Sasol and INEOS Reach Final Investment Decision on High Density Polyethylene Joint Venture

Houston (ots/PRNewswire) -

Sasol Chemicals North America LLC and INEOS Olefins & Polymers USA
announced today that they have reached final investment decision to
form a joint venture to build a high-density polyethylene (HDPE)
plant in LaPorte, Texas.

The 50/50 joint venture will produce 470 kilotons per annum of
bimodal HDPE using Innovene(TM) S process technology licensed from
INEOS Technologies. The ethylene required for the production of the
HDPE will be supplied by Sasol and INEOS in proportion to their
respective ownership positions.

"This project will expand Sasol's presence in the global chemical
market and complement our North American growth strategy," said
Fleetwood Grobler, Sasol group executive for global chemicals. "Its
location offers several benefits, including access to U.S. Gulf Coast
infrastructure and proximity to our current and proposed ethane
cracker and derivatives complex in Southwest Louisiana."

INEOS will operate the HDPE plant at its Battleground
Manufacturing Complex in LaPorte. Plant start-up is expected in the
2016 calendar year.

"This investment will allow INEOS to meet our customer's needs for
additional bimodal products," said Dennis Seith, CEO of INEOS Olefins
& Polymers USA. "It also supports INEOS's strategy to invest and to
capture synergies on our major sites."

The definitive agreements are in the process of being finalised,
and all relevant permits have been obtained. Because the plant will
be debt financed, the investment decision is conditional on achieving
financial close.

Sasol and INEOS announced their intention to form this joint
venture in July 2013.

About Sasol:

Committed to excellence in all we do, Sasol is an international
integrated energy and chemicals company that leverages the talent and
expertise of our more than 34 000 people working in 37 countries. We
develop and commercialise technologies, and build and operate
world-scale facilities, to produce a range of product streams,
including liquid fuels, chemicals and electricity.

While continuing to support our home-base of South Africa, Sasol
is expanding internationally based on a unique value proposition.

Forward-looking statements: Sasol may, in this document, make
certain statements that are not historical facts and relate to
analyses and other information which are based on forecasts of future
results and estimates of amounts not yet determinable. These
statements may also relate to our future prospects, developments and
business strategies. Examples of such forward-looking statements
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"may", "endeavour" and "project" and similar expressions are intended
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forecasts, projections and other forward-looking statements will not
be achieved. If one or more of these risks materialise, or should
underlying assumptions prove incorrect, our actual results may differ
materially from those anticipated. You should understand that a
number of important factors could cause actual results to differ
materially from the plans, objectives, expectations, estimates and
intentions expressed in such forward-looking statements. These
factors are discussed more fully in our most recent annual report
under the Securities Exchange Act of 1934 on Form 20-F filed on 9
October 2013 and in other filings with the United States Securities
and Exchange Commission. The list of factors discussed therein is not
exhaustive; when relying on forward-looking statements to make
investment decisions, you should carefully consider both these
factors and other uncertainties and events. Forward-looking
statements apply only as of the date on which they are made, and we
do not undertake any obligation to update or revise any of them,
whether as a result of new information, future events or otherwise.

Issued by:
Russell Johnson, Director Public Affairs
Direct telephone +1(281)-588-3027
russell.johnson@us.sasol.com

ots Originaltext: Sasol and INEOS
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