Tuesday, 21 February 2023 13:58

Sasol says renewable energy drive makes economic sense

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Sasol Ltd, the world's largest producer of coal and gas fuels and chemicals, is committed to reducing its emissions by 30% by 2030. It has announced a 260 MW wind and solar purchase agreement with TotalEnergies and private South African renewable energy company Mulilo. In addition, the 550 MW of renewable energy projects expected to be operational by 2025 will account for about one-third of Sasol's current electricity consumption of 1,500 MW. Sasol reported a 9% rise in half-year profit, but output fell due to lower productivity and poor quality coal at its mining operations. It declared an interim dividend of R7 per share.

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