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 ?xml:namespace>
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
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
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.
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