Sasol has announced that it has established Sasol Ventures to advance Sasol\u2019s decarbonisation and 2050 net zero ambitions through venture capital. It will invest \u20ac50 million over the next five years, making it the largest chemicals and industry venture capital fund in South Africa.<\/p>\n\n\n\n
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\u2019s global energy transformation fund to maximise its innovation opportunities. It will compliment Sasol\u2019s existing Research and Technology capabilities in sourcing and evaluating technologies and solutions.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
\u201cWe 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,\u201d said Fleetwood Grobler, President and Chief Executive Officer of Sasol.<\/p>\n\n\n\n
\u201cSasol 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,\u201d added Hanr\u00e9 Rossouw, Group Chief Financial Officer of Sasol.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"