Sasol plans to grow and transform its business, while reaching a decarbonatisation target of 30% reduction in Green House Gases (GHG) by 2030.
The chemical giant’s plan was unveiled at its Capital Markets Day on Tuesday morning.
The Group wants to reach an adjusted EBITDA of up to R71 billion, Net Debt (excluding leases) target and dividend trigger below US$3 billion supported by operational improvements, cost and capital savings, a nominal break-even oil price of US$50/bbl and Secunda Operations volumes of more than 7,4 million tons by FY2028.
The Group also plans to reduce emission to remain 30% by 2030 through value accretive Emissions Reduction Roadmap (ERR), with renewable energy target increased to more than 2GW through new Integrated Power Business.
Sasol’s foundation business is made up of International Chemicals and Southern Africa Energy and Chemicals businesses.
The value chain comprises coal, natural gas, liquid fuels and chemicals operations that supports approximately 1,4 million jobs in South Africa and in more than 100 countries supplying about 400 retail sites.
Sasol contributes 5% to South Africa’s GDP.
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