Sasol Integrated Report 2023 - Book - Page 64
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
PERFORMANCE
GOVERNANCE AND REWARDS
SASOL ecoFT AT A GLANCE // CONTINUED
ADMINISTRATION
PROGRESSING A SUSTAINABLE FUTURE SASOL
Exploring new value pools
Joint venture established with Topsoe*
We accelerated the exploration
of new value pools to
strengthen our competitive
advantage. We also established
several new key relationships
with players across the value
chain. Our focus is to create
a diversified and resilient
portfolio of SAF asset
opportunities in attractive
geographies with competitive
feedstock offerings. These
include abundant renewable
energy and supportive
regulatory dispensations.
We are pursuing prefeasibility
studies in the United States
and feasibility studies in Europe
to accelerate the development
of SAF asset opportunities
and to support our proprietary
FT technology. Managing capital
demands and mitigating risk
exposure, Sasol ecoFT has
from inception focused on
pursuing partnerships
through co-ownership models,
coupled with grant funding for
the development and execution
of projects.
Sasol and Topsoe, leaders in greenhouse gas
emission reduction technologies, signed a
landmark agreement to establish a 50/50 joint
venture, solidifying a commitment to produce SAF
and contribute to global efforts in combatting
climate change. The joint venture* will go beyond
the unique combination of technologies,
capabilities and deep industry experience, to lay
the foundation for industrial-scale SAF production
facilities.
The aspiration is to develop, build, own and
operate SAF assets and market sustainable
aviation fuels derived primarily from non-fossil
feedstocks, utilising green hydrogen, sustainable
sources of CO2 and/or biomass with a specific
focus on Sasol’s FT and Topsoe’s related
technologies.
The joint venture will seek partnerships with
feedstock suppliers, technology and service
providers, and long-term customers to develop
projects in geographies with favourable policy
and regulatory environments.
* Subject to approval by relevant authorities
The Inflation Reduction Act (IRA)
In the United States, we prioritised a number of new
opportunity assessments based on the supportive
regulatory landscape emanating from the Inflation
Reduction Act (IRA). These included power-to-liquids
and biomass power-to-liquids FT opportunities.
The IRA lowers the costs of adopting clean
technologies and accelerates the deployment of clean
electricity generation, electric vehicles and several
emerging technologies, including carbon capture and
hydrogen. We are considering an early United States
SAF market entry play, using hydroprocessed esters
and fatty acids (HEFA) technology.
Expanding licensing structures
We signed several ‘Single Point Licence studies’ with third parties for our FT and Topsoe’s hydrocracking
technology solutions. One opportunity in Denmark entered the front-end engineering phase.
SASOL INTEGRATED REPORT 2023
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