HAMBURG, Germany
,
June 8, 2022
(press release)
–
On 2 June 2022, Sasol (JSE: SOL, NYSE SSL) and Uzbekistan GTL’s ongoing cooperation took a significant step forward with the signing of a Memorandum of Understanding (MOU) on the supply of Low Temperature Fischer Tropsch TM (LTFT™) catalysts. The signing took place during Baku Energy Week, one of most prestigious events in the energy sector in the Caspian region, held in Baku, the capital of Azerbaijan. The MOU builds on the initial 2018 catalyst supply agreement between Sasol and Uzbekistan GTL and includes technical support by Sasol, as well as the supply of a next generation catalyst. “The MOU is an important milestone in our cooperation with Uzbekistan GTL and underpins their trust in our Fischer Tropsch catalyst and our technology leadership in this field,” said Dr Cronje Grove, Vice President of Advanced Materials, Sasol Chemicals. Sasol Chemicals’ leading position in the GTL catalyst field is highlighted by the recent establishment of the CARE-O-SENE consortium focused on the development and production of future generation catalysts. These new catalysts will further improve product yield with the same resource input/optimized resource use and will also reduce costs for our customers. The CARE-O-SENE project will be funded by the German Federal Ministry of Education and Research (BMBF) and Sasol. Sasol may, in this document, make certain statements that are not historical facts that relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves and cost reductions, including in connection with our BPEP, RP and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2018 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference to a calendar year is prefaced by the word “calendar”.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
