Sasol Says $11 Billion Lake Charles Project on Track for 2018 Startup

Bloomberg, February 27, 2017

Sasol Ltd., the world’s biggest producer of liquid fuels from coal, said the first units at its $11 billion Lake Charles chemical project are on track to start operating in 2018. The chemicals complex, which will include a 1.5 million-tons-a-year cracker, will convert ethane into plastics and other products. In a statement on Monday, co-Chief Executive Officer Stephen Cornell said the project is 64 percent complete and still on budget.

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