Profile: Sasol Ltd (SSL)
23 Sep 2016
Sasol Limited (Sasol), incorporated on June 26, 1979, is a holding company. The Company is an integrated energy and chemicals company that develops and commercializes technologies, builds and operates facilities to produce a range of product streams, including liquid fuels, high-value chemicals and low-carbon electricity. The Company operates through four segments: South African energy cluster, international energy cluster, chemical cluster and other businesses. The South African Energy Cluster segment includes Sasol Mining, Sasol Gas, Sasol Synfuels, Sasol Oil and other. The international energy cluster segment includes the Company's Sasol Synfuels International (SSI) and Sasol Petroleum International (SPI). The Chemical Cluster segment includes Sasol Polymers, Sasol Solvents, Sasol Olefins and Surfactants, and Other chemical businesses. Its other businesses segment includes Sasol Technology. It is a manufacturer and supplier of a diverse range of solvents, co-monomers and associated products. Solvent products are supplied to customers in approximately 90 countries and are used in the coatings, printing, packaging, plastics, pharmaceutical, fragrance, aerosol paint and adhesive industries, as well as in the polish, cosmetics, agriculture and mining chemicals sectors.
The Company's Mining segment is responsible for securing the coal feedstock for the Southern African value chain, primarily for gasification and generating electricity and steam. Sasol Mining operates six coal mines that supply feedstock for its Secunda (Sasol Synfuels) and Sasolburg (Sasolburg Operations) complexes in South Africa. The coal is sold for gasification to Secunda Synfuels and for utility purposes to Sasolburg Operation and to third parties in the export market. The Mining segment sells coal under both long- and short-term contracts at a price determinable from the agreements. It also exports coal from the Twistdraai Export Plant to international power generation customers.
Exploration and Production International
The Company's Exploration and Production International (E&PI) segment is engaged in developing and managing the Company's upstream interests in oil and gas exploration and production in Mozambique, South Africa, Australia, Canada and Gabon. E&PI sells Mozambican gas under long-term contracts to both Sasol and external customers, condensate on short-term contracts, and Canadian gas into the market at spot prices. Oil is sold to customers under annual contracts. It is also investing in ventures ranging from onshore and offshore conventional and unconventional shale and tight gas.
The Energy segment is responsible for the sales and marketing of liquid fuels, pipeline gas and electricity. In South Africa, the Energy segment markets approximately nine billion liters of liquid fuels annually, blended from fuel components produced by the Secunda Synfuels operations, crude oil refined at Natref, as well as some products purchased from other refiners. The Energy segment markets approximately 50 billion standard cubic feet of natural and methane-rich gas a year. The Energy segment sells liquid fuel products under both short- and long-term agreements for both retail sales and commercial sales, including sales to other oil companies. The Energy business also develops, implements, and manages the Company's international business ventures based on Sasol's gas-to-liquids (GTL) technology.
The Company's Base Chemicals segment markets commodity chemicals based on the Company's upstream Fischer-Tropsch, ethylene, propylene and ammonia value chains. The Base Chemicals segment's product lines include polymers, solvents and ammonia-based fertilizers. These are produced in various Sasol production facilities around the world. Its products include explosives, fertilizers, polymers (polyethylene, polypropylene, polyvinylchloride), mining reagents (caustic soda, sodium cyanide), and a range of alcohols, ketones, acrylate monomers, and other oxygenated solvents.
The Performance Chemicals segment markets commodity and differentiated performance chemicals. Its product lines include organics, inorganics and wax value chains. Its business operates in four business divisions: Organics, Inorganics, Wax and Phenolics, Carbon, Ammonia and Speciality Gases (PCASG). Its products are used in various applications, which include detergents, cleaning agents, personal care, construction, paints and coatings, leather and metal processing, hot-melt adhesives, bitumen modification and catalyst support for automotive catalysts and other diverse specialty applications, including oil and gas recovery, aroma production, plastic stabilization and polymer production.
The Other segment includes the Company's functions, which comprise its technology research and development activities. It also includes its central treasury and financing activities. Its technology includes Research and Technology (R&T), Engineering and Project Services, and Capital Projects.
1 Sturdee Avenue, Rosebank
Company Web Links
- Sasol's earnings hit by low oil price, says outlook uncertain
- UPDATE 1-Sasol boosts U.S. Lake Charles project price estimate by $2.1 bln
- BRIEF-Sasol raises price tag for Lake Charles project
- UPDATE 1-Sasol mulling bid for Chevron's South African assets
- Sasol mulling bid for Chevron's South African assets