Sasol, IDC team up to stimulate South Africa’s green-hydrogen industry

Mining News Pro - Sasol and the State-owned Industrial Development Corporation (IDC) have signed a memorandum of cooperation to jointly advance South Africa’s green-hydrogen economy.

Sasol moves to sell big stake in Rompco pipeline to a Reatile-led consortium

Mining News Pro - Energy and chemicals group Sasol confirmed on Friday that it had entered into a R5-billion agreement with a Reatile-led consortium for the sale of a 30% stake in the Republic of Mozambique Pipeline Company (Rompco), the joint venture (JV) that owns the 865-km gas transmission pipeline from southern Mozambique to South Africa.

Sasol and Air Liquide initiate first phase of 900 MW renewables procurement process

Mining News Pro - Sasol and Air Liquide have formally announced plans to jointly procure 900 MW of renewable-energy capacity from independent power producers (IPPs) by 2030 and have issued a request for proposal (RFP) through which they aim to procure an initial 600 MW this year.

Eskom, Sasol face government ultimatum to meet emission limits

Mining News Pro - Eskom Holdings and Sasol, South Africa’s two biggest polluters, must comply with emission limits even if it costs them tens of billions of rand, Environment Minister Barbara Creecy said.

Sasol abandons rights issue as it secures $3.3bn from asset disposals

Mining News Pro - Chemicals and energy group Sasol confirmed on Monday that it would no longer pursue a rights issue in light of progress made, through assets sales and cost savings, to shore up its debt-laden balance sheet.

Eskom, Sasol rebuffed, Creecy says as she fights pollution suit

Mining News Pro - Environmental Affairs Minister Barbara Creec said she rejected pleas for leniency from senior executives at the country’s two biggest air polluters as she responded to a lawsuit that says her office has breached constitutional rights to clean air.

Divestment of Sasol`s interest in Gemini JV finalised

Mining News Pro - Sasol says the divestment of its 50% interest in the Gemini high-density polyethylene (HDPE) joint venture to Ineos Olefins and Polymers US successfully closed on December 31, making Ineos the 100% owner of the asset.

Sasol keeps rights-issue powder dry having ‘banked’ $3bn in disposals

Mining News Pro - Debt-laden chemicals and energy group Sasol is keeping its rights-issue powder dry, indicating on Wednesday that a final decision on any possible issuance, including its scale, will depend on various factors, including whether or not it is successful in completing yet more asset disposals.

Sasol sells 50% of Lake Charles base chemicals unit to LyondellBasell for $2bn

Mining News Pro - Debt-laden chemicals and energy group Sasol has announced a $2-billion joint venture (JV) agreement with LyondellBasell for its base chemicals business in Lake Charles, Louisiana, in the US.

Sasol swings to $5.3bn annual loss on lower oil prices

Mining News Pro - South African petrochemicals group Sasol reported an annual loss on Monday, hit by a writedown of R111.6-billion and a drop in oil and chemical prices due to the coronavirus outbreak.

Sasol warns of dramatic earnings collapse as it confirms R112bn impairment

Mining News Pro - Chemicals and energy group Sasol warned of a dramatic collapse in its 2020 financial performance on Tuesday, confirming that losses for the period would represent a deterioration of more than 100% when compared with results reported for the 2019 financial year.

Sasol calls for bids for 10 MW solar plants at Mpumalanga

Mining News Pro - Chemicals and energy group Sasol has issued a request for proposals (RFP) for the development of two embedded solar photovoltaic (PV) facilities of 10 MW apiece at its operations in Secunda, in Mpumalanga, and Sasolburg, in the Free State.

Sasol to sell world`s biggest oxygen production site to Air Liquide

Mining News Pro - Sasol has signed a negotiation agreement with industrial gas company Air Liquide for the sale of Sasol South Africa’s 16 air separation units (ASUs), in Secunda.

Sasol narrows immediate asset-disposal focus to ‘top ten’ list

Mining News Pro - Chemicals and energy group Sasol has developed a list of ten major assets that will be prioritised for sale in the coming weeks and months as it moves to streamline the business into what is being termed ‘Sasol 2.0’, while also raising proceeds to help it reduce a $9.5-billion debt burden.

Sasol confirms Rompco pipeline sale ‘well advanced’ as asset disposal process kicks into gear

Mining News Pro - Chemicals and energy group Sasol confirmed on July 1 that the sale of its equity interest in the Republic of Mozambique Pipeline Investment Company (Rompco) and the Central Termica de Ressano Garcia gas-fired power plant, also in Mozambique, were well advanced, along with partnering discussions for its base chemicals assets, in the US.

A buyer’s guide to Sasol’s $5bn asset sale process

Mining News Pro - Sasol has accelerated an asset disposal program that could eliminate more than half of the company’s debt.

Sasol’s Guerbet unit at Lake Charles achieves beneficial operation

Mining News Pro - Sasol reports that the Guerbet alcohols unit at its Lake Charles Chemicals project (LCCP), in Louisiana, in the US, achieved beneficial operation on June 19.

Sasol revamp to cut jobs, end West African oil ops

Mining News Pro - South Africa`s Sasol plans to cut jobs and end West African oil operations as part of a business revamp, the petrochemicals producer said on Thursday, adding it had also agreed a deal with lenders to relax borrowing rules.

Sasol to mull adding pipeline, Qatar plant to disposal plan

Mining News Pro - Sasol is considering additional divestments, including the potential sale of stakes in an African gas pipeline and a Middle Eastern plant, as it explores ways to reduce its $10-billion debt pile, people with knowledge of the matter said.

AngloGold, Sasol, Imperial provide bulk sanitiser to Gauteng hospitals

Mining News Pro - A trio of top companies has partnered to protect frontline medical staff, patients and visitors at four major Gauteng State hospitals.

Sasol includes $2bn rights-issue option in plan to reset capital structure

Mining News Pro - Debt-laden chemicals and energy group Sasol announced on Tuesday that it could pursue a $2-billion rights issue as a “supplemental initiative” in the event that cash-conservation initiatives and asset disposals proved insufficient to reset its capital structure.

Polish miner JSW to work with Sasol on new plant

Mining News Pro - Poland`s JSW, the European Union`s biggest coking coal producer, said on Thursday it will cooperate with South African petrochemicals group Sasol on a project to launch a synthetic fuel plant in Poland.

Sasol Mining’s acquisition of Anglo Inyosi Coal’s mining rights approved

Mining News Agency - Sasol Mining has been granted approval by the Competition Tribunal to acquire Anglo American Inyosi Coal’s mining rights over a coal resource in Mpumalanga.

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