Sasol 1601790939709

Business: Healthy deal for Sasol under the conditions

Petrochemicals giant Sasol fell almost 5 percent on the JSE on Friday after it announced that it would sell 50 percent of its difficult Lake Charles Chemicals Project (LCCP) in the US for $2 billion (R33.29bn) to LyondellBasell. Sasol said the proposed sale to one of the world’s greatest plastics, chemical compounds and refining companies […]

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Business: Sasol’s troubled Lake Charles project now operating at 86% capacity

Sasol’s delayed multibillion dollar Lake Charles project in the US is now operating at 86% of its total capacity. The alcohols plant at the project based in the US state of Louisiana is now operational, bringing the entire speciality chemicals unit into full production, the struggling petrochemical group said in a statement on Tuesday. With […]