MEDIA RELEASE PR37241
Sasol and Gassnova SF Sign MoU on Participation in Norwegian CO2 Technology Centre in
Mongstad
PRETORIA, Nov. 24 /PRNewswire-AsiaNet/ --
Sasol and Gassnova SF, the Norwegian state-owned enterprise responsible
for managing governmental interests related to Carbon Capture and Storage
(CCS), today signed a Memorandum of Understanding (MoU) at the Union
Buildings in Pretoria that will enable Sasol to explore the possibility of
becoming a participant in the European CO2 Technology Centre Mongstad (TCM)
currently under construction in Norway.
The signing of the MoU by Sasol CE, Pat Davies and Bjorn-Erik Haugan, CEO
of Gassnova SF and chairman of TCM DA, took place in the presence of South
African President, Jacob Zuma and visiting Norwegian monarchs, King Harald V
and Queen Sonja, during their state visit to South Africa.
TCM is a unique international technology cooperation, established to
test, verify and demonstrate technology suitable for deployment at large
scale CO2- capture facilities. The current TCM partners are Gassnova SF, A/S
Norske Shell and Statoil ASA, with Gassnova SF representing the Norwegian
State in the project.
The technology centre is currently under construction at Mongstad on the
west coast of Norway and will be in operation by the end of 2011. The test
facilities are planned to capture 100 000 tons of CO2 per annum.
Sasol is proud that South Africa will soon be represented amongst the
world's leading nations in the fight against climate change. "The signing of
this MoU is an important development that will support our commitment to
reducing the company's Green House Gas emissions," Davies said.
"Sasol will continue to contribute to South Africa's fuel security
through its coal-to-liquid fuel technology for some time to come and while
there is no single solution to the reduction of GHG emissions, we participate
in a number of initiatives such as TCM, to find the optimum mix of solutions.
We have set targets to reduce our carbon footprint and, through sound
partnerships with the best minds from across the globe, we will produce
innovative solutions," Davies said.
Sasol aims to reduce its CO2 emissions by 15% by 2020 (based on 2005 as
baseline) as well as lower targets at the absolute level for new CTL projects
(30% down by 2030 on a 2005 baseline).
"We are very pleased that Sasol, one of the founding members of the South
African Carbon Capture and Storage Center, will participate in the testing of
CO2 capture technologies at the technology center," said Bj0rn-Erik Haugan.
"One of TCM's main ambitions is to develop CO2 capture technologies
capable of wide national and international deployment. It is therefore a
significant step to have a solutions-driven company with Sasol's extensive
technical experience as a partner in the venture," added Haugan.
Sasol is an energy business with substantial chemical interests. Based in
South Africa and operating worldwide, Sasol is listed on the NYSE and JSE
stock exchanges. We are the leading provider of liquid fuels in South Africa
and a major international producer of chemicals. Sasol uses proprietary
Fischer-Tropsch technologies for the commercial production of synthetic fuels
and chemicals from low-grade coal and natural gas. We manufacture more than
200 fuel and chemical products that are sold worldwide. In South Africa we
also operate coal mines to provide feedstock for our synthetic fuels plants.
Sasol operates the only inland crude oil refinery in South Africa. The group
produces crude oil in offshore Gabon, supplies Mozambican natural gas to end-
user customers and petrochemical plants in South Africa, and with partners
involved in gas-to-liquids fuel joint ventures in Qatar and Nigeria. Internet
Disclaimer - Forward-looking statements
We may in this document make statements that are not historical facts and
relate to analyses and other information based on forecasts of future results
and estimates of amounts not yet determinable. There are forward- looking
statements as defined in the U.S. Private Securities Litigation Reform Act of
1995. Words such as "believe", "anticipate", "expect","intend", "seek",
"will", "plan", "could", "may", "endeavour" and "project"and similar
expressions are intended to identify such forward-looking statements, but are
not 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 predictions, forecasts,
projections and other forward-looking statements will not be achieved. If one
or more of these risks materialize, or should underlying assumptions prove
incorrect, actual results may be very different from those anticipated.
The factors that could cause our actual results to differ materially from
the plans, objectives, expectations, estimates and intentions expressed in
such forward-looking statements are discussed more fully in our annual report
under the Securities Exchange Act of 1934 on Form20-F filed on October 9,
2009 and in other filings with the United States Securities and Exchange
Commission. Forward-looking statements apply only as of the date on which
they are made and Sasol does not undertake any obligation to update or revise
any of them, whether as a result of new information, future events or
otherwise.
Issued by Sasol and Gassnova SF.
For further information, please contact:
Sasol
Jacqui O'Sullivan, Group Communication Manager
Direct telephone +27(11)441-3252 | Mobile +27-82-883-9697
jacqui.osullivan@sasol.com
Nothemba Noruwana, Group media manager
Direct telephone +27-11-441-3295 | Mobile +27-82-329-0186
nothemba.noruwana@sasol.com
Gassnova
Bj0rn-Erik Haugan, CEO
Telephone +47-905-53-394 | beh@gassnova.no
TCM
Tore Amundsen, Managing Director
Telephone +47-900-51-222 | tam@tcmda.no
SOURCE: Sasol and Gassnova SF
Translations:
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