SUCCESSFUL CONCLUSION OF THE DECISION OF THE MINISTER OF FORESTRY, FISHERIES AND THE ENVIRONMENT ON SASOL'S APPEAL RELATED TO ITS CLAUSE 12A APPLICATION

Rhea-AI Summary

Sasol (SSL) has received a favorable decision from the Minister of Forestry, Fisheries and the Environment regarding its appeal for alternative regulation of sulphur dioxide (SO2) emissions at its Secunda Operations. The Minister has permitted SO2 emissions from the steam plant boilers to be regulated on an alternative emission load basis from 1 April 2025 to 31 March 2030. On 26 July 2024, Sasol was notified of the concentration-based limits to be applied alongside the load-based limit. This decision allows Sasol to proceed with implementing its load-based integrated solution.

Sasol will now apply to the local licensing authority to incorporate these limits into its atmospheric emissions license (AEL) for Secunda Operations, ensuring lawful operations from 1 April 2025. This development marks a significant regulatory milestone for Sasol's environmental compliance strategy.

Positive

• Approval of alternative emission regulation for SO2 from 2025 to 2030
• Permission to implement load-based integrated solution for emissions control
• Potential for improved operational flexibility with new emission limits

Negative

• Ongoing regulatory requirements may impact operational costs
• Need to apply for and obtain updated atmospheric emissions license

News Market Reaction – SSL

-1.16%

1 alert

-1.16% News Effect

On the day this news was published, SSL declined 1.16%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

JOHANNESBURG, July 29, 2024 /PRNewswire/ -- Shareholders are referred to Sasol's SENS announcement of 8 April 2024 in which it was stated that the Minister of Forestry, Fisheries and the Environment permitted sulphur dioxide (SO2) emissions, generated from the boilers at our Secunda Operations' steam plants, to be regulated on an alternative emission load basis from 1 April 2025 to 31 March 2030. It was further stated that the decision was contingent on the finalisation of a further regulatory requirement for it to take full effect.

On 26 July 2024, Sasol received notification of the concentration-based limits the Minister has determined to be applied with the load-based limit. This decision must be read in conjunction with the decision issued by the Minister on 5 April 2025. Sasol can accordingly continue with the implementation of its load-based integrated solution.

Sasol will apply to the local licensing authority to incorporate the above-mentioned limits in the atmospheric emissions license (AEL) for its Secunda Operations, to give effect to the Ministers decision. The varied AEL will enable lawful operations from 1 April 2025.

The decision is available on our website: www.sasol.com.

For further information, please contact:
Sasol Investor Relations,
Tiffany Sydow, VP Investor Relations
Telephone: +27 (0) 71 673 1929
investor.relations@sasol.com

View original content:https://www.prnewswire.com/news-releases/successful-conclusion-of-the-decision-of-the-minister-of-forestry-fisheries-and-the-environment-on-sasols-appeal-related-to-its-clause-12a-application-302208361.html

SOURCE Sasol Limited

FAQ

What decision did Sasol (SSL) receive from the Minister of Forestry, Fisheries and the Environment?

Sasol received approval to regulate sulphur dioxide emissions from its Secunda Operations' steam plant boilers on an alternative emission load basis from April 1, 2025, to March 31, 2030.

When will the new emission regulations for Sasol (SSL) take effect?

The new emission regulations for Sasol's Secunda Operations will take effect from April 1, 2025, subject to the incorporation of the limits into their atmospheric emissions license.

What is Sasol (SSL) required to do next regarding its emissions license?

Sasol is required to apply to the local licensing authority to incorporate the new emission limits into its atmospheric emissions license (AEL) for Secunda Operations.

How long is the period granted to Sasol (SSL) for alternative emission regulation?

Sasol has been granted a five-year period for alternative emission regulation, from April 1, 2025, to March 31, 2030.