Welcome!

News Feed Item

Frost & Sullivan Honours Sasol for Continuing to Evolve its Innovation Strategy to Serve New Markets and Stay Relevant

- 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.

About Sasol

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

Contact:

Samantha James
Corporate Communications – Africa
P: +27-21-680-3574
F: +27-21-680-3296
E: [email protected] 
T: @FrostSullivanSA 
http://www.frost.com

Alex Anderson
Head | Group Media Relations
P: +27-11-441-3295 
F: +27-11-219-1126 
E: [email protected] 
www.sasol.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
SYS-CON Events announced today that CollabNet (www.collabnet.com) a global leader in enterprise software development and delivery solutions that help customers create high-quality applications at speed, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The CEO of CollabNet Flint Brenton will also present about DevOps challenges in today’s global, open, and heterogeneous world of software development.
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...