Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Sasol exits Iran with sale of polymers business

08.19.2013  | 

Sasol had been pressured by international advocacy groups to sell its stake in the Iran business. The Arya Sasol complex has a 1 million tpy ethane cracker, a 300,000 tpy low-density polyethylene (LDPE) plant and a 300,000 tpy medium-density/high-density polyethylene (MD/HDPE) unit.

Keywords:

Sasol has sold its stake in the Iran-based joint venture Arya Sasol Polymers Company, officials said on Monday.

Sasol reached the agreement with Main Street 1095, a South African subsidiary of an Iranian investor. Main Street 1095 will acquire 100% of Sasol's joint venture vehicle SPI International, which holds a 50% stake in Arya Sasol Polymers.

"As a result of this transaction, Sasol has no on-going investment in Iran," the company said in a news release.

Sasol had been pressured by international advocacy groups such as US-based United Against a Nuclear Iran (UANI) to sell its stake in the Iran business.

The Arya Sasol complex has a 1 million tpy ethane cracker, a 300,000 tpy low-density polyethylene (LDPE) plant and a 300,000 tpy medium-density/high-density polyethylene (MD/HDPE) unit.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT

Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Will previously-planned downstream investments be cut back in 2015 due to lower global oil prices?


59%

13%

29%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2015 Hydrocarbon Processing. © 2015 Gulf Publishing Company.