JOHANNESBURG, Dec. 17, 2019 /PRNewswire/ -- Sasol is pleased to
announce that the LCCP Ethane Cracker is increasing production
rates following the successful replacement of the acetylene reactor
catalyst. The Ethane Cracker achieved beneficial operation in
August 2019 but has run approximately
50 - 60% of nameplate capacity due to underperformance of the
plant's acetylene removal system. This issue has now been
resolved.
The outage to replace the catalyst was successfully completed on
schedule and within budget. Following the outage, the unit
was started up smoothly and ethylene production rates are
approximately 85 - 90% of nameplate capacity and are increasing.
Ethylene quality meets US Gulf Coast ethylene pipeline
specifications.
Sasol also looks forward to the completion of the LCCP Low
Density Polyethylene (LDPE) Unit which is being commissioned with
beneficial operation expected later in December 2019. The
remaining three downstream units under construction to complete the
integrated LCCP site, Ziegler Alcohols and Alumina, Alcohol
Ethoxylates, and Guerbet Alcohols, remain on cost and schedule as
per our previous guidance.
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, 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) initiative, 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 or about
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)10-344-7778
investor.relations@sasol.com
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SOURCE Sasol Limited