Sasol update on Covid-19 and Lake Charles Project
As of 22 July 2020, Sasol’s total number of COVID-19 infections since the beginning of the pandemic is 774, with the majority of cases recorded in South Africa.
There are 561 active cases and two COVID-19 related deaths which occurred in South Africa. The infected employees are receiving Sasol’s full support. The increase in Sasol’s infection rates is in line with the trend in South Africa.
Up to now, there has been no material impact to company’s operations. The continuous increase in COVID-19 infections within Sasol could potentially impact its operations in the near-term. While Sasol has implemented all regulatory requirements and have the necessary controls in place, the company will continue to actively monitor and mitigate the impact.
LAKE CHARLES CHEMICAL PROJECT STATUS
The last remaining LCCP unit to come online is the Low Density Polyethylene (LDPE) plant, which was damaged during a fire in January 2020. Repair work to the unit is ongoing and the unit is expected to achieve beneficial operation (BO) before the end of October 2020.
Some challenges were experienced in the completion of the restoration process, resulting in a slight delay to the previous market guidance of a BO date before September 2020.
Overall project completion was at 99% and capital expenditure amounted to US$12,7bn.
