Reaching new frontiers
Sasol was established in Sasolburg in South Africa in 1950 to develop on industrial basis the Coal-To-Liquids (CTL) technology as this country is rich of coal and many other resources but holds limited oil and gas conventional fields.
In 1979, Sasol was privatized and listed on the Johannesburg Stock Exchange.
In 1993, Sasol commissioned the first full scale Fischer-Tropsch reactor in Sasolburg and in 2001, Sasol signed with Qatar Petroleum the Oryx GTL project in the Ras Laffan Industrial City for the construction of the first Gas-To-Liquids (GTL) project to produce 32,400 b/d of diesel, naphtha and liquid petroleum gas (LPG).
Today Sasol is holds interests in 38 countries with 34,000 people.
With its unique expertise to convert coal, natural gas or any other primary sources of hydrocarbons into liquids and petrochemicals Sasol expand its global market leaderships everywhere crude oil is not available.
– 2011/2012 Revenues: $19,54 billion
– 2010/2011 Revenues: $16,42 billion
– 2011/2012 Earnings: $4,23 billion
– 2010/2011 Earnings: $3,45 billion
– 2011/2012 Capital Expenditure: $3,34 billion
– 2010/2011 Capital Expenditure: $2,42 billion
Sasol Projects and Business Highlights
Since coal and natural gas are the cheapest sources of energy at this moment with all indications that it will stay so for decades as we do not see limits to these resources, the spread in prices with crude oil guaranties the profitability of the CTL or GTL projects.
With no access to any sea, Uzbekistan most find solutions to reduce its energy reliance on imports and all the associated taxes to be paid to the neighboring countries for the transportation to cross over.
Then the Fort Saskatchewan GTL project should follow in Alberta, on the western Canada.
In North America, the price difference between natural gas and oil is the widest in the world, in addition the consumers market is on site, saving all the transportation costs.