page 2 of 5
Sasol Limited
(Incorporated in South Africa)
(Registration number: 1979/003231/06)
ISIN Code: ZAE000006896
Share Code: SOL
NYSE Code: SSL
("Sasol")
Sasol to provide technology and risk-based finance for $1.7bn
GTL contract in Nigeria
The $1.7 billion engineering, design and procurement contract
for the Escravos Gas to Liquids plant (EGTL) in Nigeria has
been awarded to Team JKS (a consortium of Japan Gas
Corporation, KBR and Snamprogetti).
EGTL will use Sasol’s world-renowned Slurry Phase Distillate™
(SPD) Fischer-Tropsch (F-T) process and Sasol, the South
African-based petrochemical company, is also providing a
portion of the risk-based finance for the project.
The announcement was made in Nigeria by the EGTL owners, the
Nigerian National Petroleum Corporation (NNPC) and Chevron
Nigeria Limited (CNL), earlier today.
This contract provides a major boost to the development of GTL
diesel, which is set to revolutionise the performance of diesel
technology and improve air quality by reducing vehicle
emissions.
The plant will be built at the CNL facility at Escravos in
Nigeria’s Delta province and is planned to produce 34 000
barrels per day of GTL products including GTL diesel, GTL
naphtha and a small amount of liquefied petroleum gas (LPG).
Sasol chief executive Pieter Cox says: “This project is an
affirmation of the New Partnership for Africa’s Development
(NEPAD) goal of achieving sustainable socio-political stability
and economic growth in Africa. We are very proud to be working
with a fellow African company to deliver a cutting edge
solution to the world’s future transport fuel needs.”
EGTL will be only the second commercial-scale GTL plant outside
of South Africa making Nigeria a key producer of top quality