China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (4923)	5/25/2005 12:02:07 PM
From: RealMuLan	Read Replies (1) of 6370

Sasol plans alcohol plant in China Wednesday May 25, 2005 06:52 - (SA) South African oil and chemical group Sasol (SOL) and Singapore head-quartered Wilmar Holdings announced the signing of a Memorandum of Understanding (MOU) to form a joint venture with the intention to construct a fatty alcohols plant in China. Subject to the board approval of the respective companies, construction of the plant is anticipated to commence in September 2005. The two companies are planning to locate a 60,000 metric tons per year plant in the industrial port city of Lianyungang in China and start up is expected in mid-2007. Sasol is the largest global producer and marketer of C6+ alcohols, while Wilmar is a processor and distributor of lauric oils with substantial interests in palm oil plantations. C6+ alcohols are used for hard surface cleaning products, like window cleaners and lubricants. Sasol will be the exclusive distributor for the sales and marketing of the alcohols produced by the joint venture. I-Net Bridge sundaytimes.co.za

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