Sasol said it is undertaking a package of measures that is intended to address the challenges created by the impact of COVID-19 and the recent decline in oil and chemical prices, and fundamentally reposition the company over the following 24 months. Some of the measures include: an accelerated and expanded asset disposal programme executed in line with balance sheet, shareholder value and strategic objectives with a view to deliver proceeds significantly ahead of the $2 bn currently targeted; and the potential for partnering Sasol's US base chemicals assets, on which there are active discussions.
Original Source: PetroChemical News, 20 MAR 20202 (Website: http://www.petrochemical-news.com) © William F. Bland Co. 2020.