SOL: SASOL LIMITED: Lake Charles Chemicals Project (LCCP) Ethane Cracker Unit Achieves Beneficial Operation

Date : 08/28/2019 @ 2:13PM
Source : PR Newswire (US)
Stock : Sasol Ltd (SSL)
Quote : 18.25  0.16 (0.88%) @ 9:02PM
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Last Trade
Last $ 18.25 ◊ 0.00 (0.00%)

SOL: SASOL LIMITED: Lake Charles Chemicals Project (LCCP) Ethane Cracker Unit Achieves Beneficial Operation

Sasol (NYSE:SSL)
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6 Months : From Jun 2019 to Dec 2019

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JOHANNESBURG, Aug. 28, 2019 /PRNewswire/ -- In our announcement of 26 August 2019, we confirmed that the 72-hours beneficial operation production test run on the LCCP's Ethane Cracker was at the halfway mark. This test run has now been completed and we have achieved beneficial operation of the unit.

The plant continues to operate stably at a capacity utilisation of around 50%. The current output is utilised by our downstream units and the remainder is sold to external customers. We continue to focus on improving the ethylene quality and ramp up the plant in accordance with our plans.

Disclaimer – Forward-looking statements

Sasol may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves, cost reductions, our Continuous Improvement (CI) initiative and business performance outlook. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavour", "target", "forecast" and "project" and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2018 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.

For further information, please contact:
Feroza Syed
Chief Investor Relations Officer
Direct telephone: +27-(0)-10-344-7778
investor.relations@sasol.com

 

Cision View original content:http://www.prnewswire.com/news-releases/sol-sasol-limited-lake-charles-chemicals-project-lccp-ethane-cracker-unit-achieves-beneficial-operation-300908510.html

SOURCE Sasol Limited

Copyright 2019 PR Newswire

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