content_image/264350.jpg content_image/264351.jpg content_image/264352.jpg
## o highlights 

<img src='content_image/264350.jpg'>

o Reported operating profit despite increased spending on growth programme 

o Submitted project application report for China CTL plant 

o Approved 10% debottlenecking of Oryx GTL facility 

o Commenced feasibility study of Uzbekistan GTL opportunity 

<img src='content_image/264351.jpg'>

## Environmental 

<img src='content_image/264352.jpg'>

In 2010, production activities at our Oryx gas-to-liquids (GTL) facility resulted in the direct emission of 1,6 Mt of the greenhouse gas, carbon dioxide. Total water use in 2010 was 1,4 million cubic metres (Mm$^{3}$). 

## Performing across the board 

Achieving profitability, despite increased spending on growth projects, crowned a good year for Sasol Synfuels International (SSI). The business also made many other advances in the year. 

We recorded a significant improvement in the performance and service life of our proprietary cobalt catalyst at Oryx GTL, where the joint venture sustained high production rates during the second half of the 2010 financial year. Encouraged by the success of this facility in Qatar, we assessed other gas-based opportunities and launched a GTL feasibility study in Uzbekistan. We also made good progress in our endeavours to establish CTL businesses in China, India and Indonesia. 

SSI retained its world-class safety record even though the RCR increased slightly from 0,30 in 2009 to 0,31 in 2010. In line with our values of safety and continuous improvement, we will remain focused on efforts to improve the safety behaviour and environment of our employees and service providers. 

## Turning a profi t 

SSI reported an operating profi t of R131 million, after an operating loss of R235 million in 2009. This was despite higher spending on studies to assess various growth opportunities. 

## Experiencing an improving GTL landscape 

In the past few years, faced with high global gas prices and competition with liquefied natural gas (LNG), Sasol has 

focused its GTL ambitions on a limited number of bespoke opportunities, responding to the specifi c reasons motivating host countries to realise GTL opportunities. However, new technology to extract shale gas at much lower cost than in the past has recently led to an increase in shale gas development, initially mainly in the USA. In turn, this has resulted in a reduction in the price of natural gas relative to oil, as well as an oversupply of LNG, further exacerbated by ongoing global economic turbulence. This new energy landscape seems to suggest – at least in the short to medium term – a window of opportunity for new GTL opportunities. SSI is considering a number of these, with many countries looking to monetise their stranded gas reserves by producing environmentally friendly, quality products that sell at a premium. 

