Sasol, Chevron form global GTL partnership

06/14/1999
SouthAfrican coal and synthetic fuels conglomerate Sasol Ltd. has signed an agreement with U.S. major Chevron Corp. to create a global gas-to-liquids (GTL) technology joint venture. The alliance "will build on the technical strengths of each company in international upstream gas development and the production and marketing of GTL products," said the companies. The partners plan to link Sasol's slurry-phase distillate process with Chevron's hydrocracking technology-called Isocracking-in pursuit of GTL projects with outside partners. The deal will not affect Sasol's existing agreements with other GTL players. Synergies The newly announced JV might seem an odd pai...
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