Sasol to accelerate renewables investments

20 November 2009 15:16  [Source: ICIS news]

TORONTO (ICIS news)--Sasol plans increased investments in renewable energy, including a 40 MW photovoltaic (PV) panels plant, the South Africa-based international petrochemicals and energy major said on Friday.

The solar facility would run on cooper-indium-galliumdiselenide (CIGS) technology developed by the University of Johannesburg, the company said in its 2009 Sustainable Development Report release on Friday.

It would be built by a partnership - Thin Film Solar Technologies - in which Sasol holds a 40% stake.

At a later stage, Sasol and its partners may build larger solar plants to reach world scale, it said.

The solar initiative was part of Sasol’s strategy to upscale and possibly improve existing renewable energy technologies that could become viable businesses in their own right, it said.

Another renewables option was wind power, which Sasol sees as a mature technology with good opportunities in South Africa, it said.

As for biomass, Sasol would hold off moving forward until there is “further policy clarity on biofuels and greater evidence of potential for collaboration with the biofuels industry”, it said.

Sasol was also exploring the further development and commercialisation of the electric vehicle in South Africa, it said.

As for its existing energy and petrochemicals operations, the company was committed to achieving a 15% reduction in emissions intensity by 2020 on a 2005 baseline, it said.

Also, Sasol had set an absolute target of a 20% reduction on emissions for new coal-to-liquids (CTL) plants commissioned before 2020, and a 30% reduction for plants commissioned before 2030, with 2005 designs as the baseline, it said.

For more on Sasol visit ICIS company intelligence
Bookmark Simon Robinson’s Big Biofuels Blog for some independent thinking on biofuels
To discuss issues facing the chemical industry go to ICIS connect


By: Stefan Baumgarten
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index