Oil & Gas Innovation Summer 2020 Digital | Page 17

Enaex and Sasol Announce the Conclusion of Deal
to Establish Explosives Joint Venture
Integrated chemicals and energy company Sasol and Enaex, a
subsidiary of the Sigdo Koppers Group, have announced the start of
operations in Southern Africa. The new explosives joint venture Enaex
Africa starts operating today, 1 July 2020.
In 2017, Sasol commenced with a detailed asset review to ensure
all assets in the company’s global portfolio deliver against stringent
financial metrics and where aligned with the company’s growth strategy.
In line with this review, Sasol’s explosives business was identified as
having substantial growth potential that could be unlocked through
collaboration opportunities, including the possibility of partnering with
a world-class explosives brand.
In June 2019, after a robust evaluation process, Enaex S.A. was selected
as Sasol’s preferred strategic partner to create a world-class explosives
business on the African continent.
The new company will operate under the name of Enaex Africa. Enaex
will be the majority shareholder and will take over management and
operational control of the entity from 1 July 2020. Enaex in association
with Sasol will comprise certain assets and associated activities spun
off from the current explosives and rock fragmentation value chain of
the base chemicals business of Sasol South Africa. This JV includes the
associated business activities in both South Africa and other countries
in Southern Africa.
“We are delighted to announce that on 1 July 2020, Enaex Africa in
association with Sasol, will officially start operating in South Africa and
on the African Continent. Enaex is a Chilean company celebrating a
100 years of history and leadership in the explosives business in South
America and together with Sasol will be a force to be reckoned in the
HAZARDOUS ENVIRONMENTS FOCUS
Mining Industry,” said Sasol President and CEO Fleetwood Grobler.
Founded in 1920 in Chile, Enaex brings to the Southern Africa
industry a century’s experience in the global explosives market with
their core business being Ammonium Nitrate production – Enaex is the
third-largest industrial grade ammonium nitrate producer in the world
– explosives production and blasting services. •
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