News Feed Item
Frost & Sullivan Honours Sasol for Continuing to Evolve its Innovation Strategy to Serve New Markets and Stay Relevant
|By PR Newswire
|August 19, 2014 03:00 AM EDT
- Sasol has had an undeniable impact on the South African society and economy and continues to expand rapidly into a multinational company
CAPE TOWN, South Africa, Aug. 19, 2014 /PRNewswire/ -- Based on its recent analysis of the chemicals and materials market in the energy sector, Frost & Sullivan recognises Sasol with the 2014 African Frost & Sullivan Award for Visionary Innovation. Through its Group Technology function, Sasol's continuous search for new ways of innovation places it among the cream of South African innovators and underlines its commitment to understanding and leveraging the Mega Trend of 'Innovation to Zero'.
Companies in the energy sector are expected to increasingly become a part of the 'Innovation to Zero' movement through zero emission technologies (wind power, renewables) and full beneficiation of resources (coal, steel, platinum). Sasol, for its part, innovates around its own environmental footprint, resources capital, people, as well future business. By focusing on lower-carbon technologies, it has demonstrated a robust understanding of the concept of Innovation to Zero. The company's closest competitor, although a pioneer of a number of best practice innovation concepts, has limited its focus to sectors that support only incremental innovation.
"Central to innovation are the three principles of: innovation process, knowledge and competency, and organisational support; Sasol has a strong foundation in all three," said Frost & Sullivan Team Leader for Chemical Materials & Food, Avril Harvey. "It has comprehensive knowledge management tools in place and the main body of the organisation supports innovation as a core function."
Owing to its determination to address market requirements, Sasol's services and products have evolved to suit current needs. It has ensured a constant high standard of research facilities and systems to deliver technical opportunities and excellence as well as guarantee sustainable growth and profits. It also has a strong intellectual property (IP) portfolio, which currently boasts more than 300 active patent families.
Sasol is growing at an impressive rate, and is already in the top 10 most valuable companies on the Johannesburg Stock Exchange. It is also the world leader in coal-to-liquids (CTL) and operates the second largest commercial gas-to-liquids (GTL) facility.
"Sasol is currently building a world-scale ethane cracker and downstream derivatives units and a 96 000 barrels per day GTL facility in the US; the largest ever foreign direct investment in Louisiana," noted Harvey. "In Southern Africa, it is involved at all levels of the development of human capital through its various programs that extend from schools to advanced post graduate programmes."
Overall, Sasol's history of innovation and unceasing focus on keeping pace with market needs make it a worthy recipient of the 2014 African Frost & Sullivan Award for Visionary Innovation in the chemicals and materials market in the energy sector.
Each year, Frost & Sullivan presents this award to the company that has demonstrated the understanding to leverage global Mega Trends, integrate the vision into processes to achieve strategic excellence. The award recognises the efficacy of the recipient's innovative process and the impact it has on business and society at large.
Frost & Sullivan Best Practices awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
Sasol was established in 1950 in South Africa and and was a global frontrunner in developing commercial ability to convert coal to liquid fuels and chemicals (CTL). Sasol remains a large investor in South Africa and contributes significantly to skills development and technological research and development in the country. The company is listed on the JSE Limited in South Africa and on the New York Stock Exchange in the US.
Sasol is a global producer of synthetic fuels and is also involved in coal mining in South Africa; natural gas and condensate production in Mozambique, oil extraction in Gabon and exploitation of shale gas in Canada. Sasol also has a retail presence, currently only in South Africa, for liquid fuels and industrial gas and provides fuel wholesale to other countries in the region.
For over 60 years, Sasol has been developing and commercialising innovative energy-related technologies, first with coal as a feedstock, then with gas. Into the future, Sasol plans to continue to develop, along with changing market needs and expectations, moving toward the current need for energy.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Corporate Communications – Africa
E: [email protected]
Head | Group Media Relations
E: [email protected]
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the:
The transformation of IT to a DevOps, microservices, and container-based architecture
What are containers and how DevOps practices can operate in a container-based environment
A demonstration of how ...
Dec. 8, 2016 01:15 PM EST Reads: 1,153
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair
The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY.
"DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...
Dec. 8, 2016 01:15 PM EST Reads: 711
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY.
Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
Dec. 8, 2016 01:00 PM EST Reads: 447
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time.
In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
Dec. 8, 2016 01:00 PM EST Reads: 1,177
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Dec. 8, 2016 12:45 PM EST Reads: 1,733
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes.
In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
Dec. 8, 2016 12:45 PM EST Reads: 1,221
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 12:15 PM EST Reads: 1,104
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 8, 2016 12:00 PM EST Reads: 2,179
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT.
In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal...
Dec. 8, 2016 12:00 PM EST Reads: 491
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 8, 2016 11:30 AM EST Reads: 2,329
"This is specifically designed to accommodate some of the needs for high availability and failover in a network managed system for the major Korean corporations," stated Thomas Masters, Managing Director at InfranicsUSA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 11:21 AM EST Reads: 211
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 11:00 AM EST Reads: 895
"Coalfire is a cyber-risk, security and compliance assessment and advisory services firm. We do a lot of work with the cloud service provider community," explained Ryan McGowan, Vice President, Sales (West) at Coalfire Systems, Inc., in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 11:00 AM EST Reads: 988
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Dec. 8, 2016 10:30 AM EST Reads: 7,305
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen.
In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
Dec. 8, 2016 10:30 AM EST Reads: 530