Sasol Limited · JSE:SOL
Sasol — 20th World Petroleum Congress (December 2011)
28 slides from Sasol's conference presentation, December 2011
Slide 1: 20th World Petroleum Congress
20th World Petroleum Congress Industry solutions for downstream challenges David Constable - Sasol Limited 1
Slide 2: Contents
Contents Downstream challenges Introduction to Sasol Global trends and Sasol’s response The GTL and New Energy model Partnership delivering value – the Mozambique gas project ORYX GTL – a perfect platform for growth 2
Slide 3: Downstream challenges
Downstream challenges Drive for cleaner fuels and reduced emissions from regulators The downstream ability to Desire for improved deliver technologies that efficiency and performance offer cleaner, cost effective by customers and more energy efficient solutions will define the Growing expectations 2
Slide 4: Contents: Introduction to Sasol
Contents Downstream challenges Introduction to Sasol Global trends and Sasol’s response The GTL and New Energy model Partnership delivering value – the Mozambique gas project ORYX GTL – a perfect platform for growth 4
Slide 5: Introduction to Sasol
Introduction to Sasol > Sasol is an integrated energy and chemicals company > The world’s largest producer of synthetic fuels > World leader in gas-to-liquids (GTL) and coal-to-liquids (CTL) technology > 60 years’ experience in CTL, GTL and related technology > Operating and technical expertise > St
Slide 6: Our integrated business model
Our integrated business model Crude oil – open market purchases Fuel Refining and components blending Exploration and Syngas production of GTL/CTL production Marketing feedstock Recovery and technology Co-products of • Coal beneficiation (LT or HT) products • Gas • Oil Chemical Chemical workup feeds
Slide 7: Contents: Global trends and Sasol's response
Contents Downstream challenges Introduction to Sasol Global trends and Sasol’s response The GTL and New Energy model Partnership delivering value – the Mozambique gas project ORYX GTL – a perfect platform for growth 7
Slide 8: GDP index
Global GDP has recovered to above pre-crisis levels, but growth is primarily driven by developing countries Historic GDP Index (including 2011 forecast) (2005 as base year) 150 130 GDP index 110 Advanced economies only likely to exceed pre-crisis GDP levels in 2011 90 2005 2006 2007 2008 2009 2010 2
Slide 9: GDP growth (%)
Global economic recovery has been underpinned by growth in emerging markets Regional and world GDP growth (% growth y/y) 6 GDP growth (%) 3 0 -3 2005 2006 2007 2008 2009 2010 2011F Advanced nations GDP Emerging and developing nations GDP World GDP Source: IMF, own calculations 9
Slide 10: Global trends
Global trends The twenty first century – ‘century of gas’ Emerging trends Global energy fuel mix (%) > Global energy usage is shifting from 50 Oil oil to gas and renewables > With advent of shale and other 40 unconventional gas resources, gas could be the bridge to new 30 Coal energy for next ~30 ye
Slide 11: Global trends: Sasol's response
Global trends Sasol’s response De-link of oil/gas Sasol recently acquired price ratio creates a • Opportunity to acquire 50% of Farrell Creek window for GTL and further shale gas and Cypress A shale other gas based • GTL opportunities gas assets in Canada projects World population increases by up to
Slide 12: Sasol's response: The role of chemicals
Sasol’s response The role of chemicals > In 2011 chemicals generated one third of group operating profit > Chemicals provide a balance to Sasol’s GTL portfolio, and are less dependent on oil/gas ratio > Optimising integration opportunities spreads risk and maximises value > Some Sasol chemical busin
Slide 13: Ethylene tetramerisation
Sasol’s response Ethylene tetramerisation Sasol patented and commercialised the selective production of 1-octene in 2010 > Next generation tetramerisation technology already in progress > Construction underway of state-of-the art tetramerisation unit in Louisiana, USA - An ideal site – ethylene feed
Slide 14: Artist's impression of Sasol tetramerisation plant
Artist’s impression of Sasol tetramerisation plant 14
Slide 15: Contents: The GTL and New Energy model
Contents Downstream challenges Introduction to Sasol Global trends and Sasol’s response The GTL and New Energy model Partnership delivering value – the Mozambique gas project ORYX GTL – a perfect platform for growth 15
Slide 16: Sasol New Energy
Sasol New Energy Exploring new energy options and technologies > Electricity generated from two 100 MW open-cycle gas turbines at Sasol Synfuels, Secunda, being sold to Eskom (commissioned 2010) > New R1,8bn Sasolburg power project (140MW) in execution – operational in 2013 > Increases self generate
Slide 17: Open cycle gas turbine
Open cycle gas turbine Secunda, South Africa 17
Slide 18: ORYX GTL, Sasol's GTL flagship
ORYX GTL, Sasol’s GTL flagship In operation and highly successful > Joint venture between Qatar Petroleum (51%) and Sasol (49%) > 32 400 bbl/d design capacity, producing ultra-low sulphur diesel, naphtha and LPG > Stable operation (80 - 90% capacity utilisation) > Instantaneous production record of
Slide 19: ORYX GTL
SaSOL ORYX GTL 19
Slide 20: Uzbekistan GTL
Uzbekistan GTL Karshi, Uzbekistan > Uzbekneftegaz, Sasol and PETRONAS established a joint venture – December 2009 > Executing joint FEED study > Targeting nominal plant capacity of 1,4 million tons per annum > Product slate target – GTL diesel, GTL kerosene and GTL naphtha > The plant will be locate
Slide 21: Sasol major acquisitions
Sasol major acquisitions Canada – shale gas > Sasol recently acquired 50% of Farrell Creek and Cypress A in the Montney Basin > One of the most prolific shale plays in North America Montney Basin, > All year access and excellent British Colombia infrastructure > Sasol/Talisman partnership on 108 000
Slide 22: Contents: Mozambique gas project
Contents Downstream challenges Introduction to Sasol Global trends and Sasol’s response The GTL and New Energy model Partnership delivering value – the Mozambique gas project ORYX GTL – a perfect platform for growth 22
Slide 23: Mozambique natural gas project
Mozambique natural gas project A pioneering project in partnership between Sasol and the Mozambique and South African governments > Sasol 70% (Operator), Companhia Moçambicana Hidrocarbonetos 25%, International Finance Corporation 5%, in natural gas central processing facility > 50% Sasol and 25% ea
Slide 24: Positive impact of natural gas operations in Mozambique
Positive impact of natural gas operations in Mozambique > Sasol’s operation has become a catalyst for social development > US$13 million spent on social projects in Mozambique > 60% of employees in Mozambique are local > 205 contracts valued at US$64 million awarded to local service providers in 201
Slide 25: Contents: ORYX GTL
Contents Downstream challenges Introduction to Sasol Global trends and Sasol’s response The GTL and New Energy model – value adding to gas Partnership delivering value – Qatar, Canada and Mozambique ORYX GTL – a perfect platform for growth 25
Slide 26: ORYX GTL
ORYX GTL Helping Qatar realise its vision to be the ‘gas capital of the world’ > Attracted the global financial community to invest in first-of-a-kind technology > Qatar via ORYX GTL used advanced chemical engineering to diversify product slate > ORYX GTL has been producing for over four years > A c
Slide 27: ORYX GTL is what success looks like
ORYX GTL is what success looks like 27
Slide 28: Thank you
ef e reaching new frontiers eo
Sasol — 20th World Petroleum Congress (December 2011) on 6ix