Profile: Sasol Ltd (SSL)

SSL on New York Consolidated

50.19USD
31 Oct 2014
Price Change (% chg)

$-0.24 (-0.48%)
Prev Close
$50.43
Open
$50.21
Day's High
$50.35
Day's Low
$49.60
Volume
254,742
Avg. Vol
173,999
52-wk High
$60.80
52-wk Low
$46.33

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Sasol Limited (Sasol), incorporated in 1979, is an integrated energy and chemicals company. The Company mines coal in South Africa and produce natural gas and condensate in Mozambique, oil in Gabon and shale gas in Canada. In South Africa, it refines imported crude oil and retail liquid fuels through its network of 406 Sasol and Exel service stations, which include five Sasol branded integrated energy centers, and supply gas to industrial customers. It also supplies fuels to other licensed wholesalers in the region. It has chemical manufacturing and marketing operations in South Africa, Europe, the Middle East, Asia and the Americas. The Company operates in four segments: South African energy cluster, which include Sasol Mining, Sasol Gas, Sasol Synfuels, Sasol Oil and other, which include costs related to the pre-feasibility study for the expansion of its synthetic fuels capacity in South Africa known as Project Mafutha; International Energy Cluster, which include Sasol Synfuels International and Sasol Petroleum International; Chemical Cluster, which include Sasol Polymers, Sasol Solvents, Sasol Olefins and Surfactants, and other chemicals, which include Sasol Wax, Sasol Nitro, Merisol and Sasol Infrachem, and Other Businesses, which include Sasol Technology, Sasol Financing, its central administration activities and alternative energy businesses. Effective March 31, 2013, Sasol Olefins & Surfactants sold the entire share capital of G.D. Portbury Ltd. On 16 August 2013, Sasol Investment Company (Pty) Limited, a wholly owned subsidiary of Sasol, entered into a definitive sale and share purchase agreement pursuant to which Main Street 1095 (Pty) Limited, completed the acquisition of 100% of the interest of SPI International (Pty) Limited (SPII). SPII is the indirect owner of a 50% interest in the Iranian joint venture, Arya Sasol Polymer Company.

South African Energy Cluster

The Company mines approximately 37.3 million tons of saleable coal per year, for gasification feedstock and utilities coal for its complexes in Secunda and Sasolburg, in South Africa, and export approximately 2.8 million tons of coal annually. The Company’s distributes and markets Mozambican-produced natural gas and Secunda-produced methane-rich gas to customers in the Gauteng, Mpumalanga, Free State, North-West and KwaZulu-Natal provinces of South Africa. The Company also has a 49% interest in Spring Lights Gas (Pty) Ltd, a Black Economic Empowerment (BEE) gas marketing company in Durban, and a 50% interest in Republic of Mozambique Pipeline Investments Company (Pty) Ltd (Rompco), a company which owns, operates and maintains the 865 kilometers cross-border pipeline, which conveys natural gas from the Temane central processing facility in Mozambique to the gas network in South Africa.

The Company operates in commercial coal-based synfuels manufacturing facility at Secunda. It produces synthesis gas through coal gasification and natural gas reforming, using its technology to convert synthesis gas into synthetic fuel components, chemical feedstock and pipeline gas. The Company markets fuels blended at Secunda and refined through its 63.64% interest in the Sasolburg Natref refinery (South Africa's only inland crude oil refinery). Products include petrol, diesel, jet fuel, illuminating paraffin, liquid petroleum gas (LPG), fuel oils, bitumen, motor and industrial lubricants and sulphur. It has 250 Sasol branded service stations, including five Sasol branded integrated energy centers and 156 Exel service stations in South Africa and export fuels through third parties to several South African Development Community (SADC) countries. This segment includes costs related to the pre-feasibility study for the potential expansion of its synthetic fuels capacity in South Africa known as Project Mafutha.

International Energy Cluster

The Company is developing and implementing international ventures based on the Sasol SPD process. The Company has a gas-to-liquids (GTL) plant named Oryx GTL. The Company manages and develops its upstream natural oil and gas exploration and production interests. It holds exploration interests in West and Southern Africa, the Asia Pacific region and Canada. It produces, as operator, natural gas and condensate from the onshore Pande and Temane fields in Mozambique, oil in Gabon from the Vaalco operated offshore Etame, Avouma and Ebouri oilfield cluster and shale gas from the Talisman operated Farrell Creek and Cypress A assets in Canada.

Chemical Cluster

The Company operates plants at Sasolburg and Secunda in South Africa and supply ethylene, propylene, polyethylene, polypropylene, polyvinyl chloride, chlor-alkali chemicals and mining reagents to domestic and international customers. It also has joint venture monomer and polymer interests in Malaysia and Iran, and marketing facilities in China. The Company operates plants in South Africa and Germany and supply a range of solvents (ketones and alcohols), co-monomers (hexene and octene), acrylates and associated products. It also has a maleic anhydride joint venture in Germany with Huntsman Corporation. It operates plants in Germany, Italy, the United States, the Slovak Republic, China and United Arab Emirates and supply surfactants, linear alkylbenzene, surfactant intermediates, n-paraffins, n-olefins, C6-C22 alcohols, ethylene, oleochemicals and other organic intermediates to customers globally, as well as specialty aluminas, silica aluminas and hydrotalcites. The Company is involved in a range of other activities in the chemicals industry, both in South Africa and abroad, which, among others, include production and marketing of other chemical products, like waxes, fertilisers and mining explosive products.

Other Businesses

The Company is involved in a range of other activities in the energy and chemicals industries, both in South Africa and abroad, which, among others, are technology research and development, and its financing activities, as well as alternative energy activities.

The Company competes with ExxonMobil, Shell Chemicals, BP Chemicals, Chevron Phillips, Ineos, the Dow Chemical Company, Celanese, Eastman, Sabic Innovative Plastics, Lanxess, Nippon Steel Chemicals, Rutgers Chemicals, Deza, Honshu Chemical, Konan Chemical, Atul Chemicals, Mitsui Chemicals and C-Chem.

Company Address

Sasol Ltd

1 Sturdee Avenue, Rosebank
JOHANNESBURG     2196
P: +2711.4413111
F: +2711.7885092

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