda Operations.
Our recordable case rate increased to 0,27 from
0,26 in 2021. The fires, explosions and releases
severity rate improved by 24% to 2,9 compared
to 3,8.
• Stable and reliable operations
to deliver budgeted volumes
• Secure incremental
sustainable gas
CUSTOMER FOCUSED
• Produce green hydrogen
in calendar 2023
• Preferred energy brand
in Southern Africa
• Finalise pre-feasibility study
deliverables on Boegoebaai
• Develop compelling customer
value proposition through
convenience partnerships
• Play a leading role in South
Africa’s Just Transition
• Enhance Social Investment
and sponsorship programmes
SASOL INTEGRATED REPORT 2022
50
• Advance the low-carbon
energy portfolio of projects
• Deliver Sasol 2.0
• Grow diversity and inclusion
Safety
• Deliver on commitments to
stakeholders and communities
DELIVERY
• Build skills and capabilities
to improve competitiveness
* Final investment decision
HIGHLIGHTS
SAFETY
• Verify critical control
effectiveness through
leadership assurance
PEOPLE
STRATEGIC PILLAR
** Liquified natural gas
In line with our strategic objectives, we completed the
divestment of our interest in the Central Térmica de
Ressano Garcia gas-fired power station in April 2022
and 30% of our interest in Republic of Mozambique
Pipeline Investments Company in June 2022. In July 2021
we closed the divestment transaction of all our shale
gas interests in Canada.
• Finalise procurement contracts
for renewable energy
PROFIT
Decarbonise
Ambition
Delivering on our asset divestment programme
PLANET
STRATEGIC FOCUS AREAS (continued)
