27 September 2007South African petrochemicals company Sasol has opened an office in the Chinese city of Shanghai in order to market its diverse range of chemical solvents in the world’s fastest growing major economy.“The Chinese market is extensive and forms part of our vigorous pursuit of global growth opportunities in the chemicals sector,” Sasol Chemical Business group general manager Reiner Groh said in a statement on Wednesday. “We believe that we can offer a significant value proposition to the Chinese chemical markets.”He said that the opening of the Chinese office would lay the foundation for profitable and sustainable growth by enhancing customer service through local currency sales and new business development.Operating under the banner Sasol Chemicals Shanghai Co Ltd, the company will initially market products from the global Sasol Solvents business.Sasol Solvents operates plants in South Africa and Germany and supplies a wide range of products, including glycol ethers, C3/C4 alcohols, esters and acids, ethanol, ethyl acrylate, fine chemicals and aldehydes, glacial acrylic acid, ketones, methanol, n-butyl acrylate and mining chemicals.These are used in aerosol, agricultural, cosmetic, fragrance, mining, packaging, paint, adhesive, pharmaceutical, polish, printing and other applications.The company has targeted China as a future growth area. Business Report reported in March that Sasol has started feasibility studies for two coal-to-liquid synthetic fuel plants in China, which would produce a combined 160 000 barrels of fuel a day and could be in operation by as early as 2012.Sasol chief executive Pat Davies stated in the company’s annual report that they were “very upbeat” about the prospects for the two planned plants.He said the group foresaw “a rebirth in coal utilisation in some of the world’s coal-rich regions. This case is particularly strong in those countries that have insufficient or no oil reserves, such as Australia, India, China and the US.”Davies has said that processing just 10% of China’s coal reserves could produce as much liquid fuel equivalent as that produced from the world’s proven oil reserves.SAinfo reporter Want to use this article in your publication or on your website?See: Using SAinfo material
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VIPs Pack Chamber Event at Palm Cay to Mix, Mingle & Meet Carnival Chiefs Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas (Bahamas Chamber of Commerce and Employers Confederation) – Arnold W. Donald, who heads the $3.6 billion Carnival Corporation, will headline the Bahamas Chamber of Commerce and Employers’ Confederation annual mix and mingle for business leaders, movers and shakers at an event being called The Wind Down: Where Business + Leisure Meet October 2.The networking reception focusing on what creates sustainable success is expected to draw a waiting list of attendees. It will be held at the Billfish Grill at Palm Cay, the 350-home mixed residential and marina community that has been a success story in its own right, winning, among other accolades, the first Bahamas Contractors Association award presented to a development rather than a contractor. “Bringing together a man who is larger than life in the diverse operation that is Carnival Corporation with its 10 cruise ships brands and 91,000 employees with local leaders in the business community in a venue at a beachside setting that shows the best of The Bahamas is one that we hope will once again reinforce how important the business sector is to the well-being of the nation,” said Edison Sumner, Chamber CEO.Long recognized as the voice of business in The Bahamas, the Chamber has in the past few years touched more people at every level than ever before. Its Chamber Institute with monthly practical seminars and workshops, its thoughtful statements on pending legislation and its active development in promoting sectors of the economy linking domestic providers and suppliers with potential foreign buyers and investors has skyrocketed the 100-plus year old institution’s position to new heights.The presence of Mr. Arnold could elevate its reputation even more.According to Mr. Sumner, the event, being billed as a once in now-time opportunity, is expected to be a sell-out.“Because we want a certain amount of intimacy and personal contact, we have limited the numbers and with the invitations just going out today, the response has been immediate,” he said. “I’m not sure what we are going to have to do to top this next year, but maybe we will ask the American Embassy, which assisted with this year’s main guest of honour, to see if they can bring the president or head of a winning basketball team. We are very appreciative to the Embassy and our sponsors for their support.”Mr. Sumner’s reference to basketball was likely in connection with Mr. Arnold’s predecessor Micky Arison, owner of the Miami Heat and until July of last year, president of Carnival, the company his father founded and which he grew and ran with success until he turned over the post of top executive in July 2013. Mr. Arison remains chairman. And the company continues to thrive, reporting more than $1 billion in profit in the last fiscal year under Mr. Arnold’s reign.Sponsors include American Embassy, Bahamas First, BTC, Callenders & Co. Counsel & Attorneys, John Bull Group of Companies, NUA and Palm Cay Marina & Beach Club. Facebook Twitter Google+LinkedInPinterestWhatsApp Bahamas Chamber Meets Baha Mar Provisional Liquidators Related Items:Arnold donald, bahamas chamber of commerce, carnival corporation Hundreds expected for massive Freedom of Information block party October 25