Markets :: Basic Chemicals :: Petrochemicals :: Propylene
South Africa penalizes Sasol $50 million for overcharging for propylene, PP
10:32 AM MDT | June 5, 2014 | Natasha Alperowicz
The Competition Tribunal of South Africa today imposed a combined 534-million South African rand ($49.9 million) penalty for excessive pricing of propylene and polypropylene (PP) from January 2004 to December 2007. The tribunal has found Sasol Chemical Industries (SCI; Johannesburg), a subsidiary of Sasol, guilty of charging domestic customers excessive prices for purified propylene and PP and has imposed a penalty of R205.2 million in the case of propylene and R328.2 million for PP. The tribunal has also imposed remedies in respect of SCI’s...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee