Sasol Selects Technip as FEED Contractor for U.S. Gas-to-Liquids Facility PR Newswire HOUSTON, Nov. 25, 2013 HOUSTON, Nov. 25, 2013 /PRNewswire/ --Sasol announced today that it has selected Technip as the primary contractor for the front-end engineering and design (FEED) phase of its proposed gas-to-liquids (GTL) facility in Louisiana. "The selection of Technip as FEED contractor is a milestone in the advancement of our GTL facility," said Johan du Preez, executive vice president of U.S. mega projects for Sasol. "With experience as the execution contractor for our ORYX GTL plant in Qatar, and the primary FEED contractor for our proposed GTL plant in Uzbekistan, Technip has the expertise to help us deliver this first-of-its-kind project for the United States." In December 2012, Sasol announced its intention to build a GTL facility adjacent to its existing site near Westlake, La. Using Sasol's proven, proprietary technology, the proposed facility will convert abundant domestic natural gas into more than 96,000 barrels per day of GTL diesel and other valuable products. Sasol expects to conclude the FEED phase and reach final investment decision for the GTL project in 2016. The estimated project cost is between US$11 billion and US$14 billion. Note to editors: Sasol is also currently in the FEED phase for a world-scale ethane cracker and derivatives project at its existing site near Westlake, La. The proposed facility will produce 1.5 million tons per year of ethylene and other downstream derivatives. Sasol expects to conclude the FEED phase for the ethane cracker in 2014 and begin construction later that year, with operations to begin in 2017. Estimated project cost is between US$5 billion and US$7 billion. Sasol previously announced that it had selected Fluor as its main FEED contractor for this project. Technip will supply its proprietary ethylene technology for this project. 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, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return and cost reductions. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavour" 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 are discussed more fully in our most recent annual report under the Securities Exchange Act of 1934 on Form 20-F filed on 9 October 2013 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. About Sasol: Committed to excellence in all we do, Sasol is an international integrated energy and chemicals company that leverages the talent and expertise of our more than 35,000 people working in 37 countries. We develop and commercialize technologies, and build and operate world-scale facilities, to produce a range of product streams, including liquid fuels, chemicals and electricity. While continuing to support our home base of South Africa, Sasol is expanding internationally based on a unique value proposition, which links our diverse businesses into an integrated value chain supported by top-class functions. SOURCE Sasol Limited Website: http://www.sasolnorthamerica.com Contact: Russell Johnson, Director Public Affairs, +1 (281) 588-3027, firstname.lastname@example.org
Sasol Selects Technip as FEED Contractor for U.S. Gas-to-Liquids Facility
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