Sasol not in ‘sunset’ phase but transition plans cannot outpace market demand – Baloyi

Sasol CEO Simon Baloyi has acknowledged that the group stands at the “threshold” of a potentially difficult energy transition but he has also disputed assertions that the carbon-heavy chemicals and fuel producer has now entered an inevitable “sunset” phase. Speaking at an environmental, social and governance roundtable, Baloyi reported that work was under way on various renewal strategies and projects. However, he also argued that Sasol’s decarbonisation initiatives could not move ahead of market demand as had been the case with green-hydrogen production in Sasolburg and, thus, needed to be optimised.