JSE-listed energy group Sasol reports that it produced its first green hydrogen in Sasolburg in June, during the commissioning phase of a project to repurpose an operational electrolyser to use renewable electricity to split water into hydrogen and oxygen. Sasol has set aside R350-million for the pilot Free State project, which is expected to produce up to 5 t of green hydrogen daily.
Energy and chemicals group Sasol says it is continuing to assess several technology and feedstock solutions to bolster post-2030 liquid fuels and chemicals volumes at its Secunda refinery, in Mpumalanga, while still meeting its commitment to reduce greenhouse-gas emissions by 30% by the end of the decade. None of these alternatives have advanced to maturity, however, and the JSE group has, therefore, revised the refinery’s post-2030 yearly production guidance to only 6.7-million tons from the 7.5-million-ton-plus output achieved previously.
South African petrochemicals major Sasol posted a 13% rise in annual profit on Wednesday as better operations in the second half offset the impact of weaker crude prices. The company said its headline earnings per share (HEPS), a profit measure, was 53.75 South African cents for the 12 months ended on June 30, up from 47.58 cents posted a year ago.