In local economic news:

Sasol announced that some units at its $8 billion ethane cracker now under construction in Calcasieu Parish, will open in 2019, a year later than planned, because of a drop in profits brought on by low oil prices. The company is reportedly reviewing the costs and timing. Once complete, the ethane cracker complex will include six chemical manufacturing plants, to be built near Sasol’s existing Westlake facilities. The units that will be delayed convert ethane into plastics and other products. The facility will produce about 1.5 million tons of ethylene per year used in the six chemical plants to produce derivatives used in making products such as synthetic fibers, detergents, fragrances, paints, film and packaging.

Read further coverage via The Advocate here.

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