ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

SSL Sasol Ltd

7.001
0.261 (3.87%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Sasol Ltd NYSE:SSL NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.261 3.87% 7.001 7.15 6.985 7.00 590,365 01:00:00

Sasol Celebrates Opening of New Alkoxylation Plant in China

10/07/2019 4:03pm

PR Newswire (Canada)


Sasol (NYSE:SSL)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Sasol Charts.

NANJING, China, July 10, 2019 /CNW/ -- Sasol Limited, an international integrated chemicals and energy company, today announced the opening of its new alkoxylation plant in Nanjing. This facility – the company's largest expansion project in China – will more than double its alkoxylation production capacity in the region and will be supported by growing research and development and technical customer support capabilities.

Mr Bongani Nqwababa, Joint President and CEO of Sasol, Ms. Debora Balatseng, Charge'd Affairs of South African Embassy in China, and Ms. Mpho Hlahla, Consul General Shanghai, South African Consulate-General, attended the ribbon-cutting ceremony to celebrate this milestone achievement. Chinese government officials in attendance at the ceremony included Mr. Zhou Jinliang, Executive Deputy Director of Nanjing Jiangbei New Area Administrative Committee, and Mr. BIAN Zhongwu, Director of Nanjing Jiangbei New Materials High-Tech Park, along with other Sasol executives and employees, business partners and customers.

"Our expansion in China underpins our chemicals business ambitions to diversify geographically, participate in high-growth markets and grow in differentiated applications. For more than 25 years, we have been active in providing high-quality surfactants in China, where we see ongoing shifts towards high value and differentiated segments," said Nqwababa.

"I am confident this expansion will enable us to better support local customer requirements and our pursuit for continued long-term growth in the world's most important emerging market," he added.

Located at the Nanjing Jiangbei New Material Hi-Tech Park (formerly known as Nanjing Chemical Industrial Park), construction of this 35-acre site commenced in June 2017 and the plant reached beneficial operation in April this year. The plant will expand Sasol's current alkoxylation capability to approximately 150 kilotons per annum (ktpa), with additional facilities for the production of anionic surfactants.

The new plant can operate using either branched or linear alcohols to meet the differentiated customer requirements in applications such as detergents, personal care, textile and leather, metalworking and lubrication, inks, paints and coatings, as well oil and gas, enhanced oil recovery and industrial cleaning.

As the first fully Sasol-owned production facility in Asia, Sasol has been a producer of surfactants, including non-ionic alcohol ethoxylates as well as anionic alcohol ether sulfates, in China since 1992. The project is not only a significant expansion of Sasol's current operational footprint in the market, but also the first step towards a robust, differentiated expansion strategy for Sasol's Performance Chemicals business throughout the broader Asian region.

"Comprising state-of-the-art process technology, the plant will operate to the highest standards of operational safety, reliability and flexibility. Furthermore, this technology allows us to minimise environmental impacts in full compliance with stringent environmental protection measures set by the government," said Shentu Hongxing, Vice President Operations China and Managing Director Sasol China. "We look forward to making a larger contribution to both the regional economy and a greener environment – all while continuing to serve our customers with high quality tailored solutions."

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 integrated sophisticated technologies in world-scale operating facilities to produce and commercialise commodity and specialised chemicals, gaseous and liquid fuels.

Issued by:
Matebello Motloung, Senior Specialist: Media Relations
Direct telephone: +27 (0) 10 344 9256; Mobile: +27 (0) 82 773 9457
matebello.motloung@sasol.com 

 

Cision View original content:http://www.prnewswire.com/news-releases/sasol-celebrates-opening-of-new-alkoxylation-plant-in-china-300882669.html

SOURCE Sasol Limited

Copyright 2019 Canada NewsWire

1 Year Sasol Chart

1 Year Sasol Chart

1 Month Sasol Chart

1 Month Sasol Chart

Your Recent History

Delayed Upgrade Clock