Name Symbol Market Type
Sasol Ltd NYSE:SSL NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.0% 2.18 0.00 0.00 0.00 11,313 09:23:58

Sasol's Lake Charles Chemicals Project (LCCP) Ethane Cracker Successfully Replaces Acetylene Catalyst and Increases Ethylene ...

17/12/2019 6:59am

PR Newswire (US)


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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

Cision View original content:http://www.prnewswire.com/news-releases/sasols-lake-charles-chemicals-project-lccp-ethane-cracker-successfully-replaces-acetylene-catalyst-and-increases-ethylene-production-rates-300975847.html

SOURCE Sasol Limited

Copyright 2019 PR Newswire

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