Key Takeaways
- • Sasol has established Sasol Ventures, a venture capital arm that will invest €50 million over five years to advance its decarbonisation and 2050 net zero ambitions.
- • The fund is described by Sasol as the largest chemicals and industry venture capital fund in South Africa.
- • Sasol has partnered with Emerald Technology Ventures to source and evaluate opportunities, and has directly invested in Emerald's global energy transformation fund.
- • Sasol Ventures will target start-up and early-stage technologies for sustainable chemicals and energy solutions.
Summary
Sasol has announced the establishment of Sasol Ventures, a venture capital vehicle designed to advance the company's decarbonisation and 2050 net zero ambitions, according to a Business Wire release datelined Johannesburg. The unit will deploy €50 million over the next five years, which Sasol positions as the largest chemicals and industry venture capital fund in South Africa.
To build its deal pipeline, Sasol has partnered with Emerald Technology Ventures, a specialised global venture capital firm. Emerald will help Sasol Ventures source and evaluate opportunities with the objective of growing a portfolio for the fund. Sasol has also made a direct investment in Emerald's global energy transformation fund to broaden its access to innovation. The company said the vehicle complements its existing Research and Technology capabilities in sourcing and evaluating technologies and solutions.
The fund will focus on start-up and early-stage technologies that could enable Sasol to supply sustainable chemicals and energy solutions and decarbonise its own operations, communities and markets. Fleetwood Grobler, President and Chief Executive Officer of Sasol, said Sasol Ventures gives the company access to technology opportunities that will contribute to transforming its business as global energy systems shift toward more sustainable models. Group Chief Financial Officer Hanré Rossouw said the unit would leverage Sasol's financial and intellectual capital through investable prospects intended to create value for the company and its stakeholders.
Start-ups and emerging entities can submit proposals to [email protected].
To build its deal pipeline, Sasol has partnered with Emerald Technology Ventures, a specialised global venture capital firm. Emerald will help Sasol Ventures source and evaluate opportunities with the objective of growing a portfolio for the fund. Sasol has also made a direct investment in Emerald's global energy transformation fund to broaden its access to innovation. The company said the vehicle complements its existing Research and Technology capabilities in sourcing and evaluating technologies and solutions.
The fund will focus on start-up and early-stage technologies that could enable Sasol to supply sustainable chemicals and energy solutions and decarbonise its own operations, communities and markets. Fleetwood Grobler, President and Chief Executive Officer of Sasol, said Sasol Ventures gives the company access to technology opportunities that will contribute to transforming its business as global energy systems shift toward more sustainable models. Group Chief Financial Officer Hanré Rossouw said the unit would leverage Sasol's financial and intellectual capital through investable prospects intended to create value for the company and its stakeholders.
Start-ups and emerging entities can submit proposals to [email protected].
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