Long-Term Marketing Agreement Between Sasol and HELM AG

PR72644

HAMBURG, Germany, March 13, 2018, /PRNewswire=KYODO JBN/--

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

Issued by:

Steffi Gößling

Senior Manager Corporate Affairs Performance Chemicals

Direct telephone: +49-(0)40-63684-1409

Mobile: +49-(0)172-189-6317

steffi.goessling@de.sasol.com

On behalf of:  

Alex Anderson

Head of Group Media Relations

Direct telephone: +27-(0)-10-344-6509

Mobile +27-(0)-71-600-9605

alex.anderson@sasol.com

Matebello Motloung

Specialist: Media Relations

Direct telephone: +27-(0)-10-344-9256

Mobile: +27-(0)-82-773-9457

matebello.motloung@sasol.com  

Press Contact HELM:   

Sophie Wehofsich

HELM AG

Nordkanalstrasse 28

20097 Hamburg

Germany

Phone: + 49-402-375-1853

s.wehofsich@helmag.com

Source: Sasol Limited