Sasol, Topsoe to jointly build SAF plants

South African chemicals and energy company Sasol Ltd (JSE:SOL) today announced plans with Danish decarbonisation technology supplier Topsoe for the creation of a sustainable aviation fuel (SAF) joint venture this year.

The two companies have signed a memorandum of understanding (MoU) that outlines their plan to jointly develop, build, own, and operate SAF production plants based on Sasol’s Fischer Tropsch technology and relevant offerings from Topsoe.

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With this new JV, the partners seek to enable faster SAF production development, they said. The process will involve the use of green hydrogen, sustainable sources of carbon dioxide (CO2) and biomass.

Separately on Tuesday, Sasol announced the creation of a decarbonisation-focused venture capital fund called Sasol Ventures, which is planned to invest some EUR 50 million (USD 53.6m) over the next five years in start-up and early-stage technologies.

Also today, Sasol, alongside French industrial gases company Air Liquide SA, unveiled the signing of renewable power purchase agreements (PPAs) with TotalEnergies SE tied to 260 MW of capacity in South Africa.

(EUR 1.0 = USD 1.073)