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Sasol Says No Apparent Damage To Major Process Equipment, Utilities Or Infrastructure At Lake Charles Chemical Complex
Air Liquide To Acquire Oxygen Production Site In Secunda, South Africa
Sasol Concludes Talks On Sale Of Air Separation Units
Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Company's operating business units include Mining and, Exploration and Production International. Its Strategic Business Units are energy, base chemicals, performance chemicals and group functions. The Company's regional operating hubs include Southern Africa Operations and International Operations. The Company operates approximately six coal mines that supply feedstock for its Secunda (Sasol Synfuels) and Sasolburg (Sasolburg Operations) complexes in South Africa. It offers market ready fuels and oils, such as bitumen; industrial heating fuels; naphtha and illuminating paraffin transport fuels; automotive lubricants; industrial lubricants; greases; cleansers and degreasers; automotive fuels, and burner fuels.
50 Katherine Street Sandton
Sipho Abednego Nkosi
Non-Executive Independent Chairman of the Board
President, Chief Executive Officer, Executive Director
Chief Financial Officer, Executive Director
Executive Vice President of Human Resources and Corporate affairs
Acting Executive Vice President - Technology
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South African petrochemicals group Sasol said on Monday that its Lake Charles Chemical facility in the U.S. state of Louisiana remained shut after Hurricane Laura made landfall last week.
Sasol <SOLJ.J> has agreed to sell the world's biggest oxygen production site in Secunda, South Africa, to France's Air Liquide <AIRP.PA> for about 8.5 billion rand ($515 million), as it sheds assets to pay off debts and avoid a rights issue.
Industrial gases company Air Liquide <AIRP.PA> said on Wednesday it had agreed to buy the biggest oxygen production site in the world, based in South Africa, as part of a deal with energy and chemicals company Sasol <SOLJ.J>.
South Africa's Sasol said on Thursday a unit damaged by fire at its Lake Charles Chemical Project (LCCP) should reach meaningful output by October, a month later than previous guidance.
South Africa's Sasol Ltd said on Thursday that the remaining unit to come online at its Lake Charles Chemicals Project (LCCP) in Louisiana is likely to reach meaningful output levels by October, a month delayed from its prior guidance.
South African petrochemicals giant Sasol Ltd has opted to give up its licence to explore for gas off the Mozambique coast, the company said on Sunday.
South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to Chevron for an undisclosed sum.
Struggling petrochemicals producer Sasol has appointed advisers to sell its stakes in a power plant in Mozambique and a gas pipeline running from the country into South Africa, two sources familiar with the matter told Reuters.
South Africa's Sasol Ltd said on Tuesday its Guerbet alcohols facility at Lake Charles Chemicals Project (LCCP) in Louisiana reached meaningful output levels on June 19, bringing all the project's specialty chemicals units online.
* June debt covenant waived, Dec covenant relaxed (Adds details, context)
Petrochemicals firm Sasol Ltd on Thursday said it wants to procure 600 megawatts of renewable energy over the next decade for its South African operations, as the firm looks to cut greenhouse gas emissions.
Sasol Ltd <SOLJ.J> expects its Lake Charles Chemicals Project (LCCP) to make a loss this year and will cut the pay of its CEO and other management to protect its balance sheet, the South African petrochemicals maker said on Thursday.
South African petrochemicals giant Sasol Ltd has cut its EBITDA expectations from its Lake Charles Chemicals Project (LCCP) following a drop in chemicals prices, an oil price drop and lower global demand due to the spread of the coronavirus.
South African petrochemicals producer Sasol Ltd, the world's top producer of motor fuel from coal, said on Tuesday its full year results could be hit by potential disruptions to production, supply chains and construction as the coronavirus continues to spread across the...
South Africa's Sasol will bid to provide struggling state-owned utility Eskom with temporary supplies of power, the petrochemical producer told Reuters on Tuesday.
* Firm to sell assets and look at partner in U.S (Adds detail from call, CEO quote)
South African petrochemicals group Sasol said on Tuesday it aims to generate $6 billion by the end of financial year 2021 through measures, including a potential rights issue and asset sale, as the firm looks to address debt levels after a crash in the price of oil.
* Sasol to consider rights issue and further asset sales * Shares down 80% this week * Stock set for worst week since listing in 1989 * Market cap falls by $4.6 bln * Oil crash compounds worries over debt, project delay (Recasts with Sasol considering rights issue, asset...
South African petrochemicals group Sasol said on Thursday it would consider an equity issue and expand asset disposals in excess of the current target amid concerns around its debt after a crash in the oil price wiped 79 billion Rand ($4.8 billion) off the market value.
* Sasol shares down 80% this week * Stock set for worst week since listing in 1989 * Market cap falls by $4.8 bln * Oil crash compounds worries over debt, project delay By Helen Reid JOHANNESBURG, March 12 (Reuters) - An oil price crash has wiped 79 billion Rand ($4.8 billion...
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