Sasol (NYSE: SSL) is a multinational gas and oil company based in South Africa that produces a wide array of chemical and liquid fuels. ^[1] Sasol specializes in gas-to-liquid (GTL) and coal-to-liquid (CTL) technologies, which convert natural gas and coal to diesel and other liquid fuels, and it is the largest producer of motor fuels from coal worldwide. ^{[2] [3]} CTL and GTL technology have been attracting attention recently because they provide an alternative to traditional oil extraction and have the potential to give countries with little petroleum resources the opportunity to generate fuel.

Originally South Africa's state energy company,^[4] Sasol dominates the South African energy industry accounting for roughly 35% of South Africa’s liquid fuel needs and producing over 4% of the country’s GDP.^{[5] [6]} However, Sasol is also growing globally to meet increasing demand for its CTL and GTL services. The company has constructed a GTL facility in Qatar and is constructing another facility in Nigeria. ^[3] Sasol’s earnings are sensitive to the price of oil because its fuel production processes are more expensive than traditional extraction. In addition, while CTL and GTL technologies are alternative methods of producing fuel, they also emit pollution and greenhouse gases. Still, with worldwide demand for energy at consistently high levels, fed by developing nations, and demand for CTL/GTL technology increasing, Sasol is in prime position to lead a new trend in the global energy market.

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