Under the decision, Sasol must achieve concentration-based limits for SO2 at the Secunda steam plant boilers. The company had applied to be allowed to operate on a load-based limit – but this was rejected.
In the meantime, Sasol warned of “continued pricing and demand volatility” to come.
Petrofac (LON: PFC) has confirmed the signing of a $1.5bn deal for a petrochemical complex in Algeria.
“We do not support any arrangement that disadvantages our people. In the current set up, our Nzema community bears the risk of losing its land. However, it has no upside and no guarantee of future and ongoing royalties or profits for Nzema.”
While drilling is ahead of schedule in Mozambique, gas production was 2% lower, Sasol said. This is “due to reduced demand from our own operations and the external market largely due to the ongoing power outages”.
PetroSA set out some particular thoughts about who it wanted to apply. Top of the list are state-backed companies from oil and gas producing states, which can access feedstock and capital.
Sasol will hold its AGM today and will face some tough questions on its environmental stance from various NGOs.
Sasol and ArcelorMittal South Africa have struck a deal to pursue green hydrogen at Saldanha and carbon capture and utilisation (CCU) in Vaal.
Sasol’s Care-o-sene – the Catalyst Research for Sustainable Kerosene – has secured 40 million euros ($38.8mn) in funding, allowing work to begin.
South Africa’s PetroSA is taking steps to end a legacy of mismanagement and continuing annual losses as it plans a project with TotalEnergies, according to its interim chairman.
Industrial groups in South Africa have voiced their commitment to an equitable transition, while calling for increased carbon prices to be pushed back to after 2035.
Anchorage Investments has shortlisted Hyundai E&C, Samsung Engineering, Technip Energies and Tecnicas Reunidas to build a petrochemical complex in the Suez Canal Economic Zone.
Sasol has reported adjusted EBITDA up 48% for its financial year, ending on June 30.
German Chancellor Olaf Scholz attended the launch of a synthetic aeroplane fuel in South Africa today, with his local counterpart Cyril Ramaphosa.
Sonatrach has signed a contract for China National Technical Import & Export Corp. (CNTIC) and Sinopec Luoyang Engineering (LPEC) to build a methyl tert-butyl ether (MTBE) facility at Arzew.
Floods in KwaZulu-Natal have disrupted some of Sasol’s chemical exports, the company has said, while reaffirming its hedging plans.
Sasol has reported EBIT of 24.3 billion rand ($1.6bn) for the six months ending on December 31, 2021, up 12%.
Namibia will receive N$100 million ($6.3mn) in concession fees from its preferred hydrogen bidder this year, President Hage Geingob has said.
Sasol expects production from its Secunda facility to fall to 6.7-6.8 million tonnes in the 2022 financial year, following a string of accidents.
Petrochemical giant Sasol has come under fire for its emission reduction plans, particularly around its reliance on new technologies and resources to deliver the needed gains.
Sasol has begun its statutory maintenance at Secunda, which involves a major shutdown and a challenge for the company’s COVID measures.
Sasol has teamed up with the Mpumalanga government ahead of planned maintenance at its Secunda site.
Air Liquide’s plan to buy into Sasol’s air separation units has got the thumbs up from South Africa’s Competition Tribunal – although with some provisos.
Egypt has signed an agreement for a major petrochemical plant in Ain Sokhna, with an investment of $7.5 billion.
Sasol is seeking suppliers to provide it with renewable energy at its South African operations.