Nanjing, China – Sasol Limited, an international integrated chemicals and energy company, today announced the opening of its new alkoxylation plant in Nanjing. This facility – the company’s largest expansion project in China– will more than double its alkoxylation production capacity in the region and will be supported by growing research and development and technical customer support capabilities.
Mr Bongani Nqwababa, Joint President and CEO of Sasol, Ms. Debora Balatseng, Charge’d Affairs of South African Embassy in China, and Ms. Mpho Hlahla, Consul General Shanghai, South African Consulate-General, attended the ribbon-cutting ceremony to celebrate this milestone achievement. Chinese government officials in attendance at the ceremony included Mr. Zhou Jinliang, Executive Deputy Director of Nanjing Jiangbei New Area Administrative Committee, and Mr. BIAN Zhongwu, Director of Nanjing Jiangbei New Materials High-Tech Park, along with other Sasol executives and employees, business partners and customers.
“Our expansion in China underpins our chemicals business ambitions to diversify geographically, participate in high-growth markets and grow in differentiated applications. For more than 25 years, we have been active in providing high-quality surfactants in China, where we see ongoing shifts towards high value and differentiated segments,” said Nqwababa.
“I am confident this expansion will enable us to better support local customer requirements and our pursuit for continued long-term growth in the world’s most important emerging market,” he added.
Located at the Nanjing Jiangbei New Material Hi-Tech Park (formerly known as Nanjing Chemical Industrial Park), construction of this 35-acre site commenced in June 2017 and the plant reached beneficial operation in April this year. The plant will expand Sasol’s current alkoxylation capability to approximately 150 kilotons per annum (ktpa), with additional facilities for the production of anionic surfactants.
The new plant can operate using either branched or linear alcohols to meet the differentiated customer requirements in applications such as detergents, personal care, textile and leather, metalworking and lubrication, inks, paints and coatings, as well oil and gas, enhanced oil recovery and industrial cleaning.
As the first fully Sasol-owned production facility in Asia, Sasol has been a producer of surfactants, including non-ionic alcohol ethoxylates as well as anionic alcohol ether sulfates, in China since 1992. The project is not only a significant expansion of Sasol’s current operational footprint in the market, but also the first step towards a robust, differentiated expansion strategy for Sasol’s Performance Chemicals business throughout the broader Asian region.
“Comprising state-of-the-art process technology, the plant will operate to the highest standards of operational safety, reliability and flexibility. Furthermore, this technology allows us to minimise environmental impacts in full compliance with stringent environmental protection measures set by the government,” said Shentu Hongxing, Vice President Operations China and Managing Director Sasol China.
“We look forward to making a larger contribution to both the regional economy and a greener environment – all while continuing to serve our customers with high quality tailored solutions.”
Sasol may, in this document, make certain statements that are not historical facts that relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves and cost reductions, including in connection with our BPEP, RP and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2018 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference to a calendar year is prefaced by the word “calendar”.