MOSCOW (MRC) -- Sasol, an integrated energy and chemical company based in Johannesburg, South Africa, is in plans to restart its olefins plant, as per Apic-online.
A Polymerupdate source in the US informed that the plant is planned to be restarted early this week. It was shut on July 18, 2015 for maintenance turnaround.
Located in Lake Charles, Louisiana in the US, the plant has a production capacity of 430,000 mt/year.
As MRC wrote before, in October, Sasol announced its final investment decision relating to the USD8.9 billion petrochemical complex, which consists of an ethane cracker that will produce 1.5 million tpy of ethylene. The complex will also comprise six chemical manufacturing plants, enabling infrastructure and utility improvements.
The remainder of the funds required for construction will be raised in a phased manner from a variety of potential sources, according to company officials, including surplus cash available in the group. Additional funding will be announced as it is secured.
We also remind that in June 2014, Sasol Chemicals North America and INEOS Olefins & Polymers reached final investment decision to form a 50/50 joint venture to build an HDPE plant in La Porte, Texas. The ethylene required for the production of the HDPE will be supplied by Sasol and INEOS in proportion to their respective ownership positions.
Sasol Limited is an integrated energy and chemical company based in Johannesburg, South Africa. It develops and commercialises technologies, including synthetic fuels technologies, and produces different liquid fuels, chemicals and electricity.
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