A growing part of Sasol’s strategy is turning gas into money. It does this by using proprietary technology to transform large gas reserves into valuable liquid fuels.
“It’s like turning water into gold,” says Ebbie Haan, MD of Sasol Petroleum International. A cheap feedstock is turned into a final product (liquid fuels) linked to the international oil price, which is likely to stay substantially above the gas price for the foreseeable future. On top of that, regulators will push for cleaner fuels amid concerns about climate change . Haan says gas will be the bridging fuel to a low-carbon world.
And Sasol’s gas footprint is growing. The company spent US$307m last year on expanding its Mozambican onshore gas production facilities . While some of this will stay in Mozambique to feed the local developing gas market, the bulk will come to SA for feedstock into Sasol’s coal-to-liquid plants at Secunda and its chemicals plant at Sasolburg.
Financial Mail - S.A
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