Sasol and CEF to Conduct Joint Feasibility Study Into Biodiesel Manufacture
09 Februar 2006 - 2:41PM
PR Newswire (US)
JOHANNESBURG, South Africa, Feb. 9 /PRNewswire-FirstCall/ -- Sasol
and the Central Energy Fund (CEF) are considering the feasibility
of constructing a 100 kilotonnes per annum soya bean-based
biodiesel plant in partnership with an empowerment consortium
group. The two parties today signed a memorandum of understanding
to conduct a feasibility study to test the viability of such a
venture before an investment is made. The feasibility study will
also look at production facility location options. It should be
completed by the end of this year. A pre-feasibility study
conducted over the last few years by Sasol in close cooperation
with the CEF indicated potential for commercial-scale production of
this renewable energy source if supported by appropriate fiscal
incentives. This environmental initiative is in line with Sasol's
value of continuous improvement. "Sasol recognises the importance
of renewable energy as part of our sustainability and we support
government's commitment to diversify the energy mix in South
Africa. International experience has shown that many socio-
economic benefits accrue from biofuel production, including job
creation, foreign exchange savings, and strengthening of the rural
agricultural economy," says Sasol Nitro managing director Bernard
Klingenberg. "We are confident that a large-scale, commercial
biodiesel facility will create an excellent opportunity for
meaningful incorporation of emerging farmers into the supply chain.
It will also give impetus to government's White Paper on the
Promotion of Renewable Energy," says Manny Singh, General Manager
at the Energy Development Corporation, a division of the CEF (Pty)
Ltd. Biodiesel is a renewable diesel blending component that is
manufactured from vegetable oil by catalytic reaction with
methanol. Annual global production is about three million tonnes,
with Western Europe being the leading market. Significant
production also occurs in the US and Asia. Biodiesel can be blended
readily with conventional fossil diesel without any need for
vehicle modifications. Biodiesel contains little sulphur and is
clean-burning. It is an environmentally benign fuel that does not
contribute to global climate change and reduces most tailpipe
emissions, such as carbon monoxide, particulates and aromatic
compounds. The proposed biodiesel plant will require more than 500
kilotonnes of soya beans to produce 100 kilotonnes of biodiesel per
annum. The Sasol Investor Relations team Tel.: +27 11 441
3113/3563/3321 Fax: +27 11 522 1184 Sasol 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. These 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
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
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 registration statement under the Securities Exchange
Act of 1934 on Form 20-F filed on October 29, 2004 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 we do not undertake any obligation to update or
revise any of them, whether as a result of new information, future
events or otherwise. If you prefer not to receive future emailings,
or if this email has reached you in error, please reply to this
email or contact Sasol Investor Relations at +27 11 441 3112
DATASOURCE: Sasol CONTACT: The Sasol Investor Relations team, +27
11 441 3113/3563/3321, fax, +27 11 522 1184,
Copyright