Sasol to Receive Carbon Credits
Monday July 23, 8:16 am ET
JOHANNESBURG, South Africa, July 23 /PRNewswire-FirstCall/ — Sasol (JSE: SOL; NYSE: SSL) has become the first company globally to register a nitrous oxide (N2O) abatement project using secondary catalyst technology to convert the greenhouse gas N2O into harmless nitrogen and oxygen gases. The project is expected to earn significant income through sales of the resulting carbon credits. A share of these carbon credits will be invested to benefit local community-based sustainable development projects.
“This project reflects our continuous drive to decrease the impact of our operations on the environment through the use of innovative technologies. It offers significant environmental benefits for Sasol, our local communities and South Africa,” says Dr Reiner Groh, group general manager, Sasol Chemical Businesses.