Air Liquide and Sasol Sign First Long-term Contracts for Supply of Renewable Energy to the Secunda Site
January 24 2023 - 1:45AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) and Sasol have signed
two Power Purchase Agreements (PPA) with Enel Green Power for the
long-term supply of a total capacity of 220 MW of renewable power
to Sasol’s Secunda site, in South Africa, where Air Liquide
operates the biggest oxygen production site in the world. These
PPAs are the first results of the Request for Proposal (RFP)
process launched jointly by Air Liquide and Sasol in April, 2021,
for the procurement of a total capacity of 900 MW of renewable
energy. They will significantly contribute to the decarbonization
of the Secunda site, and in particular to the targeted reduction by
30 % to 40 % of the CO2 emissions associated with the oxygen
production by 2031.
Within the framework of these agreements with Air Liquide and
Sasol, two local majority owned wind projects will be created by
Enel Green Power, the Enel Group subsidiary dedicated to the
development and management of power generated from renewable
resources worldwide. The 220 MW wind powered renewable electricity
production capacity is scheduled to be operational in 2025. This
agreement is subject to regulatory and financial approvals.
Ronnie Chalmers, Vice President and Executive Committee
Member of the Air Liquide Group, in charge of Africa Middle East
& India, said: “By signing these long-term PPAs with Enel
Green Power, Air Liquide and Sasol actively support the development
of renewable energies in South Africa, for the benefit of the South
African electrical power system and the fight against global
warming. This will also contribute to the South African social
transformation and a “Just Transition”, and more generally to South
Africa’s economy and environment. In line with Air Liquide’s
Sustainable Development objectives, and its ADVANCE strategic plan,
which include reducing its absolute CO2 emissions starting around
2025 and reaching carbon neutrality by 2050, these PPAs also
demonstrate the Group’s capacity to collaborate with its customers
to provide solutions which contribute to the decarbonization of its
assets as well as of its clients.”
“Sasol and Air Liquide’s efforts to procure a total of 900 MW
of renewable energy to decarbonise our respective operations at
Secunda is another step towards Sasol’s aim to procure 1.200 MW of
renewable energy capacity from IPPs by 2030, representing one of
the largest renewable energy procurement programmes from the
private sector in South Africa”, says Priscillah
Mabelane, Executive Vice President of Sasol’s Energy Business.
“Sasol’s Renewable Energy Programme is aligned to the
government’s REIPPP programme and plays a key role in creating
alternative sources of energy for grid expansion to address South
Africa’s current energy capacity constraints. Our work in the
renewable energy space to secure PPA partners demonstrates the real
progress Sasol is making towards its decarbonisation and
ultimately, the development of a green economy”, Mabelane
added.
In April 2021, Air Liquide and Sasol launched the largest
corporate effort in South Africa to procure a total of 900 MW of
renewable energy for their operations in Secunda, with an
allocation of 500 MW to Sasol and 400 MW to Air Liquide. The two
companies are negotiating with the remaining preferred bidders to
this RFP to complete the balance of the renewable energy requested
within the coming months.
Air Liquide acquired Sasol’s 16 oxygen production units in
Secunda and has been operating them since June 2021, in the
framework of a long-term supply contract with its long-term
partner. Including another Air Separation Unit (ASU) it already
operated for Sasol, Air Liquide thus now operates a total of 17
ASUs in Secunda, with a total capacity of 47,000 tonnes/day of
oxygen. Air Liquide plans to reduce by 30 % to 40 % the CO2
emissions (Scope 2) arising from its operations on the Secunda site
through a multi-year investment and modernization plan and a steep
increase of the site’s procurement in renewable energies.
About Air Liquide
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 75 countries with
approximately 66,400 employees and serves more than 3.8 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 23 billion euros in
2021. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50 and FTSE4Good indexes.
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 safely and sustainably source, produce and market a range of
high-quality products in 23 countries, creating value for
stakeholders. Our purpose ‘innovating for a better world’ compels
us to deliver on triple bottom line outcomes of People, Planet and
Profit, responsibly and always with the intent to be a force for
good.
We have prioritised five Sustainable Development Goals to ensure
our business is environmentally, socially and economically
sustainable.
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
www.airliquide.com
Follow us on Twitter @airliquidegroup
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230123005855/en/
AIR LIQUIDE
Corporate Communications media@airliquide.com
Investor Relations IRTeam@airliquide.com
SASOL
Corporate Communications 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 Direct
telephone: +27 (0) 11 441 3252, Mobile: +27 (0) 82 773 9457
matebello.motloung@sasol.com
C3 AI (NYSE:AI)
Historical Stock Chart
From Jun 2024 to Jul 2024
C3 AI (NYSE:AI)
Historical Stock Chart
From Jul 2023 to Jul 2024