Sasol, the fuel and chemicals maker, will shut its $13-billion Lake Charles Chemicals Project due to Hurricane Laura making landfall on the US Gulf Coast. “Given Hurricane Laura’s forecast path,” Sasol will temporarily close down its facilities at Lake…
Sasol shuts troubled Lake Charles plant as hurricane approaches Read More »
JSE-listed chemicals group AECI has declared a gross interim cash dividend of 100c apiece for the six months ended June 30, owing to its well managed cash resources and despite the negative effects of Covid-19.
The negative impact of Covid-19 on the …
AECI still turns healthy profit, dividend owing to a robust response plan Read More »
JSE-listed diversified chemicals group Omnia Holdings reports that it achieved solid results for the financial year ended March 31, noting that this reflected the finalisation of the group’s stabilisation plan which included the successful recapitalisa…
Omnia more than halves debt as stabilisation plan is concluded Read More »
JSE-listed Sasol reports that the Guerbet alcohols unit at its Lake Charles Chemicals project (LCCP), in Louisiana, in the US, achieved beneficial operation on June 19. This is Sasol’s second Guerbet alcohol production site, with the other located in B…
Sasol’s Guerbet unit at Lake Charles achieves beneficial operation Read More »
Chemicals manufacturer Omnia expects to report earnings a share of between 65c and 130c for the financial year ended March 31.
This represents an improvement of 111% to 121% on the loss a share of 609c reported for the prior financial year.
Omnia expects to swing to full-year earnings Read More »
Following the retirement of specialty chemicals company Albemarle’s chairperson, president and CEO Luke Kissam, who had to leave owing to health reasons, the company on Monday appointed, with immediate effect, Kent Masters as new chairperson, president…
Masters takes top job at Albemarle Read More »
Phosphates and phosphoric acid producer Foskor has advised that it will not be operating during South Africa’s national lockdown period – March 26 to April 16 – although the company qualifies as an essential service provider.
Foskor in a statement on…
Foskor to declare force majeure during lockdown despite being essential Read More »
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 that it may need to hold a rights offer as it struggle…
Sasol’s record plunge boosts speculation of a rights issue Read More »
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).
The company declared a total dividend of R5.70 apiece, co…
AECI’s Mining Solutions business boosts group profitability in 2019 Read More »
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 contribution to earnings, cutting its guidance for the second time…
More bad news for Sasol’s giant Lake Charles Chemical Plant Read More »
