In particular, they produce petrol and diesel from coal and natural gas using Fischer-Tropsch process.
The company hopes to find a willing partner for the plant … This work was pioneered by P. N. Lategan, working for the Transvaal Coal Owners Association.
The company, which has been hit by high debt levels and falling oil and chemical prices, has seen around 80% wiped off its market capitalisation this year. Commissioned in December 2012, our R1,5 billion gas-fired power generation plant in Sasolburg – South Africa’s first stand-alone gas-to-power plant – is producing 175 MW of power.The natural gas feedstock for the plant comes from our Central Processing Facility in Temane, Mozambique.
(AP) — The first of Sasol's seven chemical product manufacturing plants is … Lake Charles plant stake could be worth more than $2 billion The plants were either closed or production cut …
Shares in the company were up 7.80% to 63.43 rand after rising as much as 11% in early trade boosted by a rise in the price of Brent crude oil. In the 1920s, South African scientists started looking at the possibility of using coal as a source of liquid fuels. Sasol said production volumes at its South African operations were 3% higher in the nine months ended March, 31 compared to the same period a year ago, while full year production is expected to decrease to between 7.3 to 7.4 million tonnes amid lower demand for fuels, based on an operating rate of 75% capacity for the remainder of the financial year. “This includes the potential for exploring partnering options at Sasol’s world-class US base chemicals business.” Ineos, Chevron Phillips among those to make first-round offers It was thought that if this coal could be used to produce synthetic oil, petrol and diesel fuel, it would have significant benefit to South Africa. CEO Fleetwood Grobler will donate 33% of his salary for three months from May and take a 20% pay cut for five months to December, directors’ fees will be reduced by up to 40%, and executive committee senior leadership and junior management will take salary cuts for eight months, Sasol said. (AP) — The first of Sasol's seven chemical product manufacturing plants is up and running in southwest Louisiana.The American Press reports a second plant is set to start up later this year at Sasol's Westlake site, with the remaining manufacturing units to begin operations later this year and into early 2020.Michael Kane, vice president of site operations, says the first unit will produce 470,000 tons of low-density polyethylene per year, and the second plant will manufacture 420,000 tons of polyethylene annually.The Sasol site centers around an ethane cracker that Kane says is expected to be up and running by July.
The company cut its core earnings expectations from the Lake Charles Chemicals Project (LCCP) following a drop in oil and chemicals prices and lower global demand due to the spread of the coronavirus. Secondly, Sasol announced that its local synfuel and chemical plants are also returning to production. REUTERS/Siphiwe Sibeko/File Photo It expects a loss in earnings before interest, taxes, depreciation, and amortisation (EBITDA) from LCCP of $50-$100 million for the financial year versus previous guidance of a profit of up to $100 million. Sasol, a chemical maker building a $12.9 billion cluster of plants in Lake Charles where it began producing ethylene oxide in early June, is already talking about expanding operations in The company has factories at Sasolburg and Secunda and has taken a stake in projects under construction in Qatar … A representative for Ineos was not immediately available for comment.The sale highlights South Africa-based Sasol’s need for cash as it struggles with debt taken on to develop the Lake Charles site, which is seen as an opportunity to diversity from fuel production. LAKE CHARLES — A loud boom heard in southwest Louisiana Monday came from a chemical plant. Commissioned in December 2012, our R1,5 billion gas-fired power generation plant in … (Credit: Sasol North America) February 18, 2019 at 2:35 PM CST - Updated February 18 at 9:50 PM LAKE CHARLES, La. “Our expanded asset disposal process has yielded good interest by strong contenders for a number of our assets,” a spokesman for Sasol said.Representatives for LyondellBasell and Chevron Phillips declined to comment. The company was formed in 1950 in Sasolburg, South Africa. LAKE CHARLES, La. South Africa has large deposits of coal which had low commercial value due to its high fly ash content. Sasol (SSL-2%) is looking to sell a large stake in its Lake Charles chemical complex in Louisiana, as the company moves to shore up finances amid the historic oil … The cost of the plant has risen sharply from early estimates to $13 billion and this, coupled with falling oil prices, has heaped pressure on Sasol’s finances. Reporting by Tanisha Heiberg; editing by Himani Sarkar and Elaine HardcastleFILE PHOTO: A man walks past South African petro-chemical company Sasol's synthetic fuel plant in Secunda, north of Johannesburg, in this picture taken March 1,2016. Sasol Limited is an integrated energy and chemical company based in Sandton, South Africa. Until then, Sasol is purchasing ethylene from a Gulf Coast network that includes other suppliers.Kane says Sasol has hired 650 workers for the manufacturing facility so far.Information from: American Press, http://www.americanpress.com February 18, 2019 at 2:35 PM CST - Updated February 18 at 9:50 PM A Gray Media Group, Inc. Station - © 2002-2020 Gray Television, Inc. The world’s top manufacturer of motor fuel from coal, implemented measures in March to improve its liquidity in a low oil price environment including finding a partner for LCCP, asset sales and a potential $2 billion rights issue. He completed his doctoral thesis from the Imperial College of Scie…