Word: sasol
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...Germany, that propped up apartheid for decades and that operates a plant with the dubious distinction of being the world's biggest single-point source of carbon dioxide. Only a die-hard optimist could talk up such a company, right? Meet Pat Davies, head of South African energy giant Sasol, and listen to him speak about its prospects. "We're coming into a sweet spot, a unique position," he says with a calm, easy smile. "We're in the lead position worldwide in what we do, and there's enormous interest in us right...
...transformation of Sasol from a company with the most dubious of pasts into a company with the brightest of futures illuminates our can't-live-with-it, can't-live-without-it relationship to oil. The future well-being of the planet depends on our reduction of fossil-fuel emissions. On the other hand, the future well-being of much of humanity depends on our continued use of fossil fuels. The way companies like Sasol negotiate this dilemma will help determine the future...
...actually allows coal to run cars. The process, in which coal is converted into synthetic gasoline or diesel, was first developed by two German scientists in 1928, allowing Nazi Germany to produce more than 124,000 barrels a day in 1944, the last full year of World War II. Sasol, a South African firm, has the only existing large-scale plants, and operates in 20 countries. In the U.S. advocates have suggested for decades that "coal-to-liquid" production is a way to reduce dependence on foreign oil. At least nine other states are looking into it, including Illinois, West...
...Companies are gearing up for that possibility. Sasol executives have already toured Montana and Illinois to gauge interest, conducted discussions with firms such as General Electric and sought out lawmakers in Washington, DC, to talk about investing in the U.S. President Bush and Congress nudged matters forward this summer by creating tax-incentives and loan guarantees that make investing in coal-conversion plants less risky financially...
South Africa's national electricity supplier, eskom, and its petroleum producer SASOL are both providing Zimbabwe with services for which the Mugabe government has no foreign exchange to pay. Zimbabwe depends on South Africa for most of its technical support and consumer goods and, with its agricultural sector seriously damaged by the land invasions, it is now looking to its southern neighbor for staple food supplies. Just as the isolated, white-minority government of Rhodesia once depended for its survival on apartheid-era South Africa, now beleaguered Zimbabwe considers President Mbeki's South Africa to be its lifeline...