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Sasol lifts force majeure declaration on LLDPE, HDPE at Lake Charles facility: company

November 26/2020

MOSCOW (MRC) -- Petrochemical producer Sasol has lifted its force majeure declaration on linear low density polyethylene (LLDPE) and high density polyethylene (HDPE) at its Lake Charles, Louisiana, complex, Sasol spokeswoman Kim Cusimano said Nov. 25, reported S&P Global.

Sasol previously declared force majeure on Aug. 31 on all North American polyethylene, including all LLDPE and HDPE grades.

The force majeure was in response to the landfall of Hurricane Laura, which struck the Lake Charles, Louisiana, area on Aug. 27, resulting in widespread power outages.

Sasol's LLDPE capacity is 471,000 mt/year, according to S&P Global Platts Analytics data.

In recent months, HDPE has been tight for blowmolding and injection but readily available for film. Meanwhile, LLDPE has been somehow tight as sources note limited availability for exports.

As MRC informed before, Sasol's low density polyethylene (LDPE) plant reached beneficial operation on 15 November 2020. The LDPE unit is the seventh and final Lake Charles Chemicals Complex unit to come online. The LCCP is now 100% complete with total capital expenditure forecast to be within the previously communicated guidance of USD12,8 billion.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,594,510 tonnes in the first nine months of 2020, up by 1% year on year. Only high denstiy polyethylene (HDPE) shipments increased.

Sasol is an international integrated chemicals and energy company that leverages technologies and the expertise of our 31 270 people working in 32 countries. The company develops and commercialises technologies, and builds and operates world-scale facilities to produce a range of high-value product stream, including liquid fuels, petrochemicals and low-carbon electricity.
Author:Margaret Volkova
Tags:PE, LLDPE, LDPE, HDPE, Sasol, Russia, USA.
Category:General News
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