ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Sasol Chemicals achieves sustainability milestone at three largest European sites

Manufacturing facilities in Germany, Italy earn ISCC-PLUS certification

Sasol Chemicals, a business unit of Sasol Ltd. (JSE: SOL; NYSE: SSL), has earned certification from the International Sustainability and Carbon Certification (ISCC) system for its three largest manufacturing facilities in Europe.

The company’s facilities in Marl and Brunsbüttel, Germany, and Augusta, Italy, have earned ISCC-PLUS certification for the use of mass balanced bio-based and recycled feedstocks in the production of alcohols, ethoxylates, linear alkylbenzenes and derivatives – key building blocks in a wide range of consumer and industrial products.

“This is an important milestone in our sustainability journey and a key enabler of our goal to reduce CO2 emissions,” said Jens Straatmann, Senior Vice President, Eurasia Chemicals. “Our customers are increasingly calling for more products made from sustainable raw materials. Now, they can have confidence that Sasol’s high-performing products meet international standards for the sourcing and inclusion of circular and renewable feedstocks.”

ISCC is a certification system that offers solutions for the implementation and certification of sustainable, deforestation-free and traceable supply chains of agricultural, forestry, waste and residue raw materials, non-bio renewables and recycled carbon materials and fuels.

Sasol Chemicals’ German facilities are using mass balanced bio-ethylene, made from plant-based biomass and waste, along with recycled ethylene. Its Augusta facility is using mass balanced bio-benzene, recycled benzene and bio-recycled benzene. These sustainable products are mixed with traditional feedstocks in a process called mass balancing, a major step in the transition to a fully sustainable economy. Using the mass balance approach, Sasol Chemicals traces the flow of materials through its value chain to ensure that its end products are ISCC-compliant.

“The use of mass balancing is critical today because it enables us to incorporate sustainable materials while still meeting the global demand for chemicals,” said Shelley Grahmann, Senior Vice President, Strategy, Sustainability and Human Capital. “The current availability of bio and recycled materials is limited, but as their supply grows, we can increase their use and further reduce our dependence on fossil fuel-based feedstocks.”

To earn the ISCC-PLUS designation, the facilities underwent independent third-party audits to ensure compliance with high ecological and social sustainability requirements, greenhouse gas emissions savings and traceability throughout the supply chain.

Sasol Chemicals is targeting a 30 percent reduction in scope 1 and scope 2 greenhouse gas emissions by 2030. It is also focused on reducing scope 3 emissions through collaboration with customers, suppliers and industry alliances to develop sustainable and circular solutions. These goals are part of parent company Sasol Ltd.’s commitment to net zero by 2050.

About Sasol Chemicals

Sasol Chemicals is a solutions provider focused on sustainability, circularity and specialties. It fulfills its purpose of “Innovating for a better world” by offering a broad, state-of-the-art portfolio of specialty and commodity chemicals for a wide range of applications and industries.

Our solutions are used by more than 7,500 customers, in 120 countries, in countless products that improve the quality of life for people around the world. They also provide the building blocks for a sustainable future by helping reduce energy usage, waste and packaging, and by providing solutions to the renewable energy industry.

Sasol Chemicals is a business of Sasol Limited, a leading chemicals and energy company focused on creating sustainable value for our stakeholders. For more information, visit the Sasol Chemicals website.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.