In local development news:

The CEO of South African petrochemicals group Sasol told Reuters yesterday that the company could expand its $8.9 billion cracker project in Louisiana, depending on market conditions. Sasol is proceeding with the cracker project, which takes ethane, a component of natural gas, and turns it into ethylene, used in the manufacture of plastic products, but it has delayed the final investment decision on a gas-to-liquids (or GTL) plant in Louisiana, which will cost up to $14 billion, because of the low oil prices.

Read full coverage from Reuters here.

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