Friday 31 July 2020

Paris-based energy and chemical company Sasol has signed an exclusive negotiation agreement for Air Liquide (PAR: AI), a French supplier of industrial gases and services, to acquire a South African oxygen production site, with a goal to reduce CO2 emissions, the company said.

This solution, provided by Air Liquide, would allow, in coordination with Sasol, a targeted reduction of 30% to 40% in CO2 emissions arising from the oxygen production by 2030. The amount of the initial investment would be approximately ZAR 8.5bn (EUR 440m) (USD 521m).