Sasol launches venture capital fund to advance decarbonisation ambitions
February 21 2023 - 2:00AM
Business Wire
Sasol has announced that it has established Sasol Ventures to
advance Sasol’s decarbonisation and 2050 net zero ambitions through
venture capital. It will invest €50 million over the next five
years, making it the largest chemicals and industry venture capital
fund in South Africa.
Sasol has partnered with Emerald Technology Ventures, a
specialised global venture capital firm to enable Sasol Ventures to
source and evaluate opportunities with the objective of growing a
portfolio for the fund. Through this partnership, Sasol has also
directly invested in Emerald’s global energy transformation fund to
maximise its innovation opportunities. It will compliment Sasol’s
existing Research and Technology capabilities in sourcing and
evaluating technologies and solutions.
The fund will pursue investments in start-up and early-stage
technologies that will enable Sasol to meet the need for
sustainable chemicals and energy solutions to decarbonise its
business, communities and markets it serves globally.
“We are very excited with the prospect of Sasol Ventures playing
a key role in our decarbonisation ambitions. As the world
accelerates its energy systems towards more sustainable systems
through emerging and disruptive technologies, Sasol Ventures places
us in a position to access technology opportunities that will
contribute to transforming our business,” said Fleetwood Grobler,
President and Chief Executive Officer of Sasol.
“Sasol Ventures is a new dynamic lever to our strategy to
produce sustainable energy and chemicals products for a modern,
thriving society. We look forward to leveraging our financial and
intellectual capital through compelling and investable prospects
that will create value for Sasol and our stakeholders,” added Hanré
Rossouw, Group Chief Financial Officer of Sasol.
Sasol Ventures encourages start-ups and emerging entities to
submit proposals to sasol@emerald.vc.
About Sasol:
Sasol is a global chemicals and energy company. We harness our
knowledge and expertise to integrate sophisticated technologies and
processes into world-scale operating facilities. We strive to
safely and sustainably source, produce and market a range of
high-quality products in 22 countries, preserving and creating
value for stakeholders.
About Emerald Technology Ventures
Emerald is a globally recognized venture capital firm building a
sustainable future at the crossroads of industry and technology.
Founded in 2000, it is a pioneer in open innovation, providing
multi-national corporations with rich deal flow and insight in the
sectors and markets of tomorrow. Emerald has managed and advised
assets of over €1 billion from its offices in Zurich, Toronto and
Singapore. The firm is dedicated to tackling big challenges in
climate change and sustainability via over 500 venture transactions
and five third-party investment mandates, including loan guarantees
to over 100 start-ups. For more information, please visit
www.emerald-ventures.com.
Contact for Emerald: info@emerald-ventures.com
About Sasol’s Information Privacy Policy:
We wish to inform you about the processing of your Personal
Information by Sasol South Africa Limited and your rights under
applicable data protection law, as interpreted and included in
Sasol Information Privacy Policy.
Within our company, only Sasol Group Media Relations will
receive your Personal Information to fulfil the purpose of
maintaining the relationship with the receiver in his/her capacity
as a member of the media. You have the right to request for the
correction or deletion of your Personal Information stored by us at
address: Sasol Place, 50 Katherine Street, Sandton in Johannesburg.
You also have a right to restrict the processing of your
Information. To exercise your privacy rights or find out more about
Information Privacy Policy, kindly contact our Privacy Office on:
privacy@sasol.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230220005254/en/
Issued by: Alex Anderson, Senior Manager: Group Media
Relations and External Communication Mobile : +27 (0) 71 600 9605;
Email: alex.anderson@sasol.com
Matebello Motloung, Manager: Group Media Relations Mobile: +27
(0) 82 773 9457; Email: matebello.motloung@sasol.com
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