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Chemicals News

Sasol warns of lower full-year Ebitda on the back of LCCP costs, low prices

By: Marleny Arnoldi     25th July 2019 Petrochemicals multinational Sasol on Thursday said a number of noncash adjustments had contributed to a decrease in its earnings a share for the financial year ended June 30. The company explained in a trading statement that the largest of these adjustments was the sizable impairment of... 

AECI’s interim earnings down 20%

By: Simone Liedtke     24th July 2019 JSE-listed explosives and speciality chemicals group AECI on Wednesday reported headline earnings per share (HEPS) and earning per share (EPS) of 365c and 367c, respectively, for the six months ended June 30. Both HEPS and EPS were 20% lower than the 458c reported in the first half of 2018. 

AECI’s interim earnings down 20%
Photo by Creamer Media's Dylan Slater
AECI CEO Mark Dytor

AECI realignment projects offer long-term benefits

By: Marleny Arnoldi     17th July 2019 As a result of the strategic realignment projects completed by it in June, JSE-listed explosives and specialty chemicals group AECI expects to report a 22% year-on-year decrease in headline earnings per share (HEPS) for the six months ended June 30. HEPS were likely to be between 357c and 376c... 

Compressors to play important role in new nitrophosphate plant

12th July 2019 Diversified technology provider Johnson Controls’ Sabroe compressors, which power a custom-build ammonia chiller plant, will play an important role in diversified chemicals group Omnia’s newly operational R670-million nitrophosphate plant in Sasolburg. Omnia lead process engineer Kripal Daby... 

Sasol opens new alkoxylation plant in China

By: Schalk Burger     11th July 2019 JSE-listed chemicals and energy multinational Sasol has launched its new alkoxylation plant, in Nanjing, China. The plant would expand Sasol's current alkoxylation capability to about 150 000 t/y, the company said in a statement this week. 

Omnia to restructure as it seeks to reduce overextended balance sheet 

By: Schalk Burger     25th June 2019 Diversified chemicals group Omnia will, over the next two years, focus on improving the profit margins of its companies’ services and products, ensuring that its assets and investments deliver value, as well as on pursuing international expansion of intellectual property-based businesses that... 

Omnia posts full-year loss on mix of negative drivers

By: Reuters     25th June 2019 Omnia Holdings, a South African chemicals and fertiliser maker, reported a full-year loss on Tuesday as a volatile currency, droughts, changes in the mining industry and difficult global trading conditions dented its business. The company, which also produces explosives, posted a headline loss... 

DTI forges ahead with product standardisation task

By: Mamaili Mamaila     14th June 2019 Following Mining Charter III’s call to the Department of Trade and Industry (DTI) to develop a “Standardised Coding and Product Identification System in the Mining Supply Chain” whereby products can be identified using a unique name and code, the department has established a multistakeholder... 

DTI forges ahead with product standardisation task
INDUSTRY GROWTH The DTI looks forward to exchanging lessons and experiences to unpack challenges and identify solutions for growth across the manufacturing sector

Havenstein to succeed Humphris as Omnia chair

By: Marleny Arnoldi     6th June 2019 JSE-listed chemicals company Omnia Holdings has announced the retirement of its chairperson Rod Humphris, who had served on its board for 20 years. Humphris will retire from the board in September during the company’s annual general meeting, but has decided to step down as chairperson with... 

Havenstein to succeed Humphris as Omnia chair
Photo by Creamer Media
Omnia outgoing chairperson Rod Humphris

Oil giants' chemical lifeline threatened by plastic-trash crisis

By: Bloomberg     6th June 2019 As the world strives to wean itself off fossil fuels, oil companies have been turning to plastic as the key to their future. Now even that’s looking overly optimistic. The global crackdown on plastic trash threatens to take a big chunk out of demand growth just as oil companies like Saudi Aramco... 

Second Lake Charles facility reaches beneficial operation

By: Nadine James     3rd June 2019 Petrochemicals company Sasol on Monday said the new ethylene oxide/ ethylene glycol (EO/EG) production facility at its Lake Charles Chemicals Project (LCCP), in Louisiana, in the US, had reached beneficial operation. The EO/EG unit is the second of seven LCCP production facilities to come on stream. 

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