Sasol has announced that it has established Sasol Ventures to advance Sasol’s decarbonisation and 2050 net zero ambitions through venture capital. It will invest €50 million over the next five years, making it the largest chemicals and industry venture capital fund in South Africa.
Sasol has partnered with Emerald Technology Ventures, a specialised 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 maximise its innovation opportunities. It will compliment 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 decarbonise its business, communities and markets it serves globally.
