Sasol mulls coal-to-liquids project in India

31 October 2007 10:26  [Source: ICIS news]

MUMBAI (ICIS news)--Sasol Oil (Pty) Limited is carrying out a pre-feasibility study for setting up its synthetic fuels complex in India, a senior company official said late on Tuesday.

"The company is in the early stages of the pre-feasibility study for a coal-to-liquids operation. So, it will be difficult to give any detailed project plans for India," said Smangele Mothoa, a business analyst in international marketing for Sasol.

Sasol was quite bullish on India’s economic and investment climate.

"India is a very good place to invest for us. The country seems more structured to do business with compared to China, and South Africa and India have better relations as well," Mothoa told ICIS news at the sidelines of the Asian Chemical and Petrochemical Investment Conference.

Going forward, Sasol might look at partnering with an Indian company for the project, she added.

"For any business looking to invest in a foreign country, one obvious way to go would be to get into a collaboration with a local partner," Mothoa said.

ICIS news had earlier reported that the South African energy and petrochemicals group had begun preliminary evaluations for a possible $6bn synthetic fuels complex in India.

The Asian Chemical and Petrochemical conference, being held at Mumbai, was jointly organised ICIS and Indian Chemical Council.

The conference ended on 30 October.

By: Divya Chowdhury
+65 6780 4359

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