LAKE CHARLES, La., Nov. 16, 2020 /PRNewswire/ -- Sasol today
announced our LDPE unit reached beneficial operation on
15 November 2020. The LDPE unit is
the seventh and final Lake Charles Chemicals Complex unit to come
online. The LCCP is now 100 percent complete with total capital
expenditure forecast to be within the previously communicated
guidance of US$12,8 billion.
"This milestone safely brings our Lake Charles Chemicals Project
to a close and sets the stage for the next step in the evolution of
our chemicals business," said Sasol President and Chief Executive
Officer Fleetwood Grobler. "The
completion of this unit and its impending transition to our joint
venture with LyondellBasell will accelerate our transformation to a
more specialty chemicals-focused company with a strong presence of
base chemicals in our portfolio."
Sasol's LDPE unit uses ExxonMobil technology and has a nameplate
capacity of 420,000 tons per year (420 ktpa). LDPE is used to
manufacture plastic bags, shrink wrap and stretch film, coatings
for paper cups and cartons, container lids, squeezable bottles, and
other applications. The beneficial operation of the final LCCP unit
signals that 100% of total nameplate capacity of the LCCP is
operational.
The LDPE unit is one of the three LCCP plants that will form
part of the Sasol/LyondellBasell Louisiana Integrated Polyethylene
joint venture.
To date, Sasol's Lake Charles Chemicals Project has generated
more than 800 full-time quality manufacturing jobs, with up to
6,500 people on site during construction, US$4 billion to Louisiana businesses and nearly US$200 million in local and state taxes.
Issued by:
Matebello Motloung, Manager: Group Media Relations
Direct telephone: +27 (0) 10 344 9256; Mobile: +27 (0)
83 773 9457
matebello.motloung@sasol.com
Alex Anderson, Senior Manager:
Group External Communication
Direct telephone: +27 (0) 10 344 6509; Mobile: +27 (0) 71 600
9605
alex.anderson@sasol.com
In the U.S.:
Issued by:
Sarah Hughes, Manager Lake
Charles Corporate Affairs
Direct telephone: +1 (346) 313-6151
sarah.hughes@us.sasol.com
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
25 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.
Please note: One billion is defined as one thousand million. bbl
– barrel, bscf – billion standard cubic feet, mmscf – million
standard cubic feet, oil references brent crude: mmboe – million
barrels oil equivalent.
All references to years refer to the financial year ended 30
June.
Any reference to a calendar year is prefaced by the word
"calendar".
Comprehensive additional information is available on our
website:
www.sasol.com
About Sasol:
Sasol is a global integrated chemicals and energy company
spanning 30 countries. Through our talented people, we use selected
technologies to safely and sustainably source, manufacture and
market chemical and energy products globally.
About Sasol's Information Privacy Policy:
We wish to inform you about the processing of your Personal
Information by Sasol South Africa Limited and your rights under
applicable data protection law, as interpreted and included in
Sasol Information Privacy Policy.
Within our company, only Sasol Group Media Relations will
receive your Personal Information to fulfil the purpose of
maintaining the relationship with the receiver in his/her capacity
as a member of the media. You have the right to request for the
correction or deletion of your Personal Information stored by us at
address: Sasol Place, 50 Katherine Street, Sandton in Johannesburg. You also have a right to
restrict the processing of your Information. To exercise your
privacy rights or find out more about Information Privacy Policy,
kindly contact our Privacy Office on: privacy@sasol.com
View original
content:http://www.prnewswire.com/news-releases/sasol-announces-beneficial-operation-of-louisiana-low-density-polyethylene-ldpe-unit-301173249.html
SOURCE Sasol Limited