Sasol supports policy announcement to advance South Africa’s transition to lower carbon economy

The declaration explicitly recognises the urgency of the task at hand and states

Sasol welcomes recent policy announcements that support South Africa’s energy transition and potential impact economic growth, as well as related socio-economic developments.

The European Union (EU) and the South African government have agreed to launch negotiations in creating a ‘Clean Trade and Investment Partnership’ to advance South Africa’s transition to a lower-carbon economy. It will include supporting Sasol in continuing the development of sustainable aviation fuel, with its Secunda Operations as a focus, and the EU as an export market. This recognises the significant potential of Sasol’s South African assets to transform and provide sustainable energy and chemicals products globally.

In this regard, the declaration explicitly recognises the urgency of the task at hand and states: “This partnership must deliver short and long term solutions without delay to enable Sasol to export sustainable fuel, especially aviation fuel to the EU, including addressing compliance and regulatory issues. The EU commits to also support the long-term decarbonisation of Sasol, in particular in Secunda, thus contributing to facilitating a Just Energy Transition.”

“While we progress our strategic ambitions, I am heartened by these recent developments in the policy landscape by the South African government and the EU. It is a reflection of the importance of the ties between both regions. These mark a significant step in securing South Africa’s sustainable, low-carbon energy future with Sasol as a cornerstone to this ambition, while enabling the country’s industrial competitiveness. With our Secunda Operations as a key asset, the transition must happen at a pace that is in line with market demand and technical feasibility,” said Simon Baloyi, President and CEO of Sasol.