JOHANNESBURG, June 23, 2020 /PRNewswire/ -- Sasol is pleased to
announce that the Guerbet alcohols unit at the Lake Charles
Chemicals Project ("LCCP") achieved beneficial operation on
19 June 2020. The new Guerbet unit is
Sasol's second Guerbet alcohol production site, with the other
located in Brunsbuettel, Germany. This means that 100 percent
of LCCP's specialty chemicals units are now online, and that 86
percent of total nameplate capacity of LCCP is operational. The
Guerbet unit is the sixth LCCP production unit to be brought into
production, and has a nameplate capacity of 30 000 tons per year,
using Sasol's proprietary technology.
The LCCP Ziegler unit, which achieved beneficial operation
on 16 June 2020, is an extension of
the existing Ziegler plant in Lake Charles and adds to existing
Ziegler capacity from Brunsbuettel in Germany. It is the largest of its kind in the
world, adding nameplate capacity of 173 000 tons per year of
alcohol and 32 000 tons per year of alumina. The Ziegler unit
is the most technically complex of the units in the LCCP and is
also based on Sasol's proprietary technology.
The last remaining unit to come online at LCCP will be the low
density polyethylene (LDPE) plant, which was damaged during a fire
in January 2020. This is on track for
beneficial operation by the end of September
2020, as per previous guidance. At the end of May 2020, the LCCP capital expenditure was
tracking the previously communicated guidance of US$12,8 billion.
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 28 October 2019 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:
Sasol
Investor Relations,
Feroza Syed
Chief Investor Relations Officer
Direct telephone: +27(0)82-557-7740
investor.relations@sasol.com
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SOURCE Sasol Limited