A corporate timeline of Sasol, tracing its founding in 1950 as a South African coal-to-liquids pioneer, its evolution into a global energy and chemical company through technological innovation, international expansions, and financial restructurings, to its modern standing as a diversified player.
Sasol (South African Coal, Oil and Gas Corporation) is established by the South African government to produce oil from coal. #sasol #history
The town of Sasolburg is founded to house workers for the Sasol plant. #sasol #southafrica
Sasol produces synthetic fuel from coal for the first time at its Sasolburg plant, marking a breakthrough in coal-to-liquids technology. #sasol #energy #coal
Sasol Limited lists shares on the Johannesburg Stock Exchange (JSE), opening up ownership to the public. #sasol #finance
Sasol begins development of the Synthol process, an improved method for converting synthesis gas into hydrocarbons. #sasol #technology
Sasol enters a joint venture to build the NATREF crude oil refinery in Sasolburg, diversifying into oil refining. #sasol #oil
Sasol announces the Sasol 2 plant in Secunda, a major expansion to produce synthetic fuels and chemicals. #sasol #expansion
The Sasol 2 plant in Secunda begins production, significantly increasing South Africa's synthetic fuel output. #sasol #energy
Sasol announces the construction of the Sasol 3 plant, further expanding the Secunda complex. #sasol #expansion
Sasol 3 starts production, making the Secunda complex the world's largest coal-to-liquids facility. #sasol #coal
Sasol expands its chemicals division, producing ethylene, propylene, and other petrochemicals from coal-derived feedstocks. #sasol #chemicals
Dr. H.J. van Eck, founding father of Sasol, retires as chairman after leading the company for 40 years. #sasol #leadership
The South African government sells its remaining shares in Sasol, completing privatization and making it a fully private company. #sasol #privatization
Pieter Cox is appointed CEO of Sasol, leading the company through international expansion. #sasol #leadership
Sasol acquires Condea, a German chemical company, for €580 million, expanding its European chemicals presence. #sasol #acquisition #chemicals
Sasol lists on the New York Stock Exchange (NYSE) under the symbol 'SSL', gaining access to U.S. capital markets. #sasol #finance #global
Sasol and Qatar Petroleum approve the Oryx gas-to-liquids (GTL) plant in Qatar, the world's first commercial GTL facility. #sasol #gas #innovation
The Oryx GTL plant in Qatar begins commercial production of synthetic fuels from natural gas. #sasol #gas #energy
Sasol acquires a 50% stake in oil mining leases in Nigeria, expanding upstream oil operations. #sasol #oil #africa
Sasol opens a new ethane cracker at its Sasolburg complex to produce ethylene from ethane. #sasol #chemicals
Sasol announces plans to build a massive gas-to-liquids plant in Louisiana, USA, leveraging shale gas. #sasol #gas #usa
Sasol acquires a 50% stake in Chesapeake Energy's shale gas assets in Canada for $1.1 billion. #sasol #acquisition #shale
Sasol announces a final investment decision for the Lake Charles ethane cracker and downstream units in Louisiana. #sasol #expansion #usa
David Constable takes over as CEO of Sasol, overseeing major U.S. projects. #sasol #leadership
Sasol sells its 50% stake in the Oryx GTL plant to Qatar Petroleum for $1.1 billion. #sasol #divestiture
Sasol gives final approval for the Lake Charles cracker and derivatives project, with a budget of $8.9 billion. #sasol #investment #usa
Sasol announces cost overruns on the Lake Charles project, with estimates rising to $11 billion. #sasol #financial
Sasol announces a restructuring plan, including job cuts of up to 1,200 positions, to reduce costs. #sasol #restructuring
Sasol sells part of its natural gas assets in Mozambique to the Mozambique government for $200 million. #sasol #gas #africa
Sasol sells its Canadian shale gas assets to Tourmaline Oil for $1.1 billion to reduce debt. #sasol #shale #divestiture
Sasol issues a profit warning due to COVID-19 impacts and oil price collapse, announcing a $2 billion debt reduction plan. #sasol #financial #covid
Sasol agrees to sell its coal mining operations in South Africa to a black-owned consortium for $155 million. #sasol #coal #divestiture
Sasol completes the sale of its base chemicals business to LyondellBasell for $2 billion. #sasol #chemicals #divestiture
Sasol announces plans to develop renewable energy projects, including solar and wind, to decarbonize operations. #sasol #renewables #sustainability
Fleetwood Grobler becomes CEO of Sasol, focusing on sustainability and financial turnaround. #sasol #leadership
Sasol completes the final units of the Lake Charles cracker complex, marking full operational capacity. #sasol #expansion #usa
Sasol reports improved annual earnings, driven by higher chemical prices and cost-cutting measures. #sasol #financial
Sasol signs an agreement to develop a green hydrogen hub in South Africa, partnering with industrial firms. #sasol #hydrogen #renewables
Sasol sets a target to achieve net-zero greenhouse gas emissions by 2050, aligning with global climate goals. #sasol #sustainability #climate
Sasol sells its remaining oil exploration assets in Mozambique and Nigeria, exiting upstream oil operations. #sasol #oil #divestiture