Green Hydrogen NewsGreen Hydrogen News
    Facebook Twitter Instagram
    Trending
    • Amnah Consortium’s $6 Billion Investment Powers Oman’s Massive Green Hydrogen Project
    • Oracle Energy and PetroChina Join Forces to Advance Green Hydrogen Project in Pakistan
    • China’s Hydrogen Energy Revolution: Trillion-Yuan Industry on the Horizon
    • SSAB and Fortum Explore Hydrogen-Reduced Sponge Iron Production
    • Canfranc Line Test Commences with Revolutionary Hydrogen Train Prototype
    • From Algeria to Europe: Bridging the Gap with the SoutH2 Hydrogen Pipeline
    • Grant Shapps Considers Scrapping Controversial Hydrogen Levy on UK Energy Bills
    • China Achieves Breakthrough in Seawater Electrolysis for Hydrogen Production
    LinkedIn Twitter YouTube Facebook
    Green Hydrogen NewsGreen Hydrogen News
    • NEWS
      • Authorities
      • Blitz
      • Breaking News
      • Finance
      • Jobs
      • H2 Plant
      • Politics
      • Press Release
      • Sponsored
      • Stock
      • Tenders
      • Video
    • HYDROGEN
      • Aviation
      • Electrolyzers
      • Fuel Cells
      • Green Hydrogen
      • Hydrail
      • Innovation
      • Pipelines
      • Projects
      • Stations
      • Storage
      • Technology
      • Vehicles
    • SPOTLIGHT
      • Analysis
      • Interviews
      • Podcast
      • Research
      • Reviews
      • Specials
      • Webinars
    • REGIONAL
      • Africa
      • Americas
      • Asia
      • Europe
      • Middle east
      • Pacific
    • CONTACT
    • ADVERTIZE
    • SUBSCRIBE
    Green Hydrogen NewsGreen Hydrogen News
    Home»HYDROGEN»Green Hydrogen»Sasol burns fossil fuels but wants to switch to renewables and hydrogen
    Sasol burns fossil fuels but wants to switch to renewables and hydrogen

    Sasol burns fossil fuels but wants to switch to renewables and hydrogen

    Anela DoksoBy Anela Dokso13/04/20232 Mins Read
    Share
    LinkedIn Twitter Facebook Email WhatsApp Telegram

    Sasol, South Africa’s second-largest emitter, wants to buy renewable energy, but it’s still wedded to fossil fuels.

    The coal-to-synthetic fuel and chemical industry aspires to reach net zero by 2050. Activists and analysts call the strategy unclear and unattainable. In light of increasing oil prices, which determine Sasol’s product value, some energy companies may reconsider their green targets after OPEC’s unexpected output decrease.

    Sasol’s biggest plant emits more greenhouse gas than BP Plc or Marathon Petroleum Corp.’s global operations, making emission reduction difficult. CEO Fleetwood Grobler said the company wants a green future but needs profitability to get there.

    Since 1950, the company’s lifeblood has been the dirtiest fossil fuel, making its Secunda factory in central South Africa the world’s most polluting site.

    Despite the recent upswing, oil price volatility worries Grobler, especially if prices fall towards $40 a barrel. He stated he would be worried. Sasol’s plan to reduce emissions by 30% by 2030 includes replacing fossil fuels. Grobler said finding enough natural gas, which is more efficient and produces less pollutants, will allow it to cut its annual coal use by 25%.

    The company only developed a green transition plan in early 2021, but Grobler said investors will be able to track its progress over the next five years. Sasol’s 537-mile Rompco pipeline delivers natural gas from its Mozambique fields at the lowest cost.

    Grobler says Sasol’s main facility, the Secunda complex 130 kilometres (209 miles) from Johannesburg, which emits more climate-warming gases than Portugal or Norway, will need to more than double petrol consumption from 7%.

    Sasol will pay more for carbon as it transforms. The corporation, which operates in the US and Europe, only pays a carbon tax in South Africa, Grobler notes. Hanre Rossouw, CFO, cautioned that the levies could hurt the business and its green transformation.

    Renewable electricity will help the corporation meet its 2030 goal. Sasol has agreements with developers including Air Liquide SA and TotalEnergies SE for approximately half of its 1.2-gigawatt renewable objective.

    Increasing renewables is hard. South Africa’s scheme to buy electricity from private clean energy projects has stalled due to unprecedented power disruptions and a shortage of grid connections. Grobler said Eskom Holdings SOC Ltd. decides which stations get plugged in.

    Sasol is also investigating a green hydrogen project on South Africa’s west coast to replace natural gas with a cleaner fuel. Transnet would build a port in Boegoebaai.

    green hydrogen hydrogen Sasol
    Share. LinkedIn Twitter Facebook Email

    Related Posts

    Amnah Consortium’s $6 Billion Investment Powers Oman’s Massive Green Hydrogen Project

    05/06/2023

    Oracle Energy and PetroChina Join Forces to Advance Green Hydrogen Project in Pakistan

    05/06/2023

    China’s Hydrogen Energy Revolution: Trillion-Yuan Industry on the Horizon

    05/06/2023

    SSAB and Fortum Explore Hydrogen-Reduced Sponge Iron Production

    05/06/2023

    Canfranc Line Test Commences with Revolutionary Hydrogen Train Prototype

    05/06/2023

    From Algeria to Europe: Bridging the Gap with the SoutH2 Hydrogen Pipeline

    05/06/2023

    Amnah Consortium’s $6 Billion Investment Powers Oman’s Massive Green Hydrogen Project

    05/06/2023

    Oracle Energy and PetroChina Join Forces to Advance Green Hydrogen Project in Pakistan

    05/06/2023

    China’s Hydrogen Energy Revolution: Trillion-Yuan Industry on the Horizon

    05/06/2023

    SSAB and Fortum Explore Hydrogen-Reduced Sponge Iron Production

    05/06/2023

    Subscribe to Updates

    Get the latest news from the hydrogen market subscribe to our newsletter.

    Final Transparent Green Logo (horizontal)-desktop version (RGB)
    LinkedIn Twitter Facebook YouTube

    News

    • Inteviews
    • Webinars
    • Hydrogen
    • Spotlight
    • Regional

    Company

    • Information
    • Advertising
    • Media Kits
    • Contact Info
    • GDPR Policy

    Subscriptions

    • Subscribe
    • Newsletters
    • Sponsored News

    Subscribe to Updates

    Get the latest news from EnergyNewsBiz about hydrogen.

    © 2023 EnergyNews.biz
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.