Sasol and HELM AG reach long-term marketing agreement
Mar. 13, 2018
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".