Sasol’s $12.8 Billion U.S. Project Reaches Finish With Last Unit

SourceBloomberg
SectorReal Estate
CountryMiddle east

Sasol Ltd. has completed its Lake Charles Chemicals Project in Louisiana after struggling though issues ranging from mismanagement to cost overruns and a final onslaught of hurricanes in the U.S. Gulf Coast.The South African chemicals and fuel maker on Nov. 15 achieved beneficial operation of a low-density polyethylene unit, or LDPE, that had been damaged in a fire during commissioning in January, it said in a statement.

“The LCCP is now 100% complete” with total capital expenditure forecast to be within $12.8 ...read more...