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SASOL LIMITED - SOLBE1,SOL : Sasol Confirms Incident at Lake Charles Chemicals Project (LCCP) Low-Density Polyethylene Unit

2020/01/14 14:39:16

Stock report
                    
SOLBE1,SOL : Sasol Confirms Incident at Lake Charles Chemicals Project (LCCP) Low-Density Polyethylene Unit: 
Sasol Limited
Sasol Ordinary Share codes: JSE: SOL NYSE: SSL
Sasol Ordinary Share ISIN codes: ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary Share ISIN code: ZAE000151817
('Sasol' or 'the Company')

SASOL CONFIRMS INCIDENT AT LAKE CHARLES CHEMICALS PROJECT
(LCCP) LOW-DENSITY POLYETHYLENE UNIT

On Monday 13 January 2020 at 13:15 (US Central Standard Time), Sasol
experienced an explosion and fire at its LCCP low-density polyethylene (LDPE) unit.

The fire was extinguished and all employees and contractors are safe and accounted
for.

The new LDPE unit had not yet achieved beneficial operation (BO) as planned for in
December 2019. The unit was in the final stages of commissioning and startup
when the incident occurred. The unit has been shut down and an investigation is
underway to determine the cause of the incident, the extent of the damage and
resulting impact on the LDPE unit's BO schedule.

All other Lake Charles units and previously commissioned LCCP units, namely the
ethane cracker, ethylene glycol/ethylene oxide and linear low-density polyethylene
units, are unaffected and operating to plan. The ethane cracker has achieved
nameplate capacity following the successful replacement of the acetylene reactor
catalyst in the plant during December 2019.

The remaining three downstream units under construction to complete the integrated
LCCP site, Ziegler alcohols and alumina, alcohol ethoxylates and Guerbet alcohols,
are also unaffected and remain within cost and schedule as per our previous
guidance.

14 January 2020
Sandton

Sponsor: Merrill Lynch South Africa Proprietary Limited

Date: 14-01-2020 02:39:00
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