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. • Best Route to Compliance • Mass / Energy Balance • Loss Control • Uncertainty Analysis • Diagnostics • Site & System Audits • FAT / SAT • Metrological Life Cycle Management • Cyber Security IEC 62443 www.nmi.nl | +31 88 636 23 32