RELEASED ON 12/02/13 (DD/MM/YY)

Sasol will be proceeding with its plan to offload its stake in Arya Sasol Polymers Co. (ASPC) which it jointly holds with state-owned Iranian petrochemical major National Petrochemical Co.

A Polymerupdate source in Iran informed that the company's earnings in the first half to December 2012 have been impacted by a fall in the value of the Iranian rial. The company had announced its intention to sell its stake in ASPC in November 2011.

The company operates an ethylene plant with a capacity of 1 million mt/year, low-density polyethylene (LDPE) and high-density polyethylene (HDPE) plants of 300,000 mt/year each.

SOURCE Polymer Update