- In their latest production and sales metrics report leading up to 31st March 2024, South Africa’s petro-chemicals giant, Sasol, has reported a drop in fuel production due to reduced overall equipment availability and operational instability.
- Sasol is one of the worlds biggest air polluters and were recently granted permission by the South African government who are one of their major shareholders, to bypass minimum emmission standards at their Secunda plant. Read more
The company that manufactures fuel from coal saw production volumes at its Secunda hub in the three months through March drop 9% from the previous quarter. The reports that this is “due to reduced overall equipment availability and operational instability.” Volumes for the financial year are expected at between 6.9 and 7.1 million tons, missing guidance of 7-7.3 million tons.
The company is not specific on their operational instability. Link to their full production and sales metrics report HERE: 2024-04-23 Production and sales metrics for the nine months ended 31 March 2024_0
Sasol share price has plunged 13.2% in the last 5 days.
Author: Bryan Groenendaal
