Sasol
 |
|
| Sasol | |
| Public company | |
| Traded as | : SSL JSE: SOL |
| Industry |
Oil and gas Chemical |
| Predecessor | Suid-Afrikaanse Steenkool-, Olie- en Gasmaatskappy |
| Founded | 1950 |
| Headquarters | Johannesburg, South Africa |
|
Key people
|
Bongani Nqwababa and Stephen Cornell (Joint CEOs) |
| Revenue |
 US$21.78 billion |
|
US$4.72 billion |
|
|
US$3.11 billion |
|
|
Number of employees
|
30,100 |
| Website | www |
Sasol Limited is an integrated energy and chemical company based in Johannesburg, South Africa. The company was formed in 1950 in Sasolburg, South Africa, and is the world's first oil-from-gas company. It develops and commercialises technologies, including synthetic fuels technologies, and produces different liquid fuels, chemicals and electricity.
Sasol is listed on the (JSE: SOL) and the (NYSE: SSL). Major shareholders include the South African Government Employees Pension Fund, Industrial Development Corporation of South Africa Limited (IDC), Allan Gray Investment Counsel,Coronation Fund Managers, Investec Asset Management, and others. Sasol employs 30,400 people worldwide and has operations in 36 countries. It is the largest corporate taxpayer in South Africa.
On June 8, 2015 the President and Chief Operating Officer, David Constable announced he would not be renewing his contract when it expires on June 30, 2016. He will transition into an advisory role from July 2016.
Sasol has exploration, development, production, marketing and sales operations in 36 countries across the world, including Southern Africa, the rest of Africa, the Americas, Europe, Middle East, Northern Asia, Asia, Southeast Asia, Far East, and Australasia.
The Sasol group's structure is organised into two upstream business units, three regional operating hubs and four customer-facing strategic business units.
Operating Business Units comprise the mining division and exploration and production of oil and gas activities, focused on feed-stock supply.
Sasol Mining operates six coal mines that supply feed-stock for Secunda (Sasol Synfuels) and Sasolburg (Sasolburg Operations) complexes in South Africa. While the coal supplied to Sasol Synfuels is mainly used as gasification feed-stock, some is used to generate electricity. The coal supplied to the Sasolburg Operations is used to generate electricity and steam. Coal is also exported from the Twistdraai Export Plant to international power generation customers.
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Wikipedia