HAMBURG, Germany, March 12, 2018 /CNW/ - Sasol Chemicals and HELM
AG have entered into a long-term marketing agreement for ethylene
glycols. The marketing agreement between Sasol and HELM comes into
effect upon the start-up of Sasol's new ethylene oxide and ethylene
glycol (EO/EG) units in Lake Charles,
Louisiana, USA.
Sasol's EO/EG unit has a nameplate capacity of 250.000 mt/year
for monoethylene glycol (MEG) with associated higher glycols
production. HELM will market and distribute products in
North America as well as in the
different export markets globally.
The Ethylene Glycol production is part of Sasol's US Mega
Project including a 1.5 mmt/year ethane cracker as well as six
downstream chemical production units. The start-up for the first
units is planned for the second half of 2018.
Fried Hansen, Senior Executive Manager Business Unit Feedstocks
at HELM AG emphasises the importance for Sasol and HELM: "Sasol
benefits from our global presence combined with our logistical
functions and our sustainable and reliable off-take. With this
long-term marketing agreement we strengthen our position in all
ethylene glycols and underline our ambitious growth plans in this
business."
Mike Clark, Vice President
Organics at Sasol Performance Chemicals adds: "Combining Sasol's
feedstock advantage and world class manufacturing capability with
Helm's global reach and experience with glycols marketing will
maximise our shareholder value for the foreseeable future."
About Sasol:
Sasol is an international integrated chemicals and energy company
that leverages technologies and the expertise of our 30,300 people
working in 33 countries. We develop and commercialise technologies,
and build and operate world-scale facilities to produce a range of
high-value product streams, including liquid fuels, chemicals and
low-carbon electricity.
About HELM:
HELM AG is a Hamburg-based family
company established in 1900. In the 2016 financial year the Company
generated global revenues of EUR 6.9
billion, making HELM one of the world's largest chemicals
marketing companies. The Company secures access to the world's key
markets through its specific regional knowledge and over 100
branches, Sales Offices and participations in over 30 countries. As
a multifunctional marketing organisation HELM is active in the
chemicals industry (Feedstocks and Derivatives), in the crop
protection industry, in active pharmaceutical ingredients,
pharmaceuticals and in the fertilizer industry. HELM AG has a total
of 1,495 employees.
For more information please visit our website
http://www.helmag.com
SOURCE Sasol Limited