INTRODUCTIONABOUT SASOLSTRATEGIC OVERVIEWCREATING VALUEPERFORMANCEGOVERNANCE AND REWARDSSASOL ecoFT AT A GLANCE // CONTINUEDADMINISTRATIONPROGRESSING A SUSTAINABLE FUTURE SASOLExploring new value poolsJoint venture established with Topsoe*We accelerated the explorationof new value pools tostrengthen our competitiveadvantage. We also establishedseveral new key relationshipswith players across the valuechain. Our focus is to createa diversified and resilientportfolio of SAF assetopportunities in attractivegeographies with competitivefeedstock offerings. Theseinclude abundant renewableenergy and supportiveregulatory dispensations.We are pursuing prefeasibilitystudies in the United Statesand feasibility studies in Europeto accelerate the developmentof SAF asset opportunitiesand to support our proprietaryFT technology. Managing capitaldemands and mitigating riskexposure, Sasol ecoFT hasfrom inception focused onpursuing partnershipsthrough co-ownership models,coupled with grant funding forthe development and executionof projects.Sasol and Topsoe, leaders in greenhouse gasemission reduction technologies, signed alandmark agreement to establish a 50/50 jointventure, solidifying a commitment to produce SAFand contribute to global efforts in combattingclimate change. The joint venture* will go beyondthe unique combination of technologies,capabilities and deep industry experience, to laythe foundation for industrial-scale SAF productionfacilities.The aspiration is to develop, build, own andoperate SAF assets and market sustainableaviation fuels derived primarily from non-fossilfeedstocks, utilising green hydrogen, sustainablesources of CO2 and/or biomass with a specificfocus on Sasol’s FT and Topsoe’s relatedtechnologies.The joint venture will seek partnerships withfeedstock suppliers, technology and serviceproviders, and long-term customers to developprojects in geographies with favourable policyand regulatory environments.* Subject to approval by relevant authoritiesThe Inflation Reduction Act (IRA)In the United States, we prioritised a number of newopportunity assessments based on the supportiveregulatory landscape emanating from the InflationReduction Act (IRA). These included power-to-liquidsand biomass power-to-liquids FT opportunities.The IRA lowers the costs of adopting cleantechnologies and accelerates the deployment of cleanelectricity generation, electric vehicles and severalemerging technologies, including carbon capture andhydrogen. We are considering an early United StatesSAF market entry play, using hydroprocessed estersand fatty acids (HEFA) technology.Expanding licensing structuresWe signed several ‘Single Point Licence studies’ with third parties for our FT and Topsoe’s hydrocrackingtechnology solutions. One opportunity in Denmark entered the front-end engineering phase.SASOL INTEGRATED REPORT 202363
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