LyondellBasell Buys $2-billion Stake in Sasol’s Lake Charles Base Chemicals Unit

LyondellBasell and Sasol Ltd. have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50% of Sasol’s Lake Charles base chemicals unit for a total consideration of $2 Billion. The Lake Charles base chemicals unit includes a 1.5-million-ton ethane cracker, 900,000-ton low and linear-low density polyethylene plants … Read more

Sasol Updates on the Progress of Lake Charles Chemicals Project (LCCP)

The Lake Charles Chemicals Project (LCCP) continued operations with its exceptional safety record with a recordable case rate (RCR) of 0.11, according to the Company.   After the ethoxylates (ETO) expansion achieved beneficial operation in January 2020, the alcohol expansion and the alumina expansion, as well as the new Guerbet unit, achieved beneficial operation in … Read more

Air Liquide to Acquire 16 ASUs from Sasol for $510 million

Sasol Ltd. has signed an exclusive negotiation agreement for Air Liquide to acquire the biggest oxygen-production site in the world located in Secunda in South Africa. The agreement is in line with Sasol’s plan to reduce its emissions of CO2. In this context, Air Liquide would operate the 16 air separation units (ASU) of this … Read more

Hanwha Group Bids for 50% Stake in Sasol’s Ethane Cracking Center

Hanwha Group is seeking to acquire a 50% in an ethane cracking center (ECC) of Sasol’s Lake Charles complex in Louisiana, according to a Business Korea report. The acquisition is estimated to cost around 3.4 billion, according to industry sources. Hanwha Group has reinforced its financial power with support from local financial firms. Hanwha Solutions … Read more

Sasol, Enaex Conclude Explosives JV in South Africa

Sasol and Enaex S.A., a subsidiary of the Sigdo Koppers Group, have announced the start of operations of new explosives JV in Southern Africa. The new explosives joint venture Enaex Africa started operations on 1 July 2020. In line with the company’s growth strategy review of 2017, Sasol’s explosives business was identified as having substantial … Read more

Sasol Ramps up Lake Charles Ethane Cracker Output

Sasol announced that the LCCP Ethane Cracker is increasing production rates following the successful replacement of the acetylene reactor catalyst. Sasol’s Ethane Cracker achieved beneficial operation in August 2019 but has run approximately 50 – 60% of nameplate capacity due to underperformance of the plant’s acetylene removal system. The company stated that the issue has … Read more

Huntsman to Buy Sasol’s 50% Interest out of Maleic Anhydride JV in Germany

Huntsman Corporation announced that it has signed a definitive agreement with Sasol to acquire the 50% interest that Huntsman does not own in the Sasol-Huntsman maleic anhydride joint venture.  The joint venture owns a manufacturing facility in Moers, Germany with capacity to produce 100,000 metric tonnes of maleic anhydride.  Huntsman will pay Sasol $92.5 million, … Read more