14 June 2011 15:08 [Source: ICIS news]
TORONTO (ICIS)--Sasol and partner Talisman have begun a feasibility study on a gas-to-liquids (GTL) plant in western ?xml:namespace>
The project would, if realised, be part of Sasol’s “GTL growth strategy,” Ramon said.
Meanwhile, Sasol, along with and partners PETRONAS and Uzbekneftegaz, is about to complete a feasibility study for a 38,000 bbl/day GTL project in
Sasol expects to make a decision on the next phase of that project in the second half of 2011, Ramon said.
In Iran, the company’s Arya Sasol Polymers joint venture expects to ramp up its cracker to design capacity until the end of the year following completion of work on the facility’s demethaniser, Ramon said.
Sasol’s chemical business - driven by sales volumes and widening margins - is contributing almost one third of the group’s overall operating profit, Ramon said.
Ramon added that polymer prices, when compared with oil prices, still appear to trade below industry trends.
“We do, however, anticipate an improvement in global polymer capacity utilisation from 2012, when we expect the rate of increase in demand for polymers to start to overtake the rate at which new capacity is coming on stream,” she said.
This development, which should support polymer prices, is dependent on there being no “double dip” in global GDP, Ramon said.
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