Energy Efficiency, GHG Emissions, Finance - February 21, 2023
Sasol Launches VC Fund For Decarbonization Goals
Sasol announced that it has established Sasol Ventures to advance Sasol’s decarbonization and 2050 net zero ambitions through venture capital by investing €50 million over the next five years.
The chemicals company partnered with Emerald Technology Ventures, a specialized 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’s global energy transformation fund to maximize its innovation opportunities, which will complement Sasol’s existing Research and Technology capabilities in sourcing and evaluating technologies and solutions.
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 decarbonize its business, communities and markets it serves globally.
“We 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,” said Fleetwood Grobler, President and Chief Executive Officer of Sasol in a statement.