Sasol Announces Beneficial Operations of Louisiana’s Low Density Polyethylene (LDPE) Unit – Tech

Lake Charles Chemicals Project marks completion of seventh unit

Lucky Charles, la., November 16, 2020 / PRNewswire / – Sasol announced today that our LDPE unit has reached profitable operations 15 November 2020. The LDPE unit is the seventh and final Lake Charles Chemicals complex unit to come online. The LCCP is now 100 percent complete with a total capital expenditure forecast that is within the earlier communications guidance US $ 12,8 billion.

“This milestone safely brings our Lake Charles Chemicals project closer and sets the stage for the next step in the development of our chemicals business,” said Sasol President and Chief Executive Officer Fleetwood Grobler. “The completion of this unit and its imminent transition to our joint venture with Lyndelbasel will accelerate our transformation to a more specialized chemicals-focused company with a strong presence of base chemicals in our portfolio.”

Sasol’s LDPE unit uses ExxonMobil technology and has a nameplate capacity of 420,000 tonnes (420 ktpa) per year. LDPE is used for making plastic bags, wrapping and shrinking dispersive film, coating for paper cups and cartons, container caps, squeezable bottles, and other applications. The beneficial operation of the last LCCP unit indicates that 100% of the total nameplate capacity of the LCCP is in operation.

The LDPE unit is one of three LCCP plants that will form part of the Sasol / Lyondelbasell Louisiana integrated polyethylene joint venture.

To date, Sasol’s Lake Charles Chemicals project has generated more than 800 full-time quality manufacturing TMT, employing over 6,500 people, US $ 4 billion Service Louisiana Businesses and almost US $ 200 million In local and state taxes.

released by:

Matebello Motloung, Manager: Group Media Relations
Direct telephone: 0-2 (0) 10389: 4; Mobile: 5:01 (0) 83 773 9457
[email protected]

Alex anderson, Senior Manager: Group External Communications
Direct telephone: 0.2 (0) 103859; Mobile: 5.2 (0) 71 600 9605
[email protected]

In America:

released by:

Sara Hughes, Manager Lake Charles Corporate Affairs
Direct telephone: +1 (346) 313-6151
[email protected]

In this document, Sasol may make statements that are not historical facts and relate to analysis and other information that are based on forecasts for future results and estimates of the amount not yet determined. These statements may relate to our future prospects, expectations, growth and business strategies. Examples of such forward-looking statements include, but are not limited to, the impact of the novel coronavirus (COVID-19) epidemic on Sasol’s business, results of operations, financial condition and liquidity, and the effectiveness of any actions taken by Sasol. Statement in To address or limit any impact of COVID-19 on your business; Exchange rate fluctuations, changes in crude oil prices, volume increases, market share growth, total shareholder return, our development projects (including LCPC), oil and gas reserves, cost cuts, our climate change strategy and business Statement about executing the performance approach. “Believe”, “anticipate”, “expect”, “intend”, “seek”, “wish”, “plan”, “may”, “might”, “effort”, “goal”, “anticipate” Words such as “and” project “and similar expressions are intended to identify such forward-looking statements, but are not specific means of identifying such statements. By their nature, the forward-looking statements include inherent risks and uncertainties, both general and specific, and there are risks that predictions, forecasts, estimates and other forward-looking statements will not be obtained. If one or more of these risks materializes, or the underlying assumptions must prove to be false, then our actual results may be predictably different. You must recognize that many important factors may 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 25 August 2020 And in other filings with the United States Securities and Exchange Commission. The list of factors discussed in it is not exhaustive; When investing rely on forward-looking statements to make decisions, you should consider these factors and other uncertainties and events carefully. Forward-looking statements apply only as of the date they are made, and we take no responsibility to update or modify any of them, whether as a result of new information, future events, or otherwise. .

Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil reference Brent crude: mmboe – million barrel oil equivalent.

All references to reference years for the fiscal year ended June 30.

Any reference to a calendar year precedes the word “calendar”.

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About Sasol:

Sasol is a global integrated chemicals and energy company spanning 30 countries. Through our talented people, we use selected technologies to globally secure and continuously source, manufacture and market chemical and energy products.

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