Sasol's expansion will bring it closer. In 2016, Stephan took on responsibility for the Lake Charles project and … “I think we lost credibility in the market as a result of the Lake Charles Project – and rightly so. Sasol’s Lake Charles project nearly complete Sasol’s Lake Charles Chemicals Project (LCCP) is 88% complete, on schedule, and costing $11.13 bn, the company said in its earnings statements. 14 Jul 2020. LCCP’s schedule remains on track with the Ethylene Glycol/Ethylene Oxide Unit due to achieve beneficial operation within days. Sasol is completing a major expansion of Lake Charles. The world-scale petrochemical complex contains an ethane cracker aiming to produce 1.5 million tons of ethane annually, and includes six chemical manufacturing plants. Johannesburg, South Africa – Sasol has today updated its guidance for LCCP following a review process to assess the project costs and schedule. The entire Lake Charles expansion, which included other production assets, suffered cost overruns and ended up having a cost of nearly $13 billion. ETHYLENE EXPANSION s B&W Energy Services is proud to contribute to the Sasol Lake Charles Ethylene Expansion – one of the largest and most complex projects to reach Louisiana in years. But the rest of the Sasol business has performed well. Sasol’s multibillion-dollar Lake Charles Chemical Project (LCCP) in Louisiana, United States, is easily the biggest project ever undertaken by a South African company off-shore. Sasol's new Guerbet unit on the U.S. Gulf Coast is the company's second Guerbet alcohol production site; the other is also located in Brunsbuettel. The Sasol Chemical Complex expansion will not only create jobs for Southwest Louisiana residents, this industry expansion will stimulate the economy of Calcasieu Parish. Renergen prepares for first drill. Sasol's Lake Charles on the cusp of completion. Bobby Jindal and South African executives from Sasol were in Southwest Louisiana to announce the major expansion project that the company is bringing to the area – basically two new facilities, a $7 billion ethane cracker and a $14 billion gas-to-liquids facility in 2020. HOUSTON, June 23, 2020 /PRNewswire/ -- Sasol today announced that the Guerbet alcohol unit at our Lake Charles Chemicals Project (LCCP) achieved … Sasol steps up asset disposals. BATON ROUGE – Today, Governor Bobby Jindal joined Sasol North America President Mike Thomas and Sasol Managing Director, Olefins & Surfactants, Fleetwood Grobler to announce Sasol Ltd.'s plans to construct the world's first commercial ethylene tetramerization unit, capable of producing over 100,000 metric tons per year of combined 1-octene and 1-hexene, at its production site in Lake Charles. "I don't need Sasol's money," he said. LAKE CHARLES, La., UNITED STATES — Sasol today announced that the Guerbet alcohol unit at our Lake Charles Chemicals Project (LCCP) achieved beneficial operations on 19 June 2020. He served served as Managing Director of Sasol Infrachem from 2009 and was appointed Managing Director of Sasol Synfuels in 2011. The creation of 850 jobs will likely bring new residents to Southwest Louisiana and Lake Charles. The expansion will support the growth aspirations of customers requiring Sasol's unique alkoxide based alumina products. The LDPE plant was delayed to a startup in November due to Hurricane Delta interrupting its planned October startup date. As part of the JV agreement, Sasol sold 50% of Lake Charles’ base chemicals business to LyondellBasell for $2bn. Sasol is among the Lake Charles chemical producers that shut operations ahead of Hurricane Laura's Aug. 27 landfall, and again before Hurricane Delta came ashore Oct. 9, which was the same path as Laura. The LDPE startup was delayed by an explosion in January and then by Hurricane Laura after late August. The complex’s cracker, first polymer unit and ethylene oxide/ethylene glycol facility are on track to start up in the fourth quarter of 2018, the company said. HOUSTON, June 23, 2020 /PRNewswire/ -- Sasol today announced that the Guerbet alcohol unit at our Lake Charles … LAKE CHARLES, LA (KPLC) - It's been almost a year since Gov. Date: 22 May 2019. He used to haul chemicals as a truck driver and has lived around the plants for 50 years. In 2014, he was appointed to the GEC as Executive Vice President (EVP): Technology. 13 Jul 2020 . Westlake (bordering Lake Charles), Louisiana, Calcasieu Parish; Business Challenge . So far, the LCCP project created over 800 full-time manufacturing jobs with up to 6,500 people onsite during the construction phase. Lake Charles, Louisiana Area • Schedule and coordinate all logistics, employee communication, registration, accreditation, and LMS support for all instructor-led learning events for North America Update: Sasol said on Wednesday its Lake Charles base chemicals unit joint venture (JV) with LyondellBasell Industries had been established, following closure of the deal on December 1. Lake Charles, Louisiana, (USA) – South African-based energy and chemicals company, Sasol, today announced it will proceed with front-end engineering and design (FEED) phase for an integrated, 96 000bbl/d gas-to-liquids (GTL) facility and a world-scale ethane cracker with downstream derivatives, at its Lake Charles site in southwest Louisiana. Westlake Chemical Corp. is investing $140 million in an expansion of its Geismar plant. Mossville is a small, predominantly African American unincorporated community on the outskirts of Lake Charles in Calcasieu Parish, Louisiana, United States.It is part of the Lake Charles Metropolitan Statistical Area and is sandwiched between Sulphur to the west and Westlake to the east. He played a key role in the international expansion strategy when he was placed in Hong Kong and Germany. Update on the Lake Charles Chemicals Project . The project has encountered cost overruns, mismanagement and delays including heavy rainfall from Tropical Storm Harvey in 2017. 2 Jul 2020. The Ethane Cracker achieved beneficial operation in August 2019, but has run approximately 50 - 60% of nameplate capacity due to underperformance of the plant's acetylene … The Lake Charles base chemicals unit includes a 1.5-million-ton ethane cracker, 900,000-ton low and linear-low density polyethylene plants and associated infrastructure. Sasol Ltd. and LyondellBasell Industries NV have entered an agreement to form a 50-50 JV for ownership and operation of certain assets that form part of Sasol’s Lake Charles Chemicals Project. Six units now online comprise more than 86% of LCCP's total output. 2 Jul 2020. Jubilee plans copper expansion after strong first half. ELB offers a premium as it prepares to delist. South Africa-based Sasol, a chemical production business and energy sector company, is wrapping up a near-$13 billion expansion of its Lake Charles operation. It needs to bring down debt that ballooned after the cost of the U.S. Lake Charles chemicals plant soared to $13 billion. Sasol recently announced that the Ethane Cracker at the company's Lake Charles Chemicals Project (LCCP) is increasing production rates following the successful replacement of the acetylene reactor catalyst. Sasol Ltd., the fuel and chemicals maker, shut its $13 billion Lake Charles Chemicals Project due to Hurricane Laura, which made landfall earlier Thursday on the U.S. Gulf Coast. Back in 2014 Sasol had estimated construction would take about four years and cost under $9 billion. More jobs and good salaries will also stimulate Lake Charles Real Estate. LAKE CHARLES — A loud boom heard in southwest Louisiana Monday came from a chemical plant. Orion consolidates ownership of Northern Cape project. 14 Jul 2020. Since 2004, Entergy Louisiana has provided electricity for Sasol’s Lake Charles Chemical Complex and R&D laboratory in Westlake, Louisiana. In March 2020, Sasol management put forward balance-sheet deleveraging and a rights issue, among others, as part of proposed mitigation measures. Pan African cuts debt as production rises. 10 Jul 2020.