Sasol Inaugurates Plant to Boost Polyethylene Production
Sasol Inaugurates Plant to Boost Polyethylene Production
PR55514
SASOLBURG, South Africa, Jan. 14, 2014 /PRN=KYODO JBN/ --
Today, Sasol Limited's Chief Executive Officer, David Constable, and the South
African Minister of Trade and Industry, Dr Rob Davies, inaugurated Sasol's new
ethylene purification unit, known as the Ethylene Purification Unit 5 (EPU5),
in Sasolburg.
Located at the Sasol Polymers Plant in Sasolburg, the R1.9 billion ethylene
purification unit aims to address the growing demand for polyethylene material.
The plant will also ensure better utilisation of Sasol's existing downstream
polyethylene facilities.
In delivering his opening remarks at the official opening, David Constable
said, "Through the installation of the new ethylene splitter, considerable
production capacity has been freed up to produce more ethylene. In so doing,
our investment in EPU5, together with a new compressor unit in Secunda, will
provide the South African plastics manufacturing industry with an additional 47
000 tons of polyethylene annually."
EPU5 is already in operation phase. Half of the additional 47 000 tons of
polyethylene will be reached within the next six months, while the plant is
expected to reach full capacity by 2017.
"The South African plastics industry is a significant contributor to the
national economy. Local demand for polyethylene polymers continues to grow at a
rate of 4 to 5% annually. With a rise in new plant capacities and the need to
be globally competitive, we recognised the necessity to expand both polymer and
ethylene production," said Marinus Sieberhagen, Managing Director, Sasol
Polymers.
The plant was also designed to reduce hydrocarbon flaring, which reduces the
carbon footprint of Sasol's total ethylene production capacity in South Africa.
Local engineering and construction service providers were sub-contracted to
execute significant portions of the work. This amounted to approximately 4,6
million man hours worked and resulted in all-important knowledge transfer and
skills development in construction and advanced welding techniques.
"At the height of construction, we were able to create 1000 construction jobs,
predominately sourced from the local community in Sasolburg. For us at Sasol,
this project not only illustrates our unwavering focus on unlocking the full
potential of our chemical assets, but it also demonstrates our commitment to
our customers to ensure improved supply, and our belief in, and support for,
the communities in which we live and work," said Constable.
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, 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 and cost reductions. Words such as "believe",
"anticipate", "expect", "intend", "seek", "will", "plan", "could", "may",
"endeavour" 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 under the Securities Exchange Act of 1934 on Form 20-F
filed on 9 October 2013 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.
About Sasol:
Committed to excellence in all we do, Sasol is an international integrated
energy and chemical company that leverages the talent and expertise of our more
than 35 000 people working in 37 countries. We develop and commercialise
technologies, and build and operate world-scale facilities to produce a range
of product streams, including liquid fuels, high-value chemicals and low-carbon
electricity.
While remaining committed to our home-base of South Africa, Sasol is expanding
internationally based on a unique value proposition.
Issued by:
Alex Anderson, Group Media Manager
Direct telephone +27(11)441-3295; Mobile +27(0)71-600-9605;
alex.anderson@sasol.com
Jacqui O'Sullivan, GM: Group Communication
Direct telephone +27(11)441-3252; Mobile +27(0)82-883-9697;
jacqui.osullivan@sasol.com
SOURCE: Sasol Limited
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