JOHANNESBURG: South Africa’s Sasol has said that its Louisiana Integrated Polyethylene joint venture (JV) with chemical company LyondellBasell Industries had been established, following closure of the deal on Dec 1.
LyondellBasell agreed in October to acquire a 50% stake in Sasol’s base chemicals business at Lake Charles for US$2bil and operate the newly formed 50/50 JV, comprising the base chemicals business.
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