Sasol and Gassnova SF Sign MoU on Participation in Norwegian CO2 Technology
Centre in Mongstad
The signing of the MoU by Sasol CE,
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
Sasol is proud that
"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
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
Issued by Sasol and Gassnova SF.
For further information: For further information: Sasol: Jacqui O'Sullivan, Group Communication Manager, Direct telephone +27(11)441-3252, Mobile +27-82-883-9697, [email protected]; Nothemba Noruwana, Group media manager, Direct telephone +27-11-441-3295, Mobile +27-82-329-0186, [email protected]; Gassnova: Bjorn-Erik Haugan, CEO, Telephone +47-905-53-394, [email protected]; TCM: Tore Amundsen, Managing Director, Telephone +47-900-51-222, [email protected]
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