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Summary
Sasol Chemicals, a business unit of Sasol Ltd. (JSE: SOL; NYSE: SSL), plans to double its use of green steam from a first of its kind biomass cogeneration facility adjacent to its Brunsbüttel, Germany facility.
Sasol Chemicals will lease land adjacent to its plant to Hamburger Energiewerke, Hamburg’s municipal utility, which plans to build the facility by the end of 2024. When fully operational in 2025, the plant will supply at least 70,000 megawatt hours of steam to Sasol each year, enabling the company to reduce its CO2 emissions from the plant by approximately 13,000 metric tons annually. In addition to green steam, the plant will produce more than 90,000 megawatt hours of sustainable electricity annually.
"This is another important step towards meeting our ambitious long-term sustainability objectives," said Jens Straatmann, Senior Vice President, Eurasia Chemicals. "Increasing the use of green steam is a key enabler of further reducing our greenhouse gas emissions and will get us closer to our goal of reducing our scope 1 and scope 2 emissions by 30 percent by 2030."
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