Sasol Chemicals and Holiferm Sign Agreement to Expand the Market for Biosurfactants

Rhea-AI Summary

Sasol Ltd. (NYSE: SSL) has entered a partnership with Holiferm Limited to develop and commercialize new biosurfactants, specifically sophorolipids. Sasol will purchase the majority of these biosurfactants from Holiferm's upcoming UK manufacturing facility, slated to begin operations in early 2023. This collaboration aims to address the rising demand for sustainable surfactants, utilizing bio-based raw materials to significantly reduce carbon footprints. Financial terms of the agreement remain undisclosed.

Positive

• Strategic partnership with Holiferm to develop sustainable solutions.
• Majority purchase agreement for sophorolipids, enhancing product portfolio.
• Investment in R&D to accelerate innovation in sustainable surfactants.
• Utilization of bio-based materials aligns with sustainability goals.

Negative

• None.

Partnership aims to meet growing demand for sustainable surfactants

HAMBURG, Germany--(BUSINESS WIRE)-- Sasol Chemicals, a business unit of Sasol Ltd. (JSE: SOL; NYSE: SSL) and Holiferm Limited announced today a partnership to jointly develop new biosurfactants and enable the broad commercialisation of sophorolipids.

Sasol Chemicals has agreed to purchase the majority of sophorolipids produced at a new Holiferm manufacturing facility in the United Kingdom, which is under construction and scheduled to begin operations in early 2023. Sasol Chemicals will also fund Holiferm research and development to accelerate innovation initiatives to help meet growing demand for sustainable solutions in primary surfactants.

Biosurfactants use natural materials to produce surfactants, which are key ingredients in detergents, cleaning products and personal care products. Sophorolipids are biosurfactants made through fermentation, using yeast to convert vegetable oils and glucose into final product. The Holiferm process offers an extensive reduction in carbon footprint comparative to conventional surfactants.

“We are increasingly using bio-based raw materials to make our products, as we work with our customers to develop solutions that in turn make their products more sustainable,” said Silke Hoppe, Vice President of Essential Care Chemicals for Sasol Chemicals. “The Holiferm expertise in the area of fermentation technology and production is a perfect fit with Sasol’s position as a global leader in the supply of surfactants and surfactant intermediates into the Fabric and Home Care, Personal Care as well as Industrial and Institutional Cleaning markets.”

Essential Care Chemicals is a global customer-focused business division dedicated to innovating sustainable solutions for people and the planet. Using in-depth knowledge of different markets, applications and products, it creates advanced high-performance solutions in the following core markets: Fabric Home Care, Industrial and Institutional Cleaning, Personal Care, Health and Wellness, and Technical Markets including Energy.

“We at Holiferm truly believe in the future of biosurfactants and fermentation technologies to reduce the dependence on fossil-based chemicals,” said Richard Lock, Managing Director of Holiferm. “The drive, passion and commitment Sasol Chemicals is showing with Holiferm Limited are a perfect fit, for both companies and the planet as a whole.”

Financial terms of the agreements between Sasol Chemicals and Holiferm Limited were not disclosed.

About Sasol Chemicals

Sasol Chemicals is a solutions provider focused on sustainability, circularity and specialties. It fulfills its purpose of “Innovating for a better world” by offering a broad, state-of-the-art portfolio of specialty and commodity chemicals for a wide range of applications and industries.

Our solutions are used by more than 7,500 customers, in 120 countries, in countless products that improve the quality of life for people around the world. They also provide the building blocks for a sustainable future by helping reduce energy usage, waste and packaging, and by providing solutions to the renewable energy industry.

Sasol Chemicals is a business of Sasol Limited, a leading chemicals and energy company focused on creating sustainable value for our stakeholders. For more information, visit the Sasol Chemicals website.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220330005575/en/

Torsten Titze

Manager Digital Communications

Sasol Chemicals

Torsten.Titze@de.sasol.com

Source: Sasol Chemicals

FAQ

What is the new partnership involving Sasol Ltd. (SSL)?

Sasol Ltd. has partnered with Holiferm Limited to develop and commercialize biosurfactants, particularly sophorolipids.

When will Holiferm's manufacturing facility begin operations?

The Holiferm manufacturing facility is scheduled to start operations in early 2023.

How does this partnership benefit Sasol Ltd. (SSL)?

The partnership allows Sasol to expand its sustainable product offerings and meet growing market demand for eco-friendly surfactants.

What are sophorolipids and why are they significant?

Sophorolipids are biosurfactants produced through fermentation, using natural materials to reduce carbon footprints compared to traditional surfactants.

Are the financial terms of the Sasol and Holiferm partnership disclosed?

No, the financial terms of the partnership have not been disclosed.