Merichem Company, a global partner serving the oil and gas industries with focused technology, chemical, and service solutions, announced today that it sold its interest in Merisol to Sasol Holding USA (Pty) Limited. Merisol was created in 1997 as a 50:50 joint venture between Merichem and Sasol. Merisol, which is now wholly-owned by Sasol, is a world leader in the production of phenolic products, including phenol, cresols, cresylic acids and their derivatives.
Ken Currie Chairman of the Board of Merichem Company said: “The sale of our interest in Merisol will allow Merichem to increase our focus on our core Technology and Services businesses.” “We appreciate the fine partnership we have enjoyed with Sasol and take satisfaction from the success of Merisol to date.”
Merichem Company provides a diversified portfolio of products and services to a wide range of operations, including the refining and petrochemicals industries. With more than 1,000 licensed process units worldwide, Merichem is the leader in licensing patented process technologies and supplying proprietary equipment to provide hydrocarbon treating solutions and by-product management services that remove sulfur and other impurities from hydrocarbon liquids and gases in the upstream and downstream energy sectors.