Where Is The Money In South Africa? Sasol!

While oil prices rise above $115/barrel industry companies are looking to alternatives. But some of the alternatives burn dirtier than oil. One of these is coal-to-oil technology. . Sasol officials acknowledge their facilities emit greenhouse gases and that building more coal-to-liquids facilities around the world "could have potentially significant implications, in the long run, for our commitment to reducing carbon intensity," according to a recent company report on its social and environmental programs.
To be fair, Sasol does have future plans with newer technologies which they claim will trap carbon dioxide instead of emitting it but their projection is only a 10% decrease in pollutants by 2015.
Sasol's share price has more than tripled over the past three years. Analysts estimate it earned about $2 billion in the year ended June 30, about 35 percent higher than the year before -- such a sharp rise that South African authorities are contemplating a "windfall tax" on the company.
Coal-to-oil’s technology is tainted. It started in Germany in the 1920’s ad it was used to fuel the Nazi war machine in the 1930s and 1940s. International oil companies also experimented with the process but put it aside because oil was cheaper.
In South Africa, though, circumstances were perfect for exploring Coal-to-oil. There was not much oil around. There was plenty of coal and it had very limited value on the market. In 1950, the government set up Sasol as a state-owned company and authorized funding for its first project, a coal-to-liquids facility called Sasolburg in the South African countryside.
By the time the facilities were completed in the early 1980s, international oil prices were collapsing. The project was nonetheless a success for the white-dominated apartheid government because international sanctions were restricting South Africa's ability to buy foreign oil. Sasol had become 75% privatized by 1979 and their plants managed to stay profitable by continually boosting efficiency and expanding their end products to include plastics, fertilizers and explosives.
A growing focus for Sasol is marketing its technology overseas. The company first tried to do so in the 1990s, after apartheid ended, but executives found doors slammed in their faces. Oil was trading for less than $25 a barrel at the time. "We sat in corridors waiting for meetings that never happened because they didn't even know who Sasol was," recalls Pat Davies, Sasol's chief executive.
Sasol made its first inroads in countries such as Qatar that have big stockpiles of hard-to-transport natural gas. These countries were interested in Sasol's technology for turning natural gas into liquid fuel.
By 2004, Chinese energy planners began meeting with Sasol executives in Beijing to discuss the coal-to-oil process. That was followed by a series of meetings with policy makers and Chinese companies, capped by a gathering in Cape Town in June attended by visiting Chinese Premier Wen Jiabao.
Sasol officials say they're interested in Montana and other potential sites in the U.S., provided they can find a suitable partner and receive tax or other incentives. Coal-to-oil "is coming to the United States," Gov. Schweitzer proclaims. When it does, he says, other countries "will be scrambling to protect their oil supplies -- and we'll be energy independent."
Sasol will continue to thrive but how does an individual in South Africa continue to survive against rapidly increasing gas prices and inflation? There is a solution.
WATER4GAS is providing information for a nominal fee which car owners can use in their garage or wherever to put together a small assembly which instills hydrogen into the fuel/air mixture that their automobile runs on.
With WATER4GAS you can minimumly expect to reduce your fuel usage by thirty to fifty percent or even more. With W4G gasoline is made consumable so you can reduce your fuel usage.
It also helps make emissions significantly cleaner.The percentage of happy customers is about 99%! So how about you?

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