Evonik Industries continues as Distributor of Shell GTL Sarawax (FT waxes)
On 7th November, Shell MDS and Evonik Industries signed a six year contract for Evonik Industries to continue as Shell MDS’ distributor of Shell GTL Sarawax waxes (FT waxes) in Europe. Evonik will produce and sell modified GTL waxes globally with the brand name VESTOWAX®.
"This is the right timing due to the increased capacity of the Shell MDS plant in Bintulu, Sarawak, Malaysia which will be available in Europe and globally at the beginning of next year" said Ate Visser, Managing Director of Shell MDS (Malaysia) Sdn Bhd and Vice President Gas of Shell Upstream International Asia.
“This cooperation really developed very fruitfully over the last years and I’m glad that we foster the relationship” said Dr. Dietmar Wewers, Senior Vice President Coating & Adhesive Resins of Evonik Industries.
GTL waxes act as additives in Hot Melt Adhesives and a multitude of other growing industrial applications.
Other news from the department business & finance
