Sasol Warns of Hit to North American Operations From Hurricane Laura
October 22 2020 - 01:57AM
Dow Jones News
By Adria Calatayud
Sasol Ltd. warned Thursday of a hit to its North American
operations from Hurricane Laura in the first quarter of fiscal
2021.
The South Africa-based petrochemical and energy company said
Hurricane Laura, which made landfall on Aug. 27 near its Lake
Charles Chemicals Complex in Louisiana, had an impact of around
170,000 tons on the total net saleable tons of its North American
operations for the quarter ending Sept. 30.
Sasol said Hurricane Delta made landfall on Oct. 9 as the
company was making progress toward a restart of the Lake Charles
Chemicals Complex facilities, but no further damage was caused.
Seven chemical manufacturing units have returned to operation
and all remaining units which were operating prior to Hurricane
Laura are expected to return to operation by the end of October,
Sasol said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
October 22, 2020 01:42 ET (05:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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