Press Release: Long-term marketing agreement between Sasol and HELM AG
Sasol Chemicals and HELM AG have entered into a long-term marketing agreement for ethylene glycols.
March 12th, 2018, Hamburg / Germany
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”.
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.