Sasol Provides Update on Renewable Power Integration

Source: www.gulfoilandgas.com 1/24/2023, Location: Africa

Sasol has published its production and sales performance metrics for the 6 months ended 31 December 2022 on the Company's website at www.sasol.com, under the Investor Centre section: https://www.sasol.com/investor-centre/financial-results

UPDATE ON RENEWABLE POWER INTEGRATION IN SOUTH AFRICAN OPERATIONS
Sasol has committed to reduce its absolute Greenhouse Gas (GHG) emissions from South African operations by at least 30% by 2030, off a 2017 baseline. Renewable power is a key lever towards Sasol's GHG emission reduction, as part of their transition towards a more sustainable product portfolio.

Sasol is pleased to announce the signing of three power purchase agreements (PPA) for the supply of renewable power to their South African operations, which are subject to meeting certain conditions precedent.

Sasol South Africa Limited (SSA) and Msenge Emoyeni Wind Farm (Pty) Ltd (Msenge) have signed a long-term PPA for the supply of 69MW of wind powered renewable power to our Sasolburg operations. This is key in achieving the first production of green hydrogen generated from renewable energy sources at Sasolburg and progressing their ambition to lead the development of a green hydrogen economy in Southern Africa. The renewable capacity is anticipated to be operational within the first quarter of CY24.

In addition, as part of the decarbonisation of their Southern African value chain, Sasol and Air Liquide have signed two long-term PPA's with Enel Green Power for the supply of a total capacity of 220MW of wind powered renewable power to their Secunda operations. The projects are expected to be operational in 2025. The concluded agreements are the first as part of a joint procurement initiative with Air Liquide and demonstrates Sasol's commitment to procuring 1 200MW of renewable energy capacity by 2030.


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