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Inspiring Africa's Sustainable Business Growth
SOUTH AFRICA – Sasol, an energy and chemical company and Japanese ITOCHU Corporation have signed a Memorandum of Understanding (MoU) to jointly study and develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and power generation. The parties will also evaluate ITOCHU’s potential involvement and participation in Sasol’s green ammonia export-orientated…
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SOUTH AFRICA – Sasol, an energy and chemical company, has signed a Memorandum of Agreement (MOA) with the Northern Cape Development Agency (NCEDA) to lead the feasibility study to explore the potential of the Boegoebaai green hydrogen project as an export hub for green hydrogen and ammonia. This study is expected to take approximately 24 months. The outcomes of this…
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SOUTH AFRICA – Imperial Logistics (Imperial) and Sasol South Africa (Sasol) have entered into an agreement to collaborate in exploring options and solutions for improving freight sustainability and efficiency in Southern Africa. The two companies will also be evaluating potential cross-border collaboration. Sasol’s aspiration is to play a leading role in the co-creation and development of hydrogen ecosystems, which aims…
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SOUTH AFRICA – Sasol, an integrated energy and chemical company and the Central Energy Fund (CEF) have signed a memorandum of understanding (MoU) to collaborate on accelerating the development of gas solutions in South Africa. This agreement brings together South Africa’s two leading pioneers of the gas industry that possess deep experience in operating across the gas value chain, from exploration to downstream…
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SOUTH AFRICA – Petrochemical giant Sasol and the Industrial Development Corporation (IDC) have signed a memorandum of understanding to collaborate on developing and shaping an enabling environment for South Africa’s green hydrogen economy. In a press statement, the parties said the agreement was based on the mutual recognition that South Africa was well placed to harness its world-class renewable energy…
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MOZAMBIQUE – Onshore oil and gas exploration iGAS Energy Plc. in partnership with Companhia Mocambiçana de Gasoduto (CMG) declared that they have exercised their pre-emptive rights to acquire a 30% equity stake in the Republic of Mozambique Pipeline Company (ROMPCO) pipeline valued at US$293 million. ROMPCO is a joint venture between Sasol South Africa (50%), CMG (25%) and South African Gas Development…
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MOZAMBIQUE- Energy and chemical company Sasol South Africa (SSA), a subsidiary of Sasol, has concluded a sale and purchase agreement (SPA), to sell a 30% equity interest in the Republic of Mozambique Pipeline Company (ROMPCO), subject to pre-emptive rights by other shareholders. In a statement, Sasol said ROMPCO is a joint venture between SSA (50%), Companhia Mocambiçana de Gasoduto S.A.…
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SOUTH AFRICA – Energy giant Sasol and French industrial gas supplier Air Liquide are inviting bidders to participate in a Request for Proposal (RFP) process for the supply of renewable energy to Sasol’s South African operations. Sasol has set a greenhouse gas (GHG) target for their South African operations to reduce emissions by at least 10%, off a 2017 baseline,…
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GABON – Vaalco Energy has announced its completion of the previously announced acquisition of Sasol Gabon’s 27.8% working interest in the Etame Marin block offshore Gabon, increasing the Company’s total working interest to 58.8%. The transaction had an economic effective date of July 1, 2020. Taking into account the US$4.3 million deposit, net cash flow from the Sasol interest through…
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SOUTH AFRICA – Petrochemical giant Sasol has reiterated its decision not to pursue a rights issue, as the group made headway in reducing its debt burden by US$4,26 billion for its half-year to the end of December 2020. Sasol published its latest results on the Johannesburg Stock Exchange, which showed that the group’s total debt at the end of its interim period…
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