Sasol Chemicals North America (SCNA), a wholly owned subsidiary of JSE-listed Sasol, has agreed principle terms with INEOS Gemini HDPE Holding Company and a new entity (Newco) to be formed by INEOS to sell its 50% membership interest in Gemini HDPE to Newco for $404-million. Gemini, based in La Porte, Texas, produces and sells bimodal high-density polyethylene.
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