JOHANNESBURG, Oct. 22, 2020 /PRNewswire/ -- On 27 August 2020, Hurricane Laura made landfall
near Sasol´s Lake Charles Chemicals Complex (including Lake Charles
Chemicals Project) in Southwest
Louisiana. Sasol was making significant progress towards a
restart of the LCCC facilities, which had to be suspended as a
precautionary measure due to Hurricane Delta. Hurricane Delta made
landfall on 9 October 2020.
Preliminary assessments indicated no further damage caused by
Hurricane Delta, and we are also pleased to report that our
employees have safely resumed their duties. The availability of
sufficient industrial-level power from the local provider has
resulted in the commencement of a coordinated startup of the
complex. The impact of Hurricane Laura on the total net
saleable tons of our North American Operations was approximately
170 kilotons in quarter one of financial year 2021.
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 end October 2020. Commissioning activities of our Low
Density Polyethylene unit have resumed, and beneficial operation is
still trending towards end October
2020.
Sasol will continue to support its employees and the local
community impacted by the hurricanes with relevant resources and
assistance.
PRODUCTION AND SALES METRICS FOR THE THREE MONTHS ENDED
30 SEPTEMBER 2020
Sasol has published its production and sales performance metrics
for the three months ended 30 September
2020, on the Company´s website at www.sasol.com, under the
Investor Centre section or via this URL:
https://www.sasol.com/investor-centre/financial-reporting/business-performance-metrics
A business outlook for Sasol North America is also provided in
the Business Performance Metrics report.
INVESTOR CONFERENCE CALL
Chief Executive Officer, Fleetwood
Grobler, and Chief Financial Officer, Paul Victor, will host a conference call via
webcast (https://www.corpcam.com/Sasol22102020 ) at 15:30 (SA
time) on 22 October 2020.
For further information, please contact:
Sasol
Investor Relations
Feroza Syed, Chief Investor
Relations Officer
Direct telephone: +27 (0) 82 557 7740
investor.relations@sasol.com
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, expectations, developments and business
strategies. Examples of such forward-looking statements include,
but are not limited to, the impact of the novel coronavirus
(COVID-19) pandemic on Sasol's business, results of operations,
financial condition and liquidity and statements regarding the
effectiveness of any actions taken by Sasol to address or limit any
impact of COVID-19 on its business; statements regarding exchange
rate fluctuations, changing crude oil prices , volume growth,
increases in market share, total shareholder return, executing our
growth projects (including LCCP), oil and gas reserves, cost
reductions, our climate change strategy 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 and others are discussed
more fully in our most recent annual report on Form 20-F filed on
24 August 2020 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.
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SOURCE Sasol Limited