Sasol Ltd 6-K, filed Nov 16, 2020
Sasol Ltd (SSL)
6-K
2020-11-16
For: 2020-11-16
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Added on
April 11, 2026
About this 6-K
Sasol Ltd filed this 6-K on November 16, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K for November, 2020
Commission File Number 1-31615
Sasol Limited
50 Katherine Street
Sandton 2196
South Africa
(Name and address of registrant’s principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
Form 20-F __X__ Form 40-F _____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
Regulation S-T Rule 101(b)(1):
Yes _____ No __X__
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):
Regulation S-T Rule 101(b)(7):
Yes _____ No __X__
Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
Yes _____ No __X__
ENCLOSURES: SASOL LIMITED | SASOL’S LOW-DENSITY POLYETHYLENE
(LDPE) UNIT AT LAKE CHARLES ACHIEVES BENEFICIAL OPERATION
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes: JSE: SOL NYSE: SSL
Sasol Ordinary ISIN codes: ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(“Sasol” or “the Company”)
SASOL’S LOW-DENSITY POLYETHYLENE (LDPE) UNIT AT LAKE CHARLES ACHIEVES
BENEFICIAL OPERATION
Sasol is pleased to announce that the LDPE unit at the Lake Charles Chemicals Project (LCCP)
achieved beneficial operation on 15 November 2020. This unit, which was damaged in a fire
during commissioning in January 2020, is the last of seven units to be brought into operation.
The LCCP is now 100 percent complete with total capital expenditure forecast to be within the
previously communicated guidance of US$12,8 billion.
The LDPE unit, which uses ExxonMobil technology, has a nameplate capacity of 420 kilotons
per annum, making it one of the largest of its kind in the world. The LDPE unit is one of the
three LCCP plants that will form part of the Sasol/LyondellBasell Louisiana Integrated
Polyethylene joint venture. Production from the LDPE unit is an important milestone to ensure
the JV will be enabled to make a meaningful expansion into the U.S. polymers production
market.
All units which were operating prior to Hurricane Laura have returned to operation, with no
further operational impact from Hurricane Zeta.
16 November 2020
Johannesburg
Sponsor: Merrill Lynch South Africa Proprietary Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes: JSE: SOL NYSE: SSL
Sasol Ordinary ISIN codes: ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(“Sasol” or “the Company”)
SASOL’S LOW-DENSITY POLYETHYLENE (LDPE) UNIT AT LAKE CHARLES ACHIEVES
BENEFICIAL OPERATION
Sasol is pleased to announce that the LDPE unit at the Lake Charles Chemicals Project (LCCP)
achieved beneficial operation on 15 November 2020. This unit, which was damaged in a fire
during commissioning in January 2020, is the last of seven units to be brought into operation.
The LCCP is now 100 percent complete with total capital expenditure forecast to be within the
previously communicated guidance of US$12,8 billion.
The LDPE unit, which uses ExxonMobil technology, has a nameplate capacity of 420 kilotons
per annum, making it one of the largest of its kind in the world. The LDPE unit is one of the
three LCCP plants that will form part of the Sasol/LyondellBasell Louisiana Integrated
Polyethylene joint venture. Production from the LDPE unit is an important milestone to ensure
the JV will be enabled to make a meaningful expansion into the U.S. polymers production
market.
All units which were operating prior to Hurricane Laura have returned to operation, with no
further operational impact from Hurricane Zeta.
16 November 2020
Johannesburg
Sponsor: Merrill Lynch South Africa Proprietary Limited
Disclaimer - Forward-looking statements
Sasol may, in this document, make certain statements that are not historical facts and 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,
expectations, developments and business strategies. Examples of such forward-looking
statements include, but are not limited to, the impact of the novel coronavirus (COVID-19)
pandemic on Sasol’s business, results of operations, financial condition and liquidity and
statements regarding the effectiveness of any actions taken by Sasol to address or limit any
impact of COVID-19 on its business; statements regarding exchange rate fluctuations, changing
crude oil prices , volume growth, increases in market share, total shareholder return, executing
our growth projects (including LCCP), oil and gas reserves, cost reductions, our climate change
strategy and 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 and others are discussed more fully in our most recent annual report
on Form 20-F filed on 24 August 2020 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.
Sasol may, in this document, make certain statements that are not historical facts and 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,
expectations, developments and business strategies. Examples of such forward-looking
statements include, but are not limited to, the impact of the novel coronavirus (COVID-19)
pandemic on Sasol’s business, results of operations, financial condition and liquidity and
statements regarding the effectiveness of any actions taken by Sasol to address or limit any
impact of COVID-19 on its business; statements regarding exchange rate fluctuations, changing
crude oil prices , volume growth, increases in market share, total shareholder return, executing
our growth projects (including LCCP), oil and gas reserves, cost reductions, our climate change
strategy and 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 and others are discussed more fully in our most recent annual report
on Form 20-F filed on 24 August 2020 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.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Sasol Limited,
has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: 16 November 2020
has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: 16 November 2020
By:
/s/ M M L Mokoka
Name:
M M L Mokoka
Title:
Group Company Secretary