Sasol considers selling olefins business

By OGJ editors
HOUSTON, Aug. 5 -- Sasol Ltd. said it wants to sell its olefins and surfactants (O&S) business, Condea Servo BV, much of which Sasol acquired from RWE-Dea, Hamburg, in 2001, the South African company said Aug. 1.

Sasol Deputy Chief Executive Trevor Munday said the O&S business is only partially integrated upstream into feedstocks and has not provided Sasol with all the desired integration benefits.

Condea Servo's plants are in the US, Europe, and South Africa. The proposed sale includes facilities that produce 450,000 tonnes/year of ethylene, 800,000 tonnes/year of paraffins and olefins, and 550,000 tonnes/year of linear alkylbenzene.

Sasol is keeping its solvents business and South African comonomer operation.

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