Sasol prepares to ramp-up decarbonisation capex from 2025

Energy and chemicals group Sasol expects to invest the bulk of the R15-billion to R25-billion it is budgeting to facilitate a 30% reduction in its carbon emissions by 2030 between 2025 and 2027, having spent only modest capital on such projects to date. The expenditure forms part of the JSE-listed group’s yearly ‘maintain and transform’ capital budget, which is expected to rise to between R26-billion and R27-billion in its 2023 financial year.