SASOL SIGNS MEMORANDUM OF UNDERSTANDING WITH THE INDONESIAN GOVERNMENT
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3 December 2009
Sasol, with the Government of the Republic of Indonesia, today signed a Memorandum of Understanding which facilitates the commencement of a screening study into the viability of an integrated Coal-to-Liquids (CTL) project in the Republic of Indonesia, using Sasol's proprietary technology.
The Memorandum of Understanding was signed in London by Gita Wirjawan, the chairman of the Investment Coordination Board of the Republic of Indonesia and Ernst Oberholster, the managing director of Sasol Synfuels International (Pty)
Limited.
Sasol has been producing fuels and chemicals from coal for over fifty years in South Africa and operates the world's only commercial scale coal-based
synthetic fuels manufacturing facility at Secunda in South Africa. Based on the outcome of the study, Sasol's proprietary technology may be deployed to produce
approximately 80 000 barrels per day of high quality ultra-clean transportation fuels, from Indonesia's abundant domestic lignite coal reserves.
Indonesia's wealth of stranded coal resources, coupled with the country's strategic drive for enhanced energy security are two vital components that
favourably contribute to Indonesia being an ideal location for a CTL facility. Such a facility could make a significant contribution to the Indonesian economy
through savings in foreign exchange, skills development and job creation and the production of value-adding products.
Sasol is committed to improving energy and carbon efficiency through a variety of measures. The potential CTL facility in Indonesia would be designed with the latest clean production technologies, abatement and treatment processes adhering to world class environmental standards.
Sasol is investigating a number of options to reduce carbon emissions and one such area of focus is the development of effective Carbon Capture and Storage
technologies. Sasol recently announced it will explore the possibility of becoming a participant in the European CO2 Technology Centre Mongstad (TCM) currently under construction in Norway.
ENDS.
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Sasol may, in this document, make statements that are not historical facts and relate to analyses and other information based on forecasts of future results and estimates of amounts not yet determinable. These are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavor" and "project" and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may be very different from those anticipated. The factors that could cause our actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements are discussed more fully in our registration statement under the Securities Exchange Act of 1934 on Form 20-F filed on October 9, 2009 and in other filings with the United States Securities and Exchange Commission. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
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