Sasol looks forward to outcome of the review of the Project Application Report submitted by Sasol and the Shenhua Ningxia Coal Group

Beijing, China – The review, by the appointed experts, of the Project Application Report (PAR), submitted by Sasol and the Shenhua Ningxia Coal Group, as owners of the planned Coal to Liquids (CTL) facility in Ningxia Hui Autonomus Region, to the China Development and Reform Commission, will conclude tomorrow in Yinchuan China.
 
China's National Energy Administration (NEA) appointed the Chinese International Engineering Consultative Company (CIECC) to arrange a panel of experts, to facilitate the PAR review. The CIECC and the appointed experts have met with stakeholders over the past 3 days and their recommendations, to the NEA, are expected to be submitted to the Administration, later this year.
 
Speaking from Beijing, as part of President Jacob Zuma's official delegation, Sasol chief executive, Pat Davies, said he was looking forward to the outcome of the review by the experts and the approval of the project by the Chinese authorities.
 
"This review marks the culmination of many years of progress where the partners have put together the best possible commercially proven overall integrated technology package and we look forward to taking the next step, signing a joint venture agreement with our partners, bringing us closer to the establishment of a world class CTL facility in China", Davies said.
 
"We are very proud to be involved in a project that will see South African technology and expertise being extensively utilised in this project in China, while also strengthening the bilateral relations between the two countries. The CTL plant in Ningxia is an exciting opportunity for Sasol and our partners and will add significant value to the rich coal resources in the Ningxia Province", he said.
 
The proposed project will be the largest single-project foreign direct investment in China and the country's largest ever coal to liquid fuels project.
 
The China CTL project will convert coal to liquid fuels using Sasol proprietary technology. It will be located in the Ningdong Coal Chemical Base approximately 1300km south west of Beijing. The project will be a joint venture with partners Shenhua Ningxia Coal Group (SNCG), in which Sasol and SNCG will each hold 50% equity.
 
ENDS.