Sasol and Sonatrach Raffineria Italiana (SRI) have formed a Temporary Association of Companies (ATI) to collaborate on developing hydrogen production projects. The resolution of the Sicilian Regional Council n. 47 of 29 January 2021 nominates Sicily to be the seat of the National High Technology Center for Hydrogen (“Hydrogen Valley”). An expression of interest for inclusion on the long list of subjects interested in the establishment of the Centre had to be made by 22 April. 

The companies just recently signed a partnership agreement with the Polytechnic of Turin for a feasibility study on the use of CO2 capture and utilisation technology in the industrial processes of the two production sites in Augusta.
Green hydrogen (hydrogen produced through the electrolysis process of water fuelled by renewable energies) is considered an essential element in the energy transition. As described in a recent study by the Fuel Cells and Hydrogen Joint Undertaking, a European public-private partnership for the development of new technologies, green hydrogen can account for up to 24% of European energy demand by 2050.

In particular, hydrogen can play a dual role: in the long term, up to 2050, it can support the decarbonisation effort together with other low-carbon technologies, especially in energy-intensive sectors. In the short term, up to 2030, it can gradually become competitive in selected applications such as chemicals, mobility and oil refining, allowing the development of a European ecosystem needed to fully exploit its potential in the long term.

“The petrochemical area of Syracuse can and must play a key role in the energy transition,” says Rosario Pistorio, CEO of SRI, “especially in that process of gradual and progressive decarbonisation that passes not only through electrification but also through alternative technologies such as low-carbon liquid fuels or energy vectors such as hydrogen. In this context, the skills of our personnel, which have been a strategic national asset for 70 years, must be enhanced in order to act as a driving force for development.

“This activity,” adds Sergio Corso, Vice President Operations Sasol Italy, “marks another exciting step towards a sustainable future, confirming the process of collaboration initiated with our partners to create value and develop innovative solutions for a better and increasingly sustainable world. This announcement also underscores our interest in making hydrogen a key element of Sasol’s sustainability journey”.

Sasol recently announced that it is part of a consortium bidding to produce sustainable aviation fuel under the German government’s H2Global auction platform, using its leadership in the Fischer-Tropsch process. Separately, Sasol has formed an alliance with Toyota South African Motors (TSAM) to explore developing a green hydrogen mobility ecosystem in its headquarters country of South Africa. 

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”.