Sasol to Invest $1.15bn to Increase Hard Wax Output
Sasol will invest $1.15bn (R8.4bn) in two phases to double its hard wax output in South Africa.
The investment for the initial phase, which will raise hard wax capacity by about 40%, covers pre-investment to optimise the remaining investment for the second phase.
Basic engineering work and ordering of long lead items for the initial phase have been completed.
The first phase will begin operations in 2012, while the second phase will become operational in 2014.
Sasol group general manager for the chemical cluster Reiner Groh said the investment in the Sasolburg site is significant and will help strengthen the company's South African asset base.
"It is in line with Sasol's strategy to leverage our advanced proprietary technology and is also aligned with our longer-term plans to significantly grow the chemicals businesses of the Sasol group," Groh said.
Hard wax is used in hot melt adhesives and printing inks as well as being utilised as an additive in bitumen for road construction and in the formation of PVC objects.