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.

Want to read more?

Small article


(Access to one 100-400 word article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map


Need help?

A member of our team will be pleased to assist you

Sales – Alex Wark

Support – Tara Mulvey

Tel: +44 (0)1424 721667