Sasol
| Sasol
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | ZAE000006896 |
| founding | 1950 |
| Seat | Johannesburg , South Africa |
| management | Fleetwood Grobler ( CEO ) |
| Number of employees | 31,900 |
| sales | 172.4 billion rand (9.2 billion euros ) |
| Branch | Coal liquefaction, chemistry |
| Website | www.sasol.com |
| As of June 30, 2017 | |
Sasol (originally Suid-Afrikaanse Steenkool-, Olie- en Gasmaatskappy ) is a transnational company in the oil and chemical industry . The Johannesburg- based company is South Africa's second largest industrial company. It was founded in 1950 as South African Coal, Oil and Gas Corporation Limited to manufacture fuels from gasification technologies. The company has around 33,000 employees worldwide (as of 2010). The company name is an acronym for South African Synthetic Oil Limited .
history
Sasol was founded in 1950 by the state-owned Industrial Development Corporation to produce gasoline from hard coal on the basis of the Fischer-Tropsch synthesis . The technology of coal liquefaction was considered unprofitable at the time and was mainly used because South Africa was subject to extensive sanctions at the time of apartheid , which is why the supply of crude oil was difficult, while domestic coal could be mined cheaply. Production started in 1955.
In early 1980, Sasol bought around 180,000 tons of misappropriated crude oil from the owners of the Salem tanker for around US $ 43 million .
In 1995, one was made joint venture of Hans-Otto Schümann GmbH & Co KG (Hamburg) and Sasol Wax Ltd. (South Africa) and made Schümann Sasol International AG the world's most important supplier of synthetic hard waxes and hot melt adhesives. In the course of the complete takeover of all shares in Schümann Sasol International AG by Sasol Holding in Germany GmbH in 2003, the company's name was also changed to Sasol Wax International AG with around 1,200 employees. Based on this history of origin, Sasol Wax today offers the full range of paraffin , Fischer-Tropsch hard waxes and paraffin - related products.
Internationalization began with the political opening of South Africa. In 2001, the contract for the construction of a gas-to-liquid (GTL) plant in Qatar was signed, which started production in 2007. Further contracts for the construction of CtL plants (Coal to Liquid) or GtL plants exist in Nigeria (2005), China (2009) and Uzbekistan (2009). With the takeover of Exel Petroleum in 2004, Sasol is also active in the petrol station business.
Business activities
The main business of Sasol is the processing of coal and natural gas by means of coal gasification and Fischer-Tropsch synthesis into gasoline and raw materials for the chemical industry in the plants Sasol 1 ( Sasolburg ) and Sasol 2 and 3 (both in Secunda ).
The company has plants in ten countries on three continents, including six in Germany. Sasol employees work in 50 countries, the German headquarters are in Hamburg .
The South African energy cluster operates coal mining in South Africa ( sasol mining ), trades natural gas from Mozambique ( sasol gas ), operates the CtL plant in Secunda ( sasol synfuels ), an oil refinery and processing plant, and various sales activities including filling stations ( sasol oil ).
Sasol Phenolics ( Merisol ), which was taken over in 2012, produces cresol and butylated hydroxytoluene .
Sasolburg and Secunda
The South African city of Sasolburg is named after the company after it was founded in the 1950s as a residential area for employees. The same applies to the city of Secunda , which was created in the same way when Sasol 2 was built approx. 80 km east of Johannesburg.
Sasol in Germany
Sasol is represented in Germany with two activities, all of which have their headquarters in Hamburg : Sasol Wax GmbH (see above) with two plants in Hamburg and Sasol Germany GmbH.
Sasol Germany GmbH was created in 2001 through the takeover of CONDEA from RWE Dea . In its two plants in Brunsbüttel and Marl , Sasol Germany primarily produces surfactants , aluminum oxides and intermediate products such as fatty alcohols and ethylene oxide . Sasol Germany employs around 1,500 people and generates sales of just under one billion euros.
The former Sasol Solvents with plants in Moers and Herne was taken over by Ineos on June 1, 2014 and has been called INEOS Solvents since then.
Wax cartel
Sasol was the cartel leader of the so-called wax cartel , which voted the price of paraffin wax in Europe from 1992 to 2005. On October 1, 2008, Sasol was fined 318 million euros for participating in the wax cartel. Because of the delivery of important information about the cartel, a 50 percent discount was granted on the fine, otherwise the fine would have been over 600 million euros.
See also
Web links
- Company history of "Sasol Wax" on the website of "Confidants of Sasol Wax"
- Homepage of "Sasol Germany GmbH"
Individual evidence
- ↑ Company Overview. Sasol, accessed November 27, 2017 .
- ^ Sasol Limited Board. Sasol, accessed April 28, 2020 .
- ↑ a b Integrated Report June 30, 2017 (PDF; 11.1 MB) Sasol, June 30, 2017, accessed on November 27, 2017 (English).
- ^ US Department of Energy. National Energy Technology Laboratory: History of Gasification . ( Memento from June 7, 2013 in the Internet Archive )
- ↑ The secret oil company from South Africa on handelsblatt.com from August 30, 2006, accessed on March 6, 2012
- ^ A b John Collings: Mind Over Matter - The Sasol Story: A half-century of technological innovation. (PDF; 4.5 MB) Sasol, accessed on November 27, 2017 (English).
- ↑ Merisol: About Us ( memento of the original from January 24, 2016 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ INEOS Enterprises to acquire Sasol's German based European Solvent Business.
- ↑ Cartel hunters condemn the wax mafia to a record fine on spiegel.de from October 1, 2008, accessed on March 6, 2012
