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South Africa: Sasol sells US chemicals stake


Issue 424 - 08 Oct 2020

Sasol has found a buyer to take a 50% stake in its US Base Chemicals business in Lake Charles on the US Gulf Coast as it seeks to sell assets to stave off a debt crisis. Sasol announced on 2 October that it would form a 50/50 joint venture through which Netherlands-based chemicals company LyondellBasell would acquire 50% of Sasol’s 1.5m ton ethane cracker, 0.9m ton low and linear low density polyethylene plants and associated infrastructure for a total of $2bn.

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