Sasol Integrated Report 2022 - Book - Page 54
INTRODUCTION | ABOUT SASOL
STRATEGIC OVERVIEW
DELIVERING
CREATING VALUE
GOVERNANCE AND REWARDS
ADMINISTRATION
SASOL ecoFT AT A GLANCE
Building sustainable businesses with our advantaged Fischer-Tropsch (FT) technology
asol ecoFT spearheads our vision to produce lowS
carbon fuels and chemicals globally, by building new
sustainable businesses and leveraging our advantaged
Fischer-Tropsch (FT) technology. We believe that FT
is uniquely positioned to thrive in a fossil fuel-free
world. Sasol ecoFT’s key focus is to produce and
market Sustainable Aviation Fuel.
Marius Brand
Executive Vice President: Sasol 2.0 Transformation
Strategic positioning enabling
Future Sasol
Key features
Sasol ecoFT is pioneering sustainable fuels
and chemicals through Sasol’s proprietary
FT technology that converts green hydrogen
and sustainable carbon sources into sustainable
products. As a global leader in synthetic fuels
and chemicals, Sasol has more than 70 years’
experience in providing sustainable FT solutions.
We seek to contribute to a thriving planet, society,
enterprise and innovate for a better world.
in key markets across the value chain
Overview
Sasol is committed to accelerate our transition
to a low-carbon world in support of the objectives
of the Paris Agreement and our ambition to achieve
Net Zero emissions by 2050. Sasol ecoFT’s intent is
to steer our aspiration to globally produce low-carbon
fuels and chemicals. Our key focus is to produce
and market Sustainable Aviation Fuel (SAF).
We are distinctly placed to enable the production
of sustainable synthetic fuels and chemicals (PtX),
which is expected to benefit from declining
renewable electricity and green hydrogen
production costs. This opportunity is being realised
by collaboratively creating a commercial model
that will benefit all parties.
Operating context
The aviation sector is a material contributor to
GHG emissions globally and is under significant
pressure to decarbonise. Our FT technology can
provide SAF and associated solutions that have
exceptional abatement characteristics and can be
produced from nearly unlimited green feedstocks.
Sasol’s FT process is particularly well-suited to
produce SAF.
Create value through partnerships
Continue advancing our PtX technology
and product offering through in-house research
and collaboration with leading companies
Advance offerings across licensing,
catalyst sales, and specialised technical
services in the sustainable FT solutions space
1
OUR
BUSINESS
MODEL
EQUITY
INVESTMENTS
2
3
GLOBAL
PARTNERSHIPS
SINGLE-POINT
LICENSING
Includes equity investments in PtX facilities,
licensing of FT technology, catalyst supplies,
technical services, as well as the production and
marketing of sustainable low-carbon synthetic
fuels, such as SAF, and chemicals.
WHAT IS SUSTAINABLE AVIATION FUEL (SAF)?
SAF is a drop-in sustainable alternative to fossil
jet fuel, requiring very minor changes to existing
aircraft or supporting infrastucture. According to
IATA, SAF will be the only energy solution to mitigate
the emissions growth of the aviation industry in the
medium term it has repeatedly called on governments
to provide regulatory support for SAF production.
STRATEGIC FOCUS AREAS
INNOVATION
Climate change is a global challenge that affects us all. Sasol ecoFT is pioneering
sustainable fuels and green chemicals to transition to a Net Zero world.
Sasol ecoFT is following a phased approach to
growing the new sustainable business from a
set-up phase (2021 to 2025), moving through
to start-up (2025 to 2030), then ramp-up (2030 to
2040) and progressing to mature phase by 2040+.
Our objective during the initial phases is to take a
small equity position in potential demo or pilot
SASOL INTEGRATED REPORT 2022
53
plants to mitigate technology integration and
business risk while the regulatory frameworks
are matured and physical capacity built to manage
the potential growth in quantity of plants from
initially one to two plants per annum to an
ambition of multiple new plants per annum during
the mature phase.