NewsFlashSasol approves feasibility study for US cracker project

30 November 2011 14:37  [Source: ICIS news]

HOUSTON (ICIS)--Sasol’s board of directors has approved a feasibility study for a possible grassroots cracker and derivatives complex at Lake Charles, Louisiana, the South African energy and chemicals major said on Wednesday.

The project could cost between $3.5bn to $4.5bn, Sasol said.

The feasibility study is scheduled for completion in the second half of 2013.

Sasol also said it would pull out of the Arya Sasol Polymers joint venture in Iran.

By: Stefan Baumgarten
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