27 October 2014
DETAILS
Sasol Limited (JSE: SOL; NYSE: SSL)
announced the final approval of
an US$8.1 billion ethane cracker and derivatives complex
at its existing site in Lake Charles, Louisiana.
At the heart of the project is an ethane cracker
that will produce 1.5 million tons of ethylene annually,
benefitting from significant economies of scale.
The complex also includes six chemical manufacturing plants.
Approximately 90 percent of the cracker’s ethylene output
will be converted into a diverse slate of commodity and
high-margin specialty chemicals for markets
in which Sasol has a strong position,
underpinned by collaborative customer relationships.
An additional US$800 million will be invested in
infrastructure and utility improvements,
as well as land acquisition,
to establish the Lake Charles location as
an integrated, multi-asset site that will enable growth
for decades to come.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
