Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, August 29 2019 - 01:20
AsiaNet
Sasol Announces Beneficial Operation of World-scale Louisiana Ethane Cracker
LAKE CHARLES, Louisiana, Aug. 29, 2019 /PRNewswire-AsiaNet/ --

- Three units now online comprise more than 60% of LCCP's total output

Sasol today announced our world-scale U.S. Ethane Cracker reached beneficial 
operation on 27 August 2019. Sasol's new Cracker, the heart of our Lake Charles 
Chemicals Project (LCCP), is the third and most significant of the seven LCCP 
facilities to come online and will provide feedstock to our six new derivative 
units at our Lake Charles multi-asset site.

"The Cracker is the cornerstone of Sasol's transformation into a global 
chemicals company," said Sasol Joint President and Chief Executive Officer 
Stephen Cornell. "It solidifies our presence in the United States and will 
anchor our operations there for decades to come."

Sasol's Lake Charles Ethane Cracker, which uses Technip Stone & Webster 
technology, is one of the largest in the world with a nameplate capacity of 
1.54 million tons per year. Approximately 90% of the Cracker's ethylene output 
will be further processed into commodity and high-margin specialty chemicals 
for markets in which Sasol has a strong position, underpinned by collaborative 
customer relationships.

The ethylene produced in the facility will be used in six downstream plants on 
site to produce a range of high-value derivatives including ethylene oxide, 
mono-ethylene glycol, ethoxylates, low density and linear low density 
polyethylene, and Ziegler and Guerbet alcohols. Sasol's customers use these 
products as ingredients in detergents, fragrances, metalworking and lubrication 
fluids, abrasives, paints and coatings, film, food packaging, personal care 
products and many more applications and end-markets. The remaining 10% of the 
ethylene will be sold on the merchant market and supply Sasol's share of our 
high-density polyethylene (HDPE) joint venture with INEOS in Texas.

The utilities and infrastructure systems that enable the entire project are 
fully operational. The Linear Low Density Polyethylene and Ethylene 
Oxide/Ethylene Glycol units achieved beneficial operation earlier this year. 
The Low Density Polyethylene unit is expected to achieve beneficial operation 
by November 2019, while the Ziegler Alcohol, Ethoxylates and Guerbet alcohol 
units are on track to achieve beneficial operation in early 2020.

"With the first three units commissioned, plants representing more than 60% of 
the project's total output are now online," said Sasol Joint President and 
Chief Executive Officer Bongani Nqwababa. "Our construction and commissioning 
teams are working flat out to deliver the rest of the units between November 
2019 and by first quarter of 2020."

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

To date, the 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.

About Sasol:

Sasol is a global integrated chemicals and energy company. Through our talented 
people, we safely and sustainably create superior value for our customers, 
shareholders and other stakeholders. We integrate sophisticated technologies in 
world-scale operating facilities to produce and commercialise commodity and 
specialised chemicals, gaseous and liquid fuels, and lower-carbon electricity.

Forward looking statement:

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) programme 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.

Source: Sasol Limited