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Long-Term Marketing Agreement Between Sasol and HELM AG

Nachrichtenagentur: news aktuell
12.03.2018, 19:39  |  1101   |   |   
Hamburg, Germany (ots/PRNewswire) -

i 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

Issued by:

Steffi Gößling

Senior Manager Corporate Affairs Performance Chemicals

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

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


On behalf of:

Alex Anderson

Head of Group Media Relations

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

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


Matebello Motloung

Specialist: Media Relations

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

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


ots Originaltext: Sasol
Im Internet recherchierbar: http://www.presseportal.de

Sophie Wehofsich
Nordkanalstraße 28
20097 Hamburg
Phone: +49-402-375-1853

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