- 08.06.2017, 08:52:40
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- OTE0002
Sasol Breaks Ground on new Alkoxylation Production Facility in China
Nanjing, China (ots/PRNewswire) - Sasol Limited (JSE: SOL; NYSE:
SSL), a leading integrated chemicals and energy company, formally
began construction of its new alkoxylation plant in Nanjing, Jiangsu
Province. Ushered in by a ground-breaking ceremony on June 8th at the
Nanjing Chemical Industrial Park (NCIP), the new plant is expected to
be fully operational in early 2019.
The ceremony was presided by Fleetwood Grobler, Executive Vice
President of Chemicals Business, Sasol, and attended by Miao Ruilin,
the Mayor of Nanjing; Dolana Msimang, the South African Ambassador to
China; representatives from South African diplomatic missions in
China and NCIP officials.
The new production unit will modernise and expand Sasol's current
alkoxylation capacity, research and development facility and
technical support capability in Nanjing. Through this strategic
investment, Sasol will strengthen its position in China and better
meet the growing demand for specialty chemicals in this important
growth market.
This project entails the construction of an alkoxylation plant with a
capacity of approximately 150 kilo tons per annum (ktpa), with the
option of using either branched or linear alcohols to meet
differentiated customer requirements in applications, such as
detergent, personal care, textiles and leather, metal working and
lubrication, paper inks and coatings and the oil and gas recovery
markets.
"With China's economy forecast to represent 40% of the world chemical
demand by 2020 and its on-going shift towards high value and
differentiated segments, China is an important market for Sasol,"
said Fleetwood Grobler, Executive Vice President of Chemicals
Business, Sasol. "The new production unit will more than double
Sasol's alkoxylation production capacity and Sasol's state-of-the-art
technology offers our business partners significant benefits in terms
of safety, reliability and flexibility."
The new site, to be located in NCIP, occupies about 35 acres
representing a significant expansion of the existing footprint.
Through this project, Sasol will be able to offer a range of
diversified products to optimally serve this growing market by
combining a unique portfolio of building blocks and extensive global
experience. Sasol will continue to comply with the highest standards
of environment, health and safety and is committed to a sustainable
development in China.
About Sasol:
Sasol is an international integrated chemicals and energy company
that leverages technologies and the expertise of our 30,300 people
working in 33 countries. We develop and commercialise technologies,
and build and operate world-scale facilities to produce a range of
high-value product streams, including liquid fuels, chemicals and
low-carbon electricity.
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 27
September 2016 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.
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