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The eventual size of Sasol’s possible rights issue – tentatively capped at $2-billion – will depend on progress the group makes in the coming months with its cash-conservation and asset-disposal...
Debt-laden chemicals and energy group Sasol announced on Tuesday that it could pursue a $2-billion rights issue as a “supplemental initiative” in the event that cash-conservation initiatives and...
Shares in South African petrochemicals group Sasol surged nearly 30% on Friday as a recovery in oil prices sparked buying of the stock, which was pummelled in the previous session. Brent crude...
Height management solutions providers Skyriders received an award from a major petrochemicals producer in December last year for achieving significant reductions in its maintenance costs and...
Local cleaning chemicals supplier Industroclean’s ability to provide holistic cleaning solutions enables it to offer the University of Cape Town (UCT) a one-stop-shop cleaning chemicals solution....
Chemicals consultancy group Wood Mackenzie predicts the start of a downcycle in China’s petrochemicals industry. A supply overhang has hit the country’s paraxylene (PX) market, with olefins and...
With the global drive to meet climate targets and mitigate the devastating effects of climate change, carbon capture and storage (CCS) is a vital emissions reduction technology for the chemicals...
South Africa’s benchmark stock index plunged the most since the market crash of October 1997 as reaction to US measures aimed at curbing the spread of the coronavirus accelerated the sell-off...
Sasol’s record share plunge on Monday, coming as the oil price slumped and just days after the company credit rating was cut to junk by Moody’s Investors Service, is raising concern among investors...
South African stocks plunged to a more than four-year low on Monday, joining a global sell-off in riskier assets as oil prices collapsed more than 30%, hitting chemical and energy firm Sasol the...
Ratings agency S&P Global Ratings has affirmed petrochemicals company Sasol’s BBB-/A-3 credit rating, but fellow ratings agency Moody’s has downgraded Sasol’s credit rating to Ba1/NP, the latter...
Chemicals group Omnia has appointed Stephan Serfontein group FD, effective March 1. Serfontein, a chartered accountant, has been with the group since January 2012 and was previously part of the...
JSE-listed chemicals manufacturer AECI reported growth in all its operating segments in the year ended December 31, and managed to achieve 10% growth in its headline earnings per share (HEPS)....
Energy and chemicals group Sasol has indicated that its capital expenditure (capex) will continue to taper during its 2020 and 2021 financial years as the group seeks to deleverage a balance sheet...
Energy and chemicals group Sasol reported a 72% slump in earnings to R4.5-billion in the six months to December 31, 2019, compared with the prior period. Headline earnings a share, meanwhile,...
One of the most pertinent issues facing the local heating, ventilation, air-conditioning and refrigeration (HVAC-R) industry is the lack of specialised skills needed for the systematic adoption of...
Developed by automotive enthusiasts in response to Africa’s water crisis, demand for Premier Wash & Wax is growing monthly as more people become conscious of the need to conserve water and fall in...
Despite various heating, ventilation, air-conditioning and refrigeration (HVAC-R) industry participants contesting the banning of disposable gas cylinders in South Africa for years, there is no...
Speciality chemicals supplier A-Gas South Africa is planning to expand its rapid recovery refrigerant service nationally this year. This follows the appointment of A-Gas business development...
Monitoring devices that are able to detect high levels of carbon dioxide (CO2) have been introduced to the local market to help detect poor air quality that can lead to sick building syndrome....
The bad news from Sasol’s chemical project in Louisiana keeps stacking up. South Africa’s biggest fuel and chemicals producer said the Lake Charles Chemicals Project will make a smaller...
The ethoxylates (ETO) unit at petrochemicals company Sasol’s Lake Charles chemical project, in the US, has achieved beneficial operation. The ETO unit is the fourth of seven units at Lake Charles...
South African energy and chemicals group Sasol has been approved for a secondary listing on South African stock exchange, A2X Markets, on February 3. The company retains its listings on the JSE and...
Integrated energy and chemicals company Sasol expects to finalise the scope of, and time needed for, repairs to the low-density polyethylene (LDPE) unit, at its Lake Charles Chemicals Project...
Sasol is still assessing the damage from an explosion and fire at its Lake Charles plant in Louisiana a week after the incident. The explosion at the low-density polyethylene unit at Lake Charles...
There has been a signifiscant increase in demand for industrial and chemical cleaning solutions provider Gra-Tech’s chemical cleaning of package boilers, as industries in which package boilers are...
Mineral water company Aqua Air Africa (AAA) officially launched Africa’s first atmospheric water-generating plant at the Ga-Rankuwa industrial site, in Gauteng, in November.
Boiler and burner solutions provider Steam Generation is set to introduce Carbon Tax consulting services for its customers to add to its boiler financing services. This comes after the Carbon Tax...
Integrated chemicals and energy company Sasol on Tuesday confirmed that there had been an explosion and fire at the low-density polyethylene (LDPE) unit at its Lake Charles Chemicals Project...
Military action leading to the closure of the Strait of Hormuz between Iran and Saudi Arabia could seriously disrupt global trade in chemicals and oil products, with a knock-on effect for the...
JSE- and NYSE-listed Sasol said on Tuesday it had resolved the issues with the acetylene removal system of the ethane cracker at the Lake Charles chemicals project (LCCP) in the US, and that...
Most chemical industry executives believe global chemicals merger and acquisition (M&A) activity will continue to increase or stay at high levels, as a global trend of coping with challenging...
Eldana remains one of the sugar industry’s major challenges, says South African Sugarcane Research Institute (SASRI) biosecurity manager Rowan Stranack. The African sugarcane borer is commonly...
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