Industry News

Sasol Expands its Polypropylene Production Facility in South Africa

South Africa: Sasol, a petrochemical giant, has revealed the C3 Expansion Project to increase the polypropylene production capacity by 1,03,000 tons per annum from its Secunda Chemicals Operations in South Africa. Sasol has made a major capital investment of around USD70.41 million for its dual-regional, multi-asset hub growth strategy in Southern Africa. The project started in 2013 and it aims at debottlenecking of Sasol’s downstream polypropylene plants to improve overall efficiency.

TechSci Research depicts that the investment for the expansion project of Secunda Chemicals Operations is anticipated to establish Sasol as a global chemicals player and strengthen its position in South Africa and North America market.

According to the recently published report by TechSci Research, “Global Propylene Market By Application, By Region, Competition Forecast and Opportunities, 2011 - 2025’’, the global propylene market is forecast to grow at a CAGR around 6% during 2016-2025, on account of growing industrialization and rising demand for demand for eco-friendly paints across commercial and residential set ups. Additionally, announcements of various emerging OPT plants for propylene coupled with smooth trading practices between countries is boosting global propylene market. Furthermore, polypropylene is projected to dominate global propylene market, on account of increasing government regulations for reducing greenhouse gas emissions in environment supported by tremendous growth in the production of light commercial vehicles and packaging industries.

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ISO Modal Container Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Type-I, Type-II, Type-III and Type-IV), By Application (LNG, Industrial Gases and Chemical & Petrochemicals), By Transport (Ship, Road and Rail), By Region, and By Competition

Oil and Gas | Jun, 2024

Businesses seek to tap into international markets and consumers have access to a wider range of products from around the world is one of the factors driving the Global ISO Modal Container Market in the forecast period 2025-2029.

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