Sasol's R1 Billion World Scale Alcohol Plant Set to Increase Profitability.Business Editors JOHANNESBURG, South Africa--(BUSINESS WIRE)--Jan. 23, 2003 Petrochemicals group, Sasol reached yet another milestone in its quest to capture a larger share of the international chemicals market with the commissioning of its technologically advanced R1 billion new alcohol plant at Secunda, near Johannesburg in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . This world scale plant enables Sasol to have the most extensive portfolio of alcohols in the world. Sasol's chief executive Pieter Cox says: "I view with great satisfaction the completion of our new alcohols plant. This plant, now fully operational, will add an annual capacity of 120,000 tons of C12 to C15 Alcohol for supply to international customers. The project forms part of Sasol's overall corporate growth strategy to add further value to feed-streams that are available from its oil-from-coal processes. It has enabled us to get into export markets and through that to establish many global relationships which consolidate our presence in international markets." The alcohol plant is operated by Sasol Olefins and Surfactants (O&S), a division of Sasol Chemical Industries. Alcohols are used as building blocks for surfactants, industrial chemicals and performance chemicals and the new alcohol will be marketed under the name SAFOL(TM). The decision to build the new plant was announced in October 1999 when Sasol reached an agreement with Davy Process Technology (DPT) to license its Low Pressure Oxo process technology to enable the production of alcohols from the longer-chain alpha olefin olefin (ō`ləfĭn) or olefin series: see alkene. olefin or alkene Any unsaturated hydrocarbon containing one or more pairs of carbon atoms linked by a double bond (see components available. Sasol O&S manufactures a broad range of products for the surfactant Surfactant Definition Surfactant is a complex naturally occurring substance made of six lipids (fats) and four proteins that is produced in the lungs. It can also be manufactured synthetically. and chemical intermediate markets. Manufacturing sites are mainly in Europe, South Africa, and the USA and products are delivered worldwide. Sasol, established in 1950, is a world-leader in the commercial production of liquid fuels and chemicals from coal and crude oil. The company has sales of more than US $6-billion per year and is listed on the JSE JSE See: Johannesburg Stock Exchange Securities Exchange (SOL) with a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of more than US$7-billion and on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on (SASOY) in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Sasol manufactures more than 200 fuel and chemical products at its plants in Sasolburg and Secunda in South Africa as well as at several plants abroad. Its products are exported to more than 90 countries around the world. The company has developed world-leading technology for the commercial production of synthetic fuels and chemicals from low-grade coal as well as the conversion of natural gas to environment-friendly diesel and chemicals. Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. : www.sasol.com |
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