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Foundation celebrates 25 years of success in used oil recycling

6th September 2019 More than 1.5-billion litres of hazardous used motor oil has been kept out of the environment. 

IMO regulation a hurdle for local oil refineries

By: Mamaili Mamaila     6th September 2019 The International Maritime Organisation (IMO) 2020 regulation has prescribed for a large reduction in the maximum sulphur content of bunker fuels which presents a challenge for South African oil refineries. 

IMO regulation a hurdle for local oil refineries
ENVIRONMENTAL COMPLIANCE Oil refineries have to comply with the minimum emission standards as stipulated in the national Air Quality Act

Aspen lowers debt, shares jump

By: Reuters     3rd September 2019 Aspen Pharmacare Holdings said on Tuesday its debt as of June 30 had fallen below R40-billion and that its debt levels were safely below a covenant threshold, sending shares in the South African drugmaker up more than 9%. That was down from R53.5-billion on December 31. 

Sasol investors suggest co-CEO Cornell leave after Lake Charles costs surge 

By: Bloomberg     30th August 2019 Sasol has been asked by some of the country’s biggest fund managers to consider executive changes including ousting Stephen Cornell, one of two CEOs, over cost overruns at a flagship project, according to people familiar with the matter. The money managers began meeting with Sasol’s board and... 

Sasol investors suggest co-CEO Cornell leave after Lake Charles costs surge
Photo by Bloomberg
Sasol co-CEOs Stephen Cornell and Bongani Nqwababa

From healthcare to energy, gases play critical role in SA economy

By: Rebecca Campbell     30th August 2019 A gas can be defined as “a form of matter, in which the molecules move randomly in otherwise empty space, filling any size or shape of container into which the gas is put,” (The Hutchinson Dictionary of Science, 2nd edition) or as a “fluid that expands to fill any container, however large,... 

From healthcare to energy, gases play critical role in SA economy

Local company acquires chemical tanker vessel

By: Simone Liedtke     29th August 2019 Black-owned Mnambithi Group, through its Nduna Maritime subsidiary, has acquired a South African-registered chemical tanker vessel, named Bow Cecil. The maritime vessel will soon be flagged locally, Mnambithi said in a statement on Thursday. 

Local company acquires chemical tanker vessel
The Bow Cecil

Shumba, CoPet establish joint venture

By: Simone Liedtke     29th August 2019 Energy development company Shumba Energy has concluded a joint venture (JV) partnership, which has resulted in it holding an 80% interest in energy company Coal Petroleum (CoPet). Based in Botswana, CoPet is developing a commercial-scale liquid fuels production facility, called Project Tsosoloso,... 

Sasol's Louisiana ethane cracker reaches beneficial operation

By: Creamer Media Reporter      28th August 2019 Chemicals and petrochemicals group Sasol says its world-scale ethane cracker – the heart of its Lake Charles Chemicals Project (LCCP), in Louisiana, in the US – has reached beneficial operation. The ethane cracker is the third and most significant of the seven LCCP facilities to come on line and... 

Adcock Ingram posts higher FY profit, unloads Ghana investment

By: Reuters     28th August 2019 Pharmaceutical firm Adcock Ingram Holdings Ltd said on Wednesday full-year earnings rose 10.6% and that it disposed of its investment in Ghana. Headline earnings per share from continuing operations for the year ended June 30 rose to 421.7 cents from a restated 381.3 cents in the previous year. 

CSIR engaged in genetics research to increase medication effectiveness in Africa 

By: Rebecca Campbell     27th August 2019 South Africa's Council for Scientific and Industrial Research (CSIR) is taking a leading role in using genetic science and technology to address important health issues in Africa. This was shown by CSIR Bioengineering and Integrated Genomics Group researcher Dimakatso Gumede at a media briefing... 

CSIR engaged in genetics research to increase medication effectiveness in Africa
Photo by Creamer Media's Rebecca Campbell
CSIR Bioengineering and Integrated Genomics Group researcher Dimakatso Gumede

Sasol lowers LCCP Ebitda guidance, but says no further increases in capital cost

By: Marleny Arnoldi     26th August 2019 JSE- and NYSE-listed petrochemicals giant Sasol has resolved an issue related to a large heat exchanger on its ethane cracker at the Lake Charles Chemicals Project, in Louisiana, in the US. On August 16, Sasol announced that the problem had interrupted the ethane cracker operation for several... 

Pratley looking to grow exports into rest of Africa

By: Schalk Burger     23rd August 2019 Industrial products and adhesives manufacturer Pratley has realised sustained demand for its products during difficult economic times and is exploring growing its exports, says Pratley manager Andrew Pratley. “We have our eyes set on expanding our export markets even further, specifically in... 

Pratley looking to grow exports into rest of Africa
ANDREW PRATLEY The company’s focus will be on research and development and exploring new markets

Omnia appoints Seelan Gobalsamy as its new CEO

By: Simone Liedtke     22nd August 2019 JSE-listed Omnia Holdings on Thursday announced the appointment of Seelan Gobalsamy CEO, effective immediately, after Adriaan de Lange stepped down for personal reasons. Gobalsamy will also remain as CFO until a successor is appointed, while De Lange will remain available to Omnia in an advisory... 

UJ research team develops support system to predict, diagnose diseases

By: Schalk Burger     20th August 2019 The University of Johannesburg (UJ) has developed a hybrid expert system – a smart system designed to augment and improve a medical specialist’s capabilities and accuracy of diagnosis – by combining various machine learning and regression methods, UJ said on Tuesday. The research, published in... 

KAP lifts full-year revenue, but profit tracks lower

By: Schalk Burger     20th August 2019 Diversified industrial company KAP Industrial Holdings has grown its revenue for the financial year ended June 30 by 12% year-on-year to R25.6-billion, but operating profit decreased by 13% to R2.5-billion. In a SENS announcement that contained extracted financial information from the audited... 

Aspen commits to rectifying concerns over anti-competitive conduct in UK

By: Marleny Arnoldi     14th August 2019 JSE-listed Aspen Pharmacare Holdings has reached resolutions in its dealings with the UK Competition and Markets Authority (CMA) over an investigation into alleged anticompetitive conduct by Aspen. The matter relates to Aspen’s supply of Fludrocortisone acetate 0.1 mg tablets and Dexamethasone... 

Omnia prices R2bn rights offer, to publish circular at month-end

By: Marleny Arnoldi     12th August 2019 JSE-listed chemicals manufacturer Omnia Holdings on Monday announced details of its previously announced R2-billion rights offer, which it will use to reduce debt. The company said that 100-million shares would be issued at a subscription price of R20 a ordinary share – a discount of 41% on... 

Tribunal approves FFS Calpet’s acquisition of Calulo Marine

By: Marleny Arnoldi     8th August 2019 The Competition Tribunal has approved the proposed transaction whereby FFS Calpet seeks to acquire all shares of Calulo Marine from Calulo Services. FFS Calpet is jointly controlled by Calulo Petrochemicals, Bud Chemicals and Minerals and FFS Calpet Management. The firms are involved in... 

Bidvest now 50.1% shareholder of Adcock Ingram

By: Marleny Arnoldi     7th August 2019 Bidvest Group’s shareholding in Adcock Ingram Holdings has increased to 50.1%, from 43.3%, following the termination of Adcock’s broad-based black economic empowerment scheme. Bidvest had been evaluating its options with regard to its Adcock investment, including selling its interest to a new... 

Rolfes to sell Colour Pigments International subsidiary

By: Tasneem Bulbulia     5th August 2019 JSE-listed Rolfes will sell the business, stock and fixed assets of its 100%-owned Rolfes Colour Pigments International subsidiary to Chromaflo Technologies South Africa for R36.2-million before adjustments. RCPI distributes a range of organic and inorganic pigments and manufactures in-plant and... 

Sasol’s South Africa plants threatened by emission standards

By: Bloomberg     29th July 2019 Sasol said some of its South African plants are under threat from sulfur dioxide emission standards that it will need to comply with by 2025. The company, South Africa’s biggest by revenue, operates plants that convert coal into motor fuel and chemicals in Secunda, east of Johannesburg, and... 

Sasol chooses Enaex as preferred explosives partner

By: Marleny Arnoldi     25th July 2019 As part of the process of incorporating a strategic partner into its explosives and rock fragmentation division, JSE-listed petrochemicals company Sasol has selected Chile-headquartered Enaex as its preferred partner. The two companies will now negotiate the terms for potentially establishing a... 

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... 

Sasol warns of lower full-year Ebitda on the back of LCCP costs, low prices
Sasol's Lake Charles Chemicals Project

Nuclear industry body expresses support for Minerals Resources and Energy Minister

By: Rebecca Campbell     24th July 2019 The Nuclear Industry Association of South Africa (Niasa) announced on Wednesday that it welcomed the recent (July 11) budget speech by Mineral Resources and Energy Minister Gwede Mantashe. In his speech the Minister reaffirmed that nuclear power had a place in the country’s energy mix. “To say... 

Prevost urges coal producers to focus on local demand   

By: Nadine James     24th July 2019 South African coal producers should focus on supplying local industries and State-owned power utility Eskom, given the changing and uncertain export environment, XMP Consulting senior coal analyst Xavier Prevost said on Wednesday. Speaking at the inaugural Coal Industry Day hosted by Resources 4... 

Prevost urges coal producers to focus on local demand
XMP Consulting senior coal analyst Xavier Prevost discusses the state of the South African coal sector. Video and editing: Nicholas Boyd.

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

Logistics company invests in facilities

By: Khutso Maphatsoe     19th July 2019 Logistics company Bidvest Panalpina Logistics (BPL) has implemented several large-scale infrastructure development plans at its KwaZulu-Natal-based operations. This includes building a new state-of-the-art chemicals and general cargo warehouse in Mobeni, Durban, and taking over premises in... 

Logistics company invests in facilities
MARIA DU PREEZ The Project Thrill programme aims to review and enhance operational and financial processes, retrain staff and establish new key performance indicators

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... 

Total South Africa achieves Level 1 BBBEE rating

By: Marleny Arnoldi     15th July 2019 Petrochemicals company Total South Africa has achieved a Level 1 broad-based black economic empowerment rating. Total has since 2003 implemented a dedicated transformation strategy, which includes 52% black ownership, skills development programmes, preferential procurement, enterprise and... 

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... 

Additional air compressor installed at pharmaceuticals company

By: Mc'Kyla Nortje     12th July 2019 Air compressor products distributor and solution provider Tru Compressor Solutions assisted pharmaceutical company Union Swiss in installing an additional 132 kW oil-free air compressor at its facility, in Boksburg, last month. Union Swiss needed a new oil free compressor owing to the fact that... 

Additional air compressor installed at pharmaceuticals company
INCREASED AIR FLOW By supplying 3 inches of piping with a header it will increase the flow of air to the customers plant

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. 

Aspen terminates talks with potential European partner

By: Reuters     5th July 2019 South African drugmaker Aspen Pharmacare said on Friday it had terminated talks with a potential partner in Europe, after announcing in March a strategic review of its European and domestic commercial pharmaceuticals businesses. "Shareholders are advised that Aspen is now in a position to explore... 

Company will host a masterclass at IFAT Africa 2019

By: Khutso Maphatsoe     28th June 2019 The IFAT Africa 2019 conference is scheduled to be held at the Gallagher convention centre, in Gauteng, from July 9 to 11.   QFS will share an overview of its involvement in various projects in the industrial and municipal sectors. It will also showcase water treatment and odour control... 

Company will host a masterclass at IFAT Africa 2019
STOPPING THE STENCH Odour control is a process that involves the treatment of odorous gas in heavily built-up areas that have become a nuisance to local residents, who live in the surrounding areas near wastewater treatment plants.

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... 

Omnia flags full-year loss

By: Reuters     14th June 2019 South African chemicals and fertiliser maker Omnia Holdings said on Friday it expected to report a full-year loss as drought, a volatile currency, changes in the mining industry and difficult global trading conditions weighed on earnings. The firm said the headline loss per share, the main profit... 

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