The latest from Sasol
Targeting a 30% GHG Reduction by 2030
Sasol Chemicals will reduce its scope 1* and scope 2** GHG emissions by 30 percent by 2030 using three key levers
- RENEWABLE ENERGY, through both direct and virtual renewable power purchases at our major production sites. We anticipate we can fully implement this commercially by 2026 in both the U.S. and Europe.
- PROCESS OPTIMIZATION through digitalization and energy efficiency investments.
- Using CARBON CAPTURE, USE & STORAGE to capture and convert carbon into chemicals and fuels. Our U.S. assets are ideally positioned in industry corridors that are ripe for collaboration on CCUS. For example, our well-developed Lake Charles site is positioned in a prime pipeline corridor which provides for advantaged feedstock access as well as carbon capture and utilization and a CO2 pipeline.
*Scope 1 GHG emissions are those that occur from sources that we own or control. Examples include our manufacturing facilities.
**Scope 2 GHG emissions are indirect emissions associated with electricity, steam, heating or cooling that we purchase from other organizations. Although these emissions don’t come from our facilities, we account for them because they are a result of our energy use.
Sasol’s regional operating segment — Chemicals America — is playing a significant role in the company’s resurgence. Chemicals America EBIT (earnings before interest, taxes) increased by more than 100%, driven by higher sales process despite lower sales volumes. The average sales basket price for Chemicals America nearly doubled compared to the prior period due to a combination of improved demand as COVID-19 restrictions were lifted, higher oil and energy prices and reduced market supply due to residual global supply chain challenges from the COVID-19 pandemic.
That is a strong, stable financial outlook for our region, underpinned by our well-invested asset base and made possible by the hard work and creativity of our best-in-class workforce.
Our financial outlook supports further investment in Sasol’s existing asset base in Lake Charles through low-capital debottlenecking and expansion projects that have short payback periods and high returns. We also plan to extract further value from the Lake Charles site and explore potential opportunities for co-location and expansion as a sustainability hub with partners.
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