Sasol Advances U.S. Ethane Cracker and Derivatives Project with Appointment of Key Engineering and Technology Providers
WESTLAKE, La., July 15, 2013 /PRNewswire-USNewswire/ -- Sasol today announced a series of engineering and technology provider appointments as it continues to advance front-end engineering and design (FEED) of its world class ethane cracker and derivatives project.
"We are delighted to be working with these world class contractors and technology partners in executing our project," said Johan du Preez, Sasol Executive Vice president for the US Mega projects." The selected companies are leaders in their respective fields and have the technologies, systems and expertise to help us deliver the project on schedule, optimizing our return on investment."
Fluor Corporation is the main FEED contractor for the ethane cracker and derivatives project. Individual engineering services agreements for the development of basic engineering packages have been concluded with Toyo Engineering Corporation for the linear low density polyethylene (LLDPE) plant, Mitsui Engineering & Shipbuilding Co., Ltd for the low density polyethylene (LDPE) plant, and Samsung Engineering America Inc. for the ethylene oxide (EO) and mono-ethylene glycol (MEG) units.
The technologies of Technip Stone & Webster Process Technology, Inc., ExxonMobil Chemical Technology Licensing, LLC, Univation Technologies, LLC and Scientific Design Company, Inc. have been selected for the ethane cracker, LDPE, LLDPE and EO/ MEG processes, respectively. In addition, Sasol will use its own proprietary technologies for the Tetramerization, Ziegler alcohol and Guerbet alcohol units. Emerson Process management, a global business of Emerson, has been appointed as the main automation contractor for the project.
Worley Parsons Limited has been contracted to support Sasol's own project execution team as part of an Integrated Project Management Team. Worley Parson's systems, tools and local expertise will be used to enhance the Sasol team that is overseeing the project.
Sasol announced in December 2012 that it would begin FEED work for a world scale ethane cracker and derivatives facility to be located near the town of Westlake, Louisiana. The current project costs for the ethane cracker are estimated at between US $5 – US $7 billion. It is currently envisioned that the final investment decision for the ethane cracker will be taken in 2014 with beneficial operation to be achieved in 2017.
The ethane cracker is designed to produce 1.5 million tons per year of ethylene. "The ethylene produced in the chemical facility will be used to produce a range of high value derivatives in world scale plants," said Andre de Ruyter, Senior Group Executive for Global Chemicals and North American Operations. "This forms part of Sasol's strategy of building globally competitive downstream facilities and adding value to the already low cost of ethylene production opportunity in North America," said de Ruyter.
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 12 October 2012 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.
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 34 000 people working in 38 countries. We develop and commercialise technologies, and build and operate world-scale facilities, to produce a range of product streams, including liquid fuels, chemicals and electricity.
While continuing to support our home-base of South Africa, Sasol is expanding internationally based on a unique value proposition, which links our diverse businesses into an integrated value chain supported by top-class functions.
SOURCE Sasol Limited
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